Inditex, the owner of brands including Zara and Bershka, has recorded a EUR287m (US$316m) inventory charge on the back of the coronavirus (Covid-19) outbreak which it says has hit its sales in the first two weeks of March.
H&M has reported a rise in first-quarter sales despite a negative impact in the second half from the coronavirus (Covid-19) outbreak, which is taking a toll on the group's sales this month, mainly in Europe where a raft of stores across the region are temporarily closed.
Techtextil North America and Texprocess Americas is the latest event in the garment and textile industry calendar to be postponed as a result of the worldwide spread of Covid-19. See below for other exhibitions and conferences that have been forced to change their plans.
Small and medium-sized enterprises (SMEs) in Myanmar's garment sector are feeling the impact of the coronavirus outbreak as a result of raw material shortages but concern over a fall in orders is now spreading across the sector as the US teeters on the brink of recession.
A raft of apparel and footwear brands and retailers are temporarily closing stores and rolling out reduced opening hours across the globe as part of efforts to help limit the spread of the coronavirus (Covid-19). Among the companies closing retail locations are VF Corp, Nike, and Gap, Inc.
Since the coronavirus (Covid-19) outbreak began in China at the end of 2019, its impact has been felt across the global apparel and textile sector. just-style's timeline shows how the pandemic is evolving - and will be updated as developments unfold.