Stocks of the Hour: Mosaic Brands, Victory Metals, Atlas Arteria
21 Jul 2023 - A snapshot of the stocks on the move, featuring Mosaic Brands (ASX:MOZ), Victory Metals (ASX:VTM) and Atlas Arteria (ASX:ALX).
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Mosaic Brands Ltd (formerly Noni B Limited) has grown to be the largest specialty fashion retailer group in Australia. Our brands include Millers, Rockmans, Noni B, Rivers, Katies, Autograph, W. Lane, Crossroads and Beme. We span the country with almost 1,400 stores nationally. Our collective purpose is to help our customers express their love of life – by embracing the truth that every occasion is a special occasion worth feeling fabulous for.
21 Jul 2023 - A snapshot of the stocks on the move, featuring Mosaic Brands (ASX:MOZ), Victory Metals (ASX:VTM) and Atlas Arteria (ASX:ALX).
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Struggling women’s fashion retailer Mosaic Brands (ASX:MOZ) is hacking into its business to try and stay alive.
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For a company worth less than $7 million on the ASX, Mosaic Brands (ASX:MOZ), the women's wear retailer, certainly generates a lot of media stories.
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Women’s fashionwear chain owner, Mosaic Brands (ASX:MOZ), has joined the emerging list of retailers (including KMD and City Chic) confessing to weak trading and possible or actual losses ahead of the end of their 2023-24 financial years.
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Underperforming women’s wear retailer Mosaic Brands (ASX:MOZ) regards the six months to December as a 'turning point' for the embattled group.
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21 Jul 2023 - At noon, the S&P/ASX 200 is 0.37% lower at 7,298. There was a sell-off in the technology sector triggered by disappointing earnings results on Wall Street. The local technology sector tumbled 2.9%, with Xero (ASX:XRO) falling 3.7% to $122.47 and Megaport (ASX:MP1) declining 2.9% to $9.66.
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Shares in women’s fashionwear retailer Mosaic Brands were crunched 55% Wednesday after the company sprung a bad news downgrade and loss for the year to June on investors.
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Struggling women’s fashionwear retailer Mosaic Brands has confirmed the details of its capital raising after a delay over the weekend in a move that ended up being cheered by investors.
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Women’s fashionwear retailer Mosaic Brands and tech / health group Hills Ltd have both been hit hard by Covid, as shown by the weak results and mounting debt levels they announced on Wednesday.
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A day after Mosaic Brands convinced the market that it wasn’t heading off a cliff, it has fallen foul of the competition and consumer watchdog, the ACCC, for misleading product data.
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Accounting black, not red, has become the order of the day for retailer Mosaic Group, with stores open, revenue ticking over, profits on board and more to come in 2022.
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