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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.

Tags: price road hit oil

 

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.

Tags: canada face hit rent

 

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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