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Tag: losses

‘More high street job losses ahead’ as budget cuts small firms’ rates | Business

A fresh round of high street bloodletting is expected after major chains, who are closing stores and shedding jobs, were overlooked by emergency business rates cuts. The government took the step of scrapping bills for small business owners including shops, restaurants and nightclubs in the coming year so their finances would be better able to …

‘More high street job losses ahead’ as budget cuts small firms’ rates | BusinessRead More

As Walmart grows in e-commerce, investors look for a plan to stem the losses

As Walmart’s online sales grow, the retailer has seen another number grow, too: Its e-commerce losses. Analysts are waiting to see whether those losses have peaked or if they’ll continue to rise. The Bentonville, Arkansas-based retailer is spending heavily to compete against Amazon. It’s seen that pay off with significant sales growth, especially in its …

As Walmart grows in e-commerce, investors look for a plan to stem the lossesRead More

Jim Cramer worries about Casper’s big losses in post-WeWork IPO world

CNBC’s Jim Cramer expressed concerns about the fundamentals of Casper Sleep‘s business ahead of the online mattress start-up’s Thursday debut as a publicly traded stock. The company’s shares opened at $14.50, a more than 20% increase from the offering price, before closing at $13.50. “The losses here are staggering” for the business, Cramer said on …

Jim Cramer worries about Casper’s big losses in post-WeWork IPO worldRead More

New John Lewis boss warns staff of store closures and job losses | Business

The new chair of the John Lewis Partnership has warned of potential store closures and job losses as part of a plan to shore up its finances. Sharon White told this week’s private meeting of the employee-owned group’s staff council that it faced making “difficult decisions about stores and about jobs” during what was its …

New John Lewis boss warns staff of store closures and job losses | BusinessRead More

HMV confirms three stores are closing with job losses expected | Business

HMV has warned of possible job losses as it fights to keep open stores across the country in the face of high rents and business rates. Three HMV stores are closing this month, the music retailer confirmed, while a further 10 stores could be axed if new deals with landlords are not secured. The nationwide …

HMV confirms three stores are closing with job losses expected | BusinessRead More

ShopClues narrows losses to Rs 68.58 cr in 2018-19, Retail News, ET Retail

New Delhi: E-commerce platform ShopClues narrowed its losses to Rs 68.58 crore in the year ended March 2019 compared to the previous financial year. The company, which is registered as Clues Network, had registered a loss of Rs 208.14 crore in 2017-18, according to documents sourced by business intelligence platform Tofler. ShopClues’ revenue from operations …

ShopClues narrows losses to Rs 68.58 cr in 2018-19, Retail News, ET RetailRead More

Peloton shares slip, extending two-day losses

A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Peloton extended their two-day losses, trading down as much as 8.9% on Wednesday, following a critical short-seller note …

Peloton shares slip, extending two-day lossesRead More

Sports Direct profits rise as it cuts House of Fraser losses | Business

Sports Direct has said it expects to increase profits by up to 15% this year after reducing losses at House of Fraser. Mike Ashley’s retail empire forecasts profits of up to £390.3m for the year to April 2020 after underlying pretax profits increased 58% to £101.8m in the first half. Losses almost halved to £15.9m …

Sports Direct profits rise as it cuts House of Fraser losses | BusinessRead More

Trump’s China trade war losses will never be recovered, shipping data tells us

A cargo chip (L) arrives into the Port of Los Angeles, the busiest container port in the U.S., after departing from the Port of Yantian, China, on November 7, 2019 in San Pedro, California. Mario Tama | Getty Images President Trump announced a month ago that his administration had clinched a trade deal with China. …

Trump’s China trade war losses will never be recovered, shipping data tells usRead More

Mulberry reports £11m losses despite efforts to win younger customers | Business

Losses at the luxury British brand Mulberry have increased by a third after widespread discounting hit sales in the UK. The handbag maker said pretax losses widened to £11m in the six months to 28 September from £8.2m a year before. Sales in the UK, which account for 65% of the business, fell 4% amid …

Mulberry reports £11m losses despite efforts to win younger customers | BusinessRead More