Stitching together a strategy: Mosaic’s shake-up
Struggling women’s fashion retailer Mosaic Brands (ASX:MOZ) is hacking into its business to try and stay alive.
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Mosaic brands in crisis
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.
Read MoreMosaic Brands facing losses
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.
Read MoreMosaic Brands sees turnaround
Underperforming women’s wear retailer Mosaic Brands (ASX:MOZ) regards the six months to December as a 'turning point' for the embattled group.
Read MoreASX down 0.37% at noon as Tech sector falls
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.
Read MoreStocks 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).
Read MoreSurprise Downgrade Leaves Mosaic on the Tiles
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.
Read MoreMosaic Reveals Details of Capital Raising
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.
Read MoreMosaic in Tatters; Hills with a Mountain to Climb
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.
Read MoreMisleading Info Costs Mosaic a Pretty Penny
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.
Read MoreMosaic Back in Black as Horror Turns to Wonder
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.
Read MoreMosaic Pieces it Together after a Horror 2020
After a nightmare 2020 that saw it pushed to the very brink of survival thanks to the bushfires and Covid lockdowns, retailer Mosaic Brands seems to have got things back on track.
Read MoreMOZ – Morgans rates the stock as Hold
Mosaic Brands’ first half result was in-line with the recent trading update. The Hold rating is maintained as Morgans awaits further evidence of the turnaround. The target falls to $0.99 from $1.19.
Read MoreAll the Pieces Fall into Place for Mosaic
Sydney-based fashion wear retailer Mosaic Brands told the ASX yesterday that it had seen a massive recovery in its earnings for the six months to December and that its interim results would “materially exceed” expectations.
Read MoreStore Closures Dominate Mosaic Brands Update
Mosaic Brands had a strange update yesterday for the AGM – it was more about store closures than new details on how the company was trading.
Read MoreRetail Shorts: Mosaic Ends Scentre Standoff, Moody’s Puts Landlord On Notice
Embattled women’s wear retailer Mosaic Group has settled its nasty rental standoff with Australia’s largest retail landlord that saw it locked out of 129 of its stores in Westfield’s malls two weeks ago.
Read MoreMosaic & Star Stand Down Staff, Wesfarmers Shutters Kmart NZ
Major women’s fashionwear retailer Mosaic Brands has become the latest chain operator to shut stores and stand down staff indefinitely. Casino operator, Star Group has also stood down around 90% of its staff of 9,000 while Wesfarmers has shut its Kmart stores in New Zealand as the coronavirus outbreak continues to escalate.
Read MoreNo Respite For Mosaic Brands As Virus Cripples Supply
After being the first listed company to issue a warning about the impact of the bushfires on its business in December and January, fashion retailer Mosaic Brands has gone further and postponed its interim dividend until it has a better idea of how the impact of the coronavirus on the company in coming months
Read MoreBushfire Impact: Affected Stocks
With the prolonged bushfire crisis now abated thanks to the efforts of Mother Nature and tireless firefighters, Tim Boreham ponders the effect of the firestorm on listed equity exposures.
Read MoreMOZ – Wilsons rates the stock as Buy
Wilsons notes the retailer’s revenues have been impacted by the bushfires, as well as broader difficult trading conditions.
Read More“Directly Impacted”: Mosaic Sales Slump But Retailer Reassures On Dividend
Mosaic Brands, the ASX-listed parent of women’s clothing chains including the popular Noni B, Rivers, and Millers says sales across its brands have taken a “significant” hit from the country’s bushfire crisis.
Read MoreFashion Shorts: City Chic Upbeat, Noni B Picks Up EziBuy
Judging by two reports from the women’s wear end of the retail sector, business is going sort of OK.
Read MoreFashion Earnings: Noni B, City Chic Collective
Ignore the halving of net profit at the fashionwear group, Noni B and focus on the higher final dividend as a guide to how the company performed in 2018-19 and says it will go in the current 2019-20 financial year.
Read MoreSurprise Bidders For Noni B
He’s back. After losing billions in the collapse of Babcock and Brown and a host of associated companies in the GFC, Sydney investment banker Phil Green has popped up with what seems to be a winning $16.4 million cash bid for struggling Sydney-based women’s fashionwear retailer Noni B (NBL).
Read MoreNoni B’s Future Still Clouded
And the future of struggling Sydney based fashionwear retailer, retailer Noni B (NBL) might become clearer shortly.
Read MoreNoni B’s Losses Rise
Things continue to get worse for embattled Sydney women’s fashionwear retailer, Noni B (NBL) with yet another earnings downgrade and a loss for 2013-14 that could approach $8 million.
Read MoreNoni B Courted
Sydney-based women’s fashionwear retailer, Noni B (NBL) waved the ‘look at us’ flag last week in its surprise earnings downgrade, and said independent directors were exploring options for the company’s future.
Read MoreNoni B Sees Sales Slide, Big Loss, Could Be Sold
Another rough trading update from small Sydney women’s fashionwear retailer Noni B (NBL). It revealed write downs and a prospective loss for the year, news that sent the shares down 9.1% to 35c at one stage.
Read MoreSales Plunge At Noni-B
Small Sydney-based women’s wear retailer Noni B (NBL) is facing another fall in earnings in the June-half after same-store sales plunged 14% in the March quarter, the company told the ASX yesterday in something of a shock.
Read MoreNoni B Hacks And Cuts
In part Sydney-based women’s fashionwear retailer, Noni B’s attempts to expand its footprint have been brought up short by the Reserve Bank’s attack on inflation through higher interest rates.
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