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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.

Tags: hit purchases pause pledge


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.

Tags: start job hit workers


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.

Tags: members hit fitness clubs


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.

Tags: plan cost hit supply


Coronavirus: UK property sales hit record low in April

2020-05-21 11:26:51| BBC News | Business | UK Edition

New data from HMRC revealed 38,060 deals involving residential homes last month.

Tags: april low sales property


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