Mosaic 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.
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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).
WATCH VIDEOUnderperforming 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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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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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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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.
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Wilsons notes the retailer's revenues have been impacted by the bushfires, as well as broader difficult trading conditions.
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