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Tag: slump
Global textile orders slump by 40% amid Covid-19
2020-06-22 12:46:00| Daily apparel & textile news and comment - from just-style.com
Global textile orders are down by more than 40% on last year as a result of the coronavirus pandemic, new data shows, with the knitting sector experiencing the worst hit.
Tags: global
orders
textile
amid
Wirecard shares slump over missing 1.9bn
2020-06-18 13:04:20| BBC News | Business | UK Edition
The German payments company says about a quarter of the money on its books might not exist.
Tags: missing
shares
slump
shares slump
Lululemon Q1 profit plummets 70% as sales slump
2020-06-12 12:13:00| Daily apparel & textile news and comment - from just-style.com
Canadian activewear brand Lululemon Athletica has reported a 70% drop in first-quarter profit as sales slumped amid the temporary closures of stores worldwide following the outbreak of coronavirus.
Tags: sales
profit
slump
plummets
Oil Prices Slump as Coronavirus-related Demand Concerns Resurface
2020-06-11 23:30:00| OGI
Brent crude futures fell $3.18, or 7.6%, to settle at $38.55/bbl. U.S. WTI crude fell $3.26, or 8.2%, to settle at $36.34/bbl. Brent and WTI posted their worst daily drops since April 21 and 27, respectively.
Tags: prices
oil
demand
concerns
Subsea 7 to Lay Off 3,000 Following Oil Market Slump
2020-05-28 15:13:35| OGI
The company said it planned to lay off the workers, both contractors and permanent employees, by the end of second-quarter 2021.
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