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Tag: falls

Harveys falls into administration with loss of 240 jobs | Business

The coronavirus lockdown has prompted some of the UK’s most prominent companies to announce large-scale job losses. The aviation, automotive and retail sectors have been among the worst hit, as businesses adjust to dramatically reduced revenue projections. While the government’s job retention scheme has so far protected millions of jobs, fears are mounting that unemployment …

Harveys falls into administration with loss of 240 jobs | BusinessRead More

Consumer confidence falls to historic low | News

Deloitte’s analysis is based on responses of more than 3,000 UK consumers between 20 and 24 March 2020, as the UK’s lockdown measures came into force.  Of all the categories measured, confidence in job security saw the biggest quarterly decline, falling by 15 percentage points to -20. Deloitte said this indicates that UK consumers are increasingly worried …

Consumer confidence falls to historic low | NewsRead More

Domino’s stock falls after pizza chain’s same-store sales disappoint

Javanshir Hajizada gets ready for a bicycle delivery for Domino’s Pizza, which is hiring drivers, on March 25, 2020 in Boston. David L. Ryan | Boston Globe | Getty Images While the restaurant industry sees sales plunge, pizza chains Papa John’s and Domino’s Pizza are expecting positive same-store sales growth during the first quarter. Analysts have …

Domino’s stock falls after pizza chain’s same-store sales disappointRead More

Boston Beer’s Jim Koch defends hard seltzer investment as stock falls

Boston Beer Company co-founder Jim Koch defended its heavy investment in hard seltzer Thursday as shares fell after weak guidance and a per-share earnings miss. “Sometimes growth, it’s not cheap, particularly in something capital-intensive like beer,” Koch said on “Closing Bell.“ Hard seltzer, in particular, demands significant investment because “it’s the biggest thing that’s come …

Boston Beer’s Jim Koch defends hard seltzer investment as stock fallsRead More

Inflation falls to three-year low on back of high street discounting | Business

UK inflation has dropped to the lowest level for more than three years, fuelled by struggling retailers offering a wider range of discounts in December. Raising pressure on the Bank of England to cut interest rates, the annual rate on the consumer price index (CPI) dipped to 1.3% in December from 1.5% in November, the …

Inflation falls to three-year low on back of high street discounting | BusinessRead More

Victoria Secret’s parent stock falls on weak holiday sales

Pedestrians walk past a Victoria’s Secret store, a subsidiary of L Brands, in New York. Craig Warga | Bloomberg | Getty Images L Brands on Thursday reported shrinking holiday sales, leading the retailer to cut its earnings outlook for fiscal 2019. Shares of the company fell more than 4% in premarket trading. Victoria’s Secret’s parent …

Victoria Secret’s parent stock falls on weak holiday salesRead More

HS2 costs head north just as its value falls south | Business

Once upon a time, the HS2 high-speed railway was meant to cost £34bn in its entirety. In 2012, that became £42bn. Then £56bn was the magic number in 2015. Now we’re up to £88bn and a review panel says further increases are likely. So what does the same panel recommend? Astonishingly, it says HS2 should …

HS2 costs head north just as its value falls south | BusinessRead More

Amazon Q3 profit falls and misses Street

Heavy investments in Prime’s one-day delivery roll-out and other initiatives, including its cloud business, took a toll on Amazon’s profit in the third quarter.  Net profit fell to $2.1 billion, or $4.23 per diluted share, in the quarter ended Sept. 30, compared with net income of $2.9 billion, or $5.75 per diluted share, in the …

Amazon Q3 profit falls and misses StreetRead More

A Barneys liquidation grows more likely as rival deal falls flat

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images A deal led by retail investor Sam Ben-Avraham to buy Barneys New York out of bankruptcy fell flat in court Thursday, making the …

A Barneys liquidation grows more likely as rival deal falls flatRead More

Indiamart Q2 profit falls 55% to Rs 9 crore, Retail News, ET Retail

B2B e-commerce company Indiamart Intermesh on Tuesday posted 55 per cent decline in consolidated net profit at Rs 9 crore for the September quarter, mainly on account of change in tax rate and regulations. The company had posted a profit of Rs 20 crore during the same period of 2018-19. “Tax expense for the quarter …

Indiamart Q2 profit falls 55% to Rs 9 crore, Retail News, ET RetailRead More