Home / Knowledge / News / Textiles / Textile stock prices tumble across geographies

Textile stock prices tumble across geographies

18
Mar '20
Pic: Shutterstock
Pic: Shutterstock
Share prices of textile-apparel companies in the US, India, Europe and Hong Kong have fallen in double digit percentage during the fortnight from March 2 to March 17. The sharp drop in prices is due to the impact of the current novel coronavirus crisis that has resulted in disruption of supply chain along with a decline in demand as consumers stay indoors.
 
Shares of global advanced textiles and materials processing company Albany International Corp, listed on Nasdaq, were traded at $67.25 at close on March 2, 2020. The price dropped sharply by 44.62 per cent to $37.24 at close on March 17.
 
German footwear and apparel company Adidas' share price decreased 30.75 per cent to $95.20 on March 17 from $137.49 on March 2 on the OTC stock exchange. Indian conglomerate Reliance Industries Ltd also saw its share price falling on the Bombay Stock Exchange (BSE) from ₹1314.85 to ₹1008.9, i.e. a decline of 23.27 per cent during the March 2-17 fortnight.
 
Share price of Aeffe SpA, an Italy-based company engaged in the fashion and luxury goods sector, dropped 39 per cent during the fortnight from €1.28 to €0.78 on the Milan stock exchange. Brunello Cucinelli, another Italian luxury fashion brand which sells menswear, womenswear and accessories, reported that its share price dropped 13.25 per cent during the period.
 
Share price of Anta Sports Products Limited, listed on the Hong Kong Stock Exchange, was down 19.28 per cent from HK $64.3 to HK $51.9 during the said fortnight. American clothing and home decor retailer Lands' End's share price on Nasdaq declined 21.78 per cent from $9.32 on March 2 to $7.29 on March 17.
 
Click here to see change in share price of various companies

Fibre2Fashion News Desk (RKS)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 5th Apr 2020

Buyers, suppliers need to find midway: Apparel exporters

Apparel manufacturers and exporters in India feel that they should...

Pic: Shutterstock

Textiles | On 4th Apr 2020

Textile-garment, retail sectors bear enduring pandemic

Extended store closures, many factories halting operations due to...

Pic: Kristi Blokhin / Shutterstock.com

Textiles | On 4th Apr 2020

World Bank Group launches 1st operations for COVID-19

The World Bank’s board of executive directors yesterday approved a...

Interviews View All

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Textile industry, Head honchos

Textile industry
Head honchos

Athleisure is the current buzzword in fashion

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Mehul Vithalani,

Mehul Vithalani

Gopi Knitts is one of the most celebrated manufacturers and suppliers of...

Yogesh Kanani,

Yogesh Kanani

Incorporated in 1999, Purani Textiless Private Limited is a leading...

Madhu Sudhan Bhageria,

Madhu Sudhan Bhageria

Incorporated in August 1990, Filatex India Ltd manufactures manmade...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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