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Covid store closures weigh on Primark's FY profit

2020-11-03 12:47:00| Daily apparel & textile news and comment - from just-style.com

Primark has booked a 62% fall in annual profits on the back of lost sales from store closures related to the coronavirus pandemic.

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Europe Prepares New Virus Curbs as Leaders Weigh Hit to Economy

2020-10-12 13:36:00| National Real Estate Investor

Leaders in European countries are urging pandemic-weary citizens to toe the line.

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Worker shortages continue to weigh on India clothing sector

2020-09-01 18:48:00| Daily apparel & textile news and comment - from just-style.com

Indian apparel exporters continue to face severe labour shortages, limiting the orders they can accept and undermining the quality of their work - even though the country's five months-long Covid-19 related lockdown has largely been lifted. 

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Price pressures weigh on Lenzing H1 revenues

2020-08-06 13:44:00| Daily apparel & textile news and comment - from just-style.com

Austrian cellulosic fibre producer Lenzing has seen increased price pressure on textile fibres across its range as a result of the pandemic which weighed on sales and earnings in its first-half.

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Covid-19 to weigh on cotton prices into 2020/21 season

2020-08-04 12:08:00| Daily apparel & textile news and comment - from just-style.com

Global cotton consumption in 2019/20 is set to suffer a 12% decline as demand plummets due to the Covid-19 pandemic, with the crisis expected to weigh on cotton prices into the 2020/21 season.

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