Textile stocks bounce back on global recovery
February 08, 2021
Covid pandemic triggers demand for towels, bedsheets, pillow covers
Stocks of textile companies focused largely on exports has seen a steady rise in the last few days with the revival in global demand.
Demand from all customers
Home textiles used for furnishing residence, towels, bedsheets, pillow covers and table linens are being bought more often in the US as the fear of Covid pandemic subside with the launch of vaccine.
Moreover, consumers, who are working from home, get more time to spend on the aesthetics of their house and spending more on home textiles.