Home / Knowledge / News / Apparel/Garments / American clothing & footwear stock prices nosedive

American clothing & footwear stock prices nosedive

19
Mar '20
Pic: Shutterstock
Pic: Shutterstock
Coronavirus cases have been detected in all 50 US states, with death toll crossing 100, apparel and footwear companies across the country are temporarily closing their stores. The virus pandemic has also pulled down stock prices of garment and footwear companies, including major names like Nike, Under Amour, Levi Strauss, Skechers USA and Crocs.

American women's clothing and accessories retailer Chico's FAS saw its share price dropping by a substantial 60.52 per cent on New York Stock Exchange (NYSE) from $3.80 at close on March 2 to $1.50 at close on March 18, 2020. Likewise, share price of clothing retailer Tilly's fell 39.44 per cent to $3.70 on March 18 on NYSE.

Stock price of the Nasdaq-listed shoe manufacturer Crocs too nosedived 59.08 per cent from $26.54 on March 2 to $10.86 on March 18. Stock price of another Nasdaq-listed business Steve Madden, a fashion accessories company, dropped 46.11 per cent to close at $17.63 on March 18.

Multinational corporation Nike too felt the virus heat and its NYSE stock price fell from $92.68 on March 2 to $68.04 on March 18, registering a decline of 26.58 per cent. Share price of another footwear company Skechers USA dropped 38.04 per cent to $20.65 during the period under discussion. Similarly, stock price of footwear and apparel manufacturer Under Armour decreased 40.83 per cent during the period to $7.39.

Levi Strauss & Co, the well-known jeans manufacturer, witnessed a drop of 30.66 per cent in its share price, which fell to $12.39 on NYSE.

Click here to view stock price comparison in tabular form

Fibre2Fashion News Desk (RKS)


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Mar 2020

Worldwide lockdowns, stimulus shots, raised PPE production

The global response this week to the unfolding COVID-19 crisis saw...

Pic: Shutterstock

Apparel/Garments | On 28th Mar 2020

Vietnam may outdo Bangladesh as 2nd largest RMG exporter

Though Bangladesh is now the second-largest garment exporter...

Pic: Shutterstock

Textiles | On 28th Mar 2020

Morgan Stanley rules out economic depression

With COVID-19 badly damaging the global economy, Morgan Stanley...

Interviews View All

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Textile Industry, Head honchos

Textile Industry
Head honchos

Industry could be looking at 10%-15% job losses

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Zennure Danisman,

Zennure Danisman

Since its inception in 1953, Orta Anadolu has been weaving a denim...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


March 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search