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Egypt makers take a hit on cancellations and capacity
2020-04-30 17:11:00| Daily apparel & textile news and comment - from just-style.com
Garment factories in Egypt have indicated that order cancellations linked to the global Covid-19 crisis are reaching millions of dollars, and that many manufacturers have been forced to reduce their production capacity as a result.
Tags: hit
capacity
egypt
makers
Sainsbury's warns of GBP500m profit hit as clothing sales slump
2020-04-30 12:37:00| Daily apparel & textile news and comment - from just-style.com
UK supermarket retailer Sainsbury's has warned of a GBP500m (US$624m) profit hit for its next financial year as significant costs related to safety measures amid the Covid-19 pandemic and lower clothing sales take their toll.
Tags: sales
hit
clothing
profit
Want an Oil Price Recovery? Hit the Road
2020-04-29 15:00:00| OGI
When commuters return in force, so will the economy, experts say. When that happens, however, is unclear.
Malls Face Catastrophic Hit in Canada With Unpaid Rent Surging
2020-04-27 14:07:00| National Real Estate Investor
Malls and main-street shops, bastions of community commerce, were already under pressure after two years of weak retail sales, rising property taxes and the shift to e-commerce.
Naked Wines offers US$5m to wine companies hit by COVID-19 impact
2020-04-24 15:16:00| Daily beverage news and comment - from just-drinks.com
Naked Wines has turned the table on the drinks industry, with the online retailer offering financial support to wine producers struggling due to the coronavirus pandemic.
Tags: offers
companies
hit
impact
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