Lovisa's (ASX:LOV) China hub to return to normal levels are coronavirus delays - Sequoia Direct Pty Ltd

19MarMarch 19, 2020

Lovisa’s (ASX:LOV) China hub to return to normal levels are coronavirus delays

Accessories company Lovisa (ASX:LOV) says their suppliers and our distribution hub in China have begun to return to normal levels, however they continue to experience delays in freight movements out of China.

Meanwhile all of their stores in France and Spain have been closed since Sunday 14th March, with stores in Spain expected to remain closed until at least the end of the month.

Stores in France are currently expected to remain closed until the middle of April, both as a result of a government imposed shut-down.

All of their stores in Malaysia have been closed since Wednesday 18th March and are expected to remain closed until at least the end of the month.

As at today they currently have 25 stores closed or closing across the USA as a result of local government directives for shopping malls to close which are expected to remain closed until at least early April.

Shares in Lovisa (ASX:LOV) closed 25.21 per cent lower at $4.36 yesterday.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

04MayMay 4, 2020

Transurban (ASX:TCL) reports 44% traffic decline

04 May 2020 - Transurban (ASX:TCL) has confirmed COVID-19 traffic impacts were observable from early March.

30JulJuly 30, 2020

Centuria Capital Group (ASX:CNI) announce board changes

30 Jul 2020 - Centuria Capital Group (ASX:CNI) has announced the appointment of Natalie Collins to the Boards of Centuria Property Funds No. 2, Centuria Life and Over Fifty Guardian Friendly.

31MayMay 31, 2023

Stocks of the Hour: TerraCom, Wildcat Resources, EcoGraf

31 May 2023 - A snapshot of the stocks on the move featuring TerraCom (ASX:TER), Wildcat Resources (ASX:WC8) and EcoGraf (ASX:EGR).

23AprApril 23, 2020

Electro Optic Systems (ASX:EOS) awarded NATO navies contract

23 Apr 2020 - Electro Optic Systems (ASX:EOS) Brisbane-based subsidiary, EM Solutions, has won $14 million of orders from four navies for its Cobra maritime satellite terminals.

13MarMarch 13, 2020

Fluence Corporation (ASX:FLC) sells Aspiral for China Rail in Inner Monogolia

13 Mar 2020 - Fluence Corporation (ASX:FLC) is pleased to announce that it has entered into a new province with an Aspiral sale to Beijing China Railway Science New Technology Co.

30MayMay 30, 2022

Stocks of the Hour: Telix Pharmaceuticals, Australian Unity Office Fund & Yancoal

30 May 2022 - A snapshot of the stocks on the move featuring Telix Pharmaceuticals (ASX:TLX), Australian Unity Office Fund (ASX:AOF) & Yancoal (ASX:YAL).

05AugAugust 5, 2020

Helloworld Travel (ASX:HLO) raises $50K in entitlement offer

05 Aug 2020 - Helloworld Travel (ASX:HLO) has completed the retail component of its entitlement offer, raising a total of approximately $50 million, after the entitlement offer raised $41.6 million.

10SepSeptember 10, 2020

PPK (ASX:PPK) reports Deakin Uni BNNT’s found to be of highest purity

10 Sep 2020 - Deakin University, PPK’s (ASX:PPK) joint venture partner, reports a new study has revealed that Boron Nitride Nanotubes produced by BNNT Technology have the highest purity among commercial products in the world.

02JanJanuary 2, 2020

Fluence (ASX:FLC) signals delay in revenue recognition

02 Jan 2019 - Wastewater treatment company, Fluence Corporation (ASX:FLC) has signalled a delay in the recognition of US$20 million revenue.

31JulJuly 31, 2020

Clean TeQ (ASX:CLQ) $180m write-down expected for FY2020

31 Jul 2020 - Clean TeQ (ASX:CLQ) will recognise a non-cash write-down of approximately $180 million in its FY2020 results for its Sunrise Project and project-related assets.