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Tapestry outlines steps to navigate financial hit of Covid-19

2020-03-26 13:48:00| Daily apparel & textile news and comment - from just-style.com

Coach-owner Tapestry Inc is taking a series of steps to preserve cash and maintain ample liquidity as the coronavirus outbreak continues to impact its global operation.

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Facebook reports jump in messaging, softer ad revenues in countries hit by Covid-19

2020-03-25 08:45:00| Telecompaper Headlines

(Telecompaper) Facebook said it's seen an increase in usage of its services during the coronavirus crisis, especially in hard-hit countries such as Italy. However, the increase is mainly in messaging, a service it does not monetise, while ad revenues on the social network have softened due to the slowdown in economic activity. 

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UK clothing and footwear sales to be hardest hit by Covid-19

2020-03-24 11:56:00| Daily apparel & textile news and comment - from just-style.com

Clothing and footwear is the UK retail sector likely to be worst hit by the coronavirus (Covid-19) this year, with spending expected to decline by one-fifth, according to preliminary forecasts.

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N Brown Group anticipates FY profit hit

2020-03-23 18:57:00| Daily apparel & textile news and comment - from just-style.com

UK digital clothing and footwear retailer N Brown Group has warned it is anticipating "a material reduction in demand" for the remainder of the financial year on the back of the coronavirus outbreak.

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Britvic banks on soft drinks resilience, prepares for coronavirus sales hit

2020-03-23 14:54:00| Daily beverage news and comment - from just-drinks.com

Britvic is preparing itself for a "material impact" to its sales and profits this year, as measures to curb COVID-19 take hold in all of its markets.

Tags: sales hit soft banks

 

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