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.

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Kenanga Research , Padini , retail , fashion

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