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Primark's dominance under threat by Covid-19 - What the analysts say
2020-04-21 15:47:00| Daily apparel & textile news and comment - from just-style.com
Value fashion retailer Primark has reported revenue of GBP3.7bn (US$4.5bn) for the first half, representing a 3.9% uptick in constant currency and a 2.2% rise at actual exchange rates. But while its performance in the 24 weeks to 29 February demonstrates "impressive" sales growth, one analyst notes the outbreak of Covid-19 will drastically impact its performance for the rest of the financial year and is likely to give Primark reason to rethink its bricks-and-mortar only strategy for the future.
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There's no playbook for navigating a pandemic - "How we act now will show the world what we stand for"
2020-04-09 16:33:00| Daily apparel & textile news and comment - from just-style.com
While there are there are no playbooks to guide the apparel industry through the coronavirus crisis and beyond, Edwin Keh, CEO of the Hong Kong Research Institute of Textiles and Apparel (HKRITA), believes two things are clear: the entire supply chain must work as an ecosystem to survive intact, and it should use the crisis as an opportunity to reset for the future.
Asos in "better position" over peers to weather virus storm - What the analysts say
2020-04-08 14:01:00| Daily apparel & textile news and comment - from just-style.com
UK online fashion retailer Asos has posted a 653% jump in first-half profits to GBP30.1m (US$37.2m) and a 21% jump in revenues to GBP1.6bn for the six months ending 29 February. But the impact of coronavirus and the related containment actions that have been taken are starting to weigh on its numbers, with a 20-25% drop in sales over the last three weeks alone. The retailer has taken a series of steps to future-proof its business including a share sale and the appointment of a new chief strategy officer.
Do you make the most from what you manage?
2020-04-02 17:14:00| Beef
Using Return on Assets can help you find and improve areas of efficiency and profitability on your operation.
COVID-19: Our kids are watching our response. What are they learning?
2020-04-01 21:01:00| Beef
As we practice social distancing, while also working remotely and homeschooling our kids, our response to the stress and anxiety of COVID-19 is critical.