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H&M Q1 profit soars but braces for Covid-19 fallout
2020-04-03 13:22:00| Daily apparel & textile news and comment - from just-style.com
Profit at H&M has more than doubled in the first quarter - but the Swedish fashion retailer is bracing itself for the months ahead, with the global Covid-19 pandemic behind a 46% slump in net sales during March.
Tags: profit
braces
fallout
soars
Proximus launch 5G, but issue profit warning after COVID-19 crisis
2020-04-01 02:00:00| Total Telecom industry news
Belgian telecom operator Proximus launched its 5G telecoms services today, the first operator to do so in the country, while also announcing plans to cut its dividend. The incumbent operator said its 5G rollout would have initial coverage in 30 Belgian cities and at the country&rsquo…read more on TotalTele.com »
Tags: issue
profit
warning
launch
Lululemon Q4 profit jumps 36% as uncertainty looms
2020-03-27 10:44:00| Daily apparel & textile news and comment - from just-style.com
Canadian activewear brand Lululemon Athletica has reported a 36.4% jump in fourth-quarter profit as sales grew 20% on last year.
Tags: profit
uncertainty
jumps
looms
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.
Frasers Group warns of coronavirus hit to FY profit
2020-03-20 14:39:00| Daily apparel & textile news and comment - from just-style.com
Frasers Group, formerly known as Sports Direct International, has become the latest to warn on profits amid the fallout from the global Covid-19 pandemic.
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