Card Factory, Moss Bros and N Brown warn of coronavirus impact

Card Factory

A clutch of retailers including Card Factory, Moss Bros, Watches of Switzerland and N Brown has warned of the impact of coronavirus on sales and profits.

Moss Bros issued a profit warning, saying that coronavirus would result in “a significant reduction in revenue and profitability” for the fiscal year ending January 30, 2021.

But the retailer said it was “too early to determine” how much its top and bottom lines would be impacted.

Moss Bros revealed this morning that it has taken the decision to temporarily close all of its stores until further notice, adding to a growing list of businesses that have shut up shop on the high street.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.