2020 marked a retail apocalypse with many major retailers across the country forced to close their doors amid economic pain spurred on by the pandemic and a changing retail space.
MOSAIC SHUTS HUNDREDS OF STORES
A major retailer to be hit in 2020 was Mosaic Brands, which owns well-known fashion outlets including Rivers, Katies, Rockmans, Noni B, Millers and Crossroads.
As one of the nations biggest retailers, with a network of 1332 Australian stores, the group announced it would shut up to 500 stores across the country following a staggering $45.8 million loss for the financial year.
Scentre Group the Westfield shopping centre chains parent company made the call to temporarily lock down stores owned by Mosaic Brands, leaving more than …
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