January 9, 2015 8:55 am
The largest apparel retailer in Asia, Fast Retailing Co. Ltd, announced today that its profit soared by 64% due to increased sales of its Uniqlo casual-wear brand in Japan and overseas. In addition, returns further increased due to the weak performance of the yen. The Chief Financial Officer of the company, Takeshi Okazaki, said in […]
Read moreJanuary 8, 2015 3:41 pm
Discount retailer Family Dollar Stores Inc announced a nearly 50% decline in earnings for the recent quarter, weeks before a shareholders vote on a takeover deal. Net income dropped to $41.4 million in the first quarter of financial 2015, compared to the $78 million reported a year ago. Earnings per share stood at $0.36 in […]
Read moreJanuary 8, 2015 1:42 pm
Marks & Spencer Group Plc, UKs biggest clothing retailer by sales, reported worse than expected holiday results, citing online delivery problems. London-based M&S reported a 5.8% decrease in like-for-like sales in its general merchandise unit, including clothing and other non-food products, during the 13 weeks through December 27. The results largely differ from the 3% […]
Read moreJanuary 8, 2015 1:09 pm
T-Mobile US Inc., currently the fourth-largest wireless carrier in the U.S., revealed in a filing today that it managed to add 1.3 million branded postpaid customers during the fourth fiscal quarter. This exceeded the companys own forecast for subscriber growth almost twice. The rapid customer growth comes at turbulent times of price cuts and new […]
Read moreJanuary 8, 2015 10:54 am
Britains largest supermarket chain Tesco Plc said it will dispose of loss-making stores, reduce product prices, sell assets and cut costs in an attempt to turn around its troubled business. The company reported like-for-like sales drop of 2.9% in the 19 weeks to January 3, including a 0.3% fall during the six weeks Christmas period. […]
Read moreJanuary 8, 2015 10:22 am
Google Inc.s share in the Internet search market in the U.S. was reported to have declined in December 2014. This drop is considered as the largest in six years. According to a report of the analytics firm StatCounter, the search traffic of the U.S.-based company in its home market, excluding mobile devices, declined from 79.3% […]
Read moreJanuary 8, 2015 10:20 am
The biggest smartphone manufacturer by shipments in the world – Samsung Electronics Co. – said that profit fell for a fifth consecutive quarter over the last three months of 2014 amid intensifying competition in the face of Apple and Xiaomi, despite strong sales of its premium Galaxy Note 4 phablet. According to the South Korean […]
Read moreJanuary 7, 2015 3:38 pm
J. Sainsbury Plc reported better-than-expected holiday results, but still continued to lose market share to discounters as the British retailer stated a 1.7% decline in sales. Despite marking one of its worst holiday performances, Sainsbury still reported results above analysts expectations of 2.5% to 4.4% drop in same-store sales during the 14 weeks to 3 […]
Read moreJanuary 7, 2015 2:15 pm
The Motorola brand is to be brought back to China by its owner Lenovo Group Ltd during the first quarter. The move comes as part of the companys strategy to re-establish the brand in the country after more than two-year-long absence. The brand was withdrawn from the country by its previous owner Google Inc. in […]
Read moreJanuary 7, 2015 1:42 pm
Audio-equipment maker Monster launched a lawsuit against Apple-owned Beats Electronics and the Taiwanese smartphone manufacturer HTC over alleged “fraud and deceit”. Monster and Beats teamed-up in 2008 and developed the “Beats by Dr. Dre” brand, a line of high-priced, high-tech audio devices. The Beats products have enjoyed high demand from teenagers and celebrities ever since. […]
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