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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.
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.
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.
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