March 25 (Reuters) - Mosaic Brands Ltd (MOZ) :
- SUSPENDS ALL STORE OPERATIONS TEMPORARILY FROM THURSDAY DUE TO COVID-19
- ALL TEAM MEMBERS AFFECTED BY STORE CLOSURES WILL BE STOOD DOWN WITH ACCESS TO LEAVE ENTITLEMENTS WHILE GROUP REVIEWS GOVERNMENT SCHEMES
- RECENTLY SEEN A SIGNIFICANT DROP IN STORE TRAFFIC AND REVENUE
- ONLINE OPERATIONS WILL CONTINUE THROUGH THIS PERIOD
- REVIEWING COST OF DOING BUSINESS, WITH A VIEW TO CUT COSTS TO MATCH EXPECTED REVENUE
- STEPS ARE BEING TAKEN TO PROVIDE LONGER-TERM JOB SECURITY TO ITS 6,800 PREDOMINANTLY FEMALE TEAM
News: MOZ Mosaic Brands Suspends All Store Operations Temporarily Due To Covid-19
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