Lockdown adds to Padini's woes

KUALA LUMPUR: Padini Holdings Bhd's streak of poor earnings is expected to continue through 2021 as its brick-and-mortar outlets will be severely affected by MCO3.0 while overseas outlets face risk of closures.

Following a briefing yesterday, Kenanga Research said it expects further store closures within the year as it continues to struggle with its performance during MCO3.0.