PETALING JAYA: Padini Holdings Bhd
, a retailer of garments, is seeing consumers back at its outlets after business disruptions during the recent movement control order.
While customers are returning, a mismatch in sales momentum and potentially higher operating expenses may lead to softer margins in the near-term.
The owner and operator of fashion retail outlets such as Padini, Brands Outlet, Seed and Vincci, would see its coming third quarter ending March 31,2021 (Q3FY21) earnings remaining subdued as a result of the MCO 2.0 where all stores were closed from Jan 13 to Feb 10.
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