Brand share prices hammered by COVID-19

LONDON – Shares prices of the world’s leading apparel brands have plummeted over the past month amid stores closures and supply chain disruption caused by COVID-19. Apparel Insider looked at shares in the ten of the world’s largest and best-known brands, including H&M, Inditex (owner of Zara), Nike and Primark and found that over the past 30 days, share prices of brands analysed had fallen by 38 per cent on average. The falls come at a time when stores by brands are being closed all over the world. In Spain, for example, Inditex has closed every one of its stores, with huge ramifications for its suppliers, who have been told to put orders on hold indefinitely.