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Tag: warns
H&M warns of Q2 loss as sales more than halve
2020-05-07 13:37:00| Daily apparel & textile news and comment - from just-style.com
Swedish clothing brand H&M says its sales have fallen 57% between 1 March and 6 May compared with the same period a year earlier and warns its second-quarter will be "loss-making".
Bank of England warns of deepest recession on record
2020-05-07 09:54:26| BBC News | Business | UK Edition
The economy is on course to shrink 14% this year with a huge hit to jobs and incomes.
Qatar Airways warns of 'substantial' job losses
2020-05-06 08:46:25| BBC News | Business | UK Edition
State-owned Qatar Airway plans significant staff cutbacks as it deals with the coronavirus downturn.
Tags: job
substantial
losses
qatar
Sainsbury's warns of GBP500m profit hit as clothing sales slump
2020-04-30 12:37:00| Daily apparel & textile news and comment - from just-style.com
UK supermarket retailer Sainsbury's has warned of a GBP500m (US$624m) profit hit for its next financial year as significant costs related to safety measures amid the Covid-19 pandemic and lower clothing sales take their toll.
Tags: sales
hit
clothing
profit
Tesla warns on shutdown as Musk calls for end to lockdown
2020-04-30 01:38:08| BBC News | Business | UK Edition
The electric car company said forced shutdowns and limits on deliveries had clouded its forecast.
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