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Tag: guidance

COVID-19 and Food Safety: Guidance for food businesses

The world is facing an unprecedented threat from the COVID-19 pandemic caused by SARS-CoV-2 virus (refer to other COVID-19 virus). Many countries are following the advice from the Word Health organization (WHO) regarding the introduction of physical distancing measures as one of the ways in which transmission of the disease can be reduced. Click Here …

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Shopify stock down after it suspends 2020 guidance due to coronavirus

Harley Finkelstein, COO, Shopify Scott Mlyn | CNBC Shopify suspended its full year 2020 guidance due to growing disruptions from the coronavirus pandemic, but said it expects first quarter revenue to be in-line with expectations. Shares of Shopify plunged 13% on Thursday morning. “Given the uncertainty surrounding the duration and magnitude of COVID-19, Shopify is suspending …

Shopify stock down after it suspends 2020 guidance due to coronavirusRead More

Tapestry names new CEO for Kate Spade; cuts guidance on coronavirus outbreak

Coach parent Tapestry reported second-quarter earnings and sales that topped analysts’ expectations but warned of headwinds in Asia, including the coronavirus outbreak in China. Tapestry also made several C-suite appointments, including the appointment of Liz Fraser as CEO and president of Kate Spade, effective March 1. She will take over control of the struggling brand …

Tapestry names new CEO for Kate Spade; cuts guidance on coronavirus outbreakRead More

Tapestry names new CEO for Kate Spade; cuts guidance on coronavirus outbreak

Coach parent Tapestry reported second-quarter earnings and sales that topped analysts’ expectations but warned of headwinds in Asia, including the coronavirus outbreak in China. Tapestry also made several C-suite appointments, including the appointment of Liz Fraser as CEO and president of Kate Spade, effective March 1. She will take over control of the struggling brand …

Tapestry names new CEO for Kate Spade; cuts guidance on coronavirus outbreakRead More

L Brands lowers guidance as Victoria’s Secret drags down holiday performance

Get great content like this right in your inbox. Subscribe L Brands’ sales fell in the crucial holiday shopping season amid the ongoing decline of its signature Victoria’s Secret brand.  The company reported net sales of $3.9 billion for the nine weeks ended Jan. 4, 2020, compared to net sales of approximately $4.1 billion in …

L Brands lowers guidance as Victoria’s Secret drags down holiday performanceRead More