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Lenzing Q1 profit tumbles 58.6%

2020-05-06 18:36:00| Daily apparel & textile news and comment - from just-style.com

Austrian cellulosic fibre producer�Lenzing has reported a drop in both profit and revenue in the first�quarter of 2020 as the firm continues to be plagued by lower selling prices for standard viscose amid the impact of Covid-19.

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Exxon Mobil, Chevron Slam Brakes on Shale as Oil Demand Tumbles

2020-05-01 18:07:12| OGI

Both companies on May 1 outlined deep cuts in output and investments in the Permian shale basin.

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Shoe Zone laments business rates burden as FY profit tumbles

2020-01-08 11:12:00| Daily apparel & textile news and comment - from just-style.com

Shares in Shoe Zone were down by more than 3% this morning (8 January) as full-year profit at the UK value footwear retailer was knocked by what CEO Anthony Smith called the "increasing financial burden" placed on High Street businesses.�

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