Business
Fashion retailer behind Katies, Rockmans, Rivers and Noni B closes more stores – NEWS.com.au
Fashion retailer behind Katies, Rockmans, Rivers and Noni B closes more stores
The retail group that owns Katies and Millers is making money again after closing unprofitable stores and massively increasing its online offering, flagging an ongoing sales lift as its older demographic customer base emerges from COVID-19 hibernation.Mosaic Brands, which also owns Noni B, Rivers and Rockmans, booked a whopping $170m full-year net loss in August but on Wednesday posted a slim first-half net profit of $13m.
But that comes after it received almost $47m in JobKeeper benefits, which…
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