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.

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