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#NoNewClothes pledge to hit pause on purchases

2020-05-29 14:22:00| Daily apparel & textile news and comment - from just-style.com

Workers' rights organisation Remake is encouraging consumers to refrain from buying new clothes for the next three months in an attempt to drive systemic change across the fashion industry.

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Boeing job cuts start to hit 12,000 US workers

2020-05-27 20:56:18| BBC News | Business | UK Edition

A drop in travel due to the pandemic worsened the situation for the company, which was already in crisis.

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Fitness Clubs Facing $10 Billion Revenue Hit as Members Flee

2020-05-26 18:16:00| National Real Estate Investor

A survey of 1,000 fitness club users showed more than a third have cancelled or plan to cancel their gym memberships.

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HPE starts 3-yr cost reduction plan after Q2 hit by supply shortages

2020-05-22 09:32:00| Telecompaper Headlines

(Telecompaper) HPE reported generally lower results for its fiscal second quarter to end April, greatly hit by the global economic lockdowns enacted since February. HPE GreenLake provided a boost to the company, as did its Intelligent Edge Business in North America. But to help navigate the tough times, HPE started a new plan to reduce costs and prioritise investments and resources. Under the three-year Cost Optimization and Prioritization Plan, to run through fiscal year 2022, HPE aims to generate gross savings of at least USD 1.0 billion, with annualised net run-rate savings of at least USD 800 million. It also expects cash funding payments of USD 1-1.3 billion.

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