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Tag: plunge

Boohoo shareholders demand answers after shares plunge by a third | Business

Shareholders in Boohoo are seeking answers from the company over conditions for workers supplying its garments after the online fashion specialist’s shares plunged more than £1.5bn in two days. The company has lost nearly a third of its value since Friday afternoon after Boohoo said on Monday it was investigating claims that staff at one …

Boohoo shareholders demand answers after shares plunge by a third | BusinessRead More

Walmart makes run to all-time highs amid coronavirus market plunge

A person wears a face mask as a precaution against coronavirus in New York, on March 2, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Walmart shares are emerging as a winner during the chaotic coronavirus crisis.  The big-box retailer, a classic defensive consumer staple stock, is benefiting from the millions of Americans stocking …

Walmart makes run to all-time highs amid coronavirus market plungeRead More

Coca-Cola takes plunge into local language branding

Aiming to double its sales in the next five years, Coca-Cola India has initiated a strategy to take its brands to people in semi-urban and rural markets in local languages for better penetration and began the journey with Bengali. According to a PTI report: Bengali is the pilot project before the beverage MNC decides to …

Coca-Cola takes plunge into local language brandingRead More

Laura Ashley to raid archives as home furnishing sales plunge | Business

Laura Ashley is to revive the “timeless” designs of its late founder in the latest attempt to breathe new life into the struggling British heritage brand. Ashley, who started printing her trademark floral fabrics on her kitchen table, took the high street by storm in the 70s, but the appeal of her frilly world peaked …

Laura Ashley to raid archives as home furnishing sales plunge | BusinessRead More

Beckhams in £38m dividend payout despite profits plunge | Fashion

David and Victoria Beckham’s business empire has paid out £38m to its owners despite a near 90% fall in profits prompted by difficulties at the former Spice Girl’s fashion label. The former England footballer, the fashion entrepreneur and their business partner Simon Fuller paid themselves dividends of $21.5m (£16.7m) and £10.3m in May this year, …

Beckhams in £38m dividend payout despite profits plunge | FashionRead More

Marks & Spencer profits plunge as clothing sales continue to fall | Business

Marks & Spencer has reported a fresh slump in clothing sales as poor levels of availability in its stores were compounded by an out-of-date supply chain. The chief executive, Steve Rowe, blamed the 5.5% decline in like-for-like clothing sales on buying errors that meant popular sizes sold out too quickly. A new design team was …

Marks & Spencer profits plunge as clothing sales continue to fall | BusinessRead More

Marks & Spencer profits plunge as clothing sales continue to fall | Business

Marks & Spencer has reported a fresh slump in clothing sales but insisted it was “making up for lost time” in the run-up to the key Christmas trading period. The chief executive, Steve Rowe, blamed the 5.5% decline in like-for-like clothing sales in the first six months of its financial year on supply chain problems …

Marks & Spencer profits plunge as clothing sales continue to fall | BusinessRead More

Asos profits plunge 68% after tumultuous year of IT chaos | Business

Profits at Asos have plunged by nearly 70% in a tumultuous year during which the former stock market darling’s shares plummeted and the online fashion retailer grappled with IT chaos at its overseas warehouses. Sales rose by 13% to £2.7bn in the year to 31 August, but pretax profits fell by 68% to £33.1m. Major …

Asos profits plunge 68% after tumultuous year of IT chaos | BusinessRead More

Ted Baker shares plunge as it suffers £23m first-half loss | Business

Shares in Ted Baker crashed by more than a third after the fashion retailer dived to its first half-year loss in more than 20 years and issued another warning on its full-year performance. The company said trading in the first half had been worse than expected and the second half had started slowly because of …

Ted Baker shares plunge as it suffers £23m first-half loss | BusinessRead More