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Tag: warns

Intu warns it could go bust after reporting £2bn loss | Business

Intu Properties, the owner of shopping malls including the Trafford Centre in Manchester and Lakeside in Essex, has warned it risks going under if it is unable to raise further funds. The struggling shopping centre giant posted a loss of £2bn for 2019, up from £1.17bn the year before. A spate of retailer administrations and …

Intu warns it could go bust after reporting £2bn loss | BusinessRead More

Alibaba’s AliExpress warns of possible coronavirus delays, Retail News, ET Retail

By : Sonya Dowsett MADRID : AliExpress, the global e-commerce platform of Chinese online shopping giant Alibaba , warned customers on Tuesday that there may be some delivery delays due to the coronavirus outbreak. AliExpress is one of the most downloaded shopping apps globally, part of a growing e-commerce trend in which consumers worldwide buy …

Alibaba’s AliExpress warns of possible coronavirus delays, Retail News, ET RetailRead More

Alibaba warns of drop in e-commerce revenues due to coronavirus, Retail News, ET Retail

By Akanksha Rana and Josh Horwitz Alibaba Group Holding Ltd warned of a drop in revenues at its key e-commerce businesses this quarter as the coronavirus sweeping China hits supply chains and deliveries. The warning from executives came during an earnings call for the quarter ending in December 2019, during which the company beat analyst …

Alibaba warns of drop in e-commerce revenues due to coronavirus, Retail News, ET RetailRead More

Fiat warns coronavirus could force closure of European plant | Business

Fiat Chrysler has warned it could close a plant in Europe as the coronavirus outbreak wreaks havoc on a rapidly expanding list of global companies. The carmaker, one of Europe’s largest, joined Virgin Atlantic and Nintendo in adding its name to the list of affected companies on Thursday. Fiat said it could be forced to …

Fiat warns coronavirus could force closure of European plant | BusinessRead 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

John Lewis boss quits as chain warns it may ditch bonus | Business

John Lewis has warned it could ditch the annual bonus to its 81,000 employees as it revealed another big fall in profits and the departure of its department store boss. Paula Nickolds, who has been at the partnership for 25 years, is stepping down by mutual agreement next month before a previously announced management restructure. …

John Lewis boss quits as chain warns it may ditch bonus | BusinessRead More

Superdry warns of tough Christmas amid accounting error | Business

Superdry has warned of a difficult Christmas for retailers as the fashion chain fell into the red and confessed to a near-£4m accounting error. The company flagged an “isolated error totalling £3.9m” related to stock handling costs as it reported a first-half loss of £4.2m, down from a £26.4m profit a year ago. Sales slumped …

Superdry warns of tough Christmas amid accounting error | BusinessRead More

Quiz warns of store closures after retailer’s high street sales slump | Business

The fashion brand Quiz has made a £6.8m loss after sales fell across its high street store chain and concessions, forcing the retailer to warn of further store closures. Quiz, which operates 246 UK stores and concessions, reported a year-on-year sales slump of 11% across its UK retail estate in the six months to the …

Quiz warns of store closures after retailer’s high street sales slump | BusinessRead More

Ted Baker shares fall after it warns of £25m balance sheet error | Business

The struggling fashion chain Ted Baker has warned that it overestimated the value of its stock and appointed a law firm to carry out a comprehensive review. The retailer, which has a new finance director, estimates that the value of the inventory held on its balance sheet has been overstated by £20m to £25m, based …

Ted Baker shares fall after it warns of £25m balance sheet error | BusinessRead More

CBD might not be safe despite flood of products, FDA warns consumers

A matcha shop that offers drinks with drops of CBD oil. Angelica Lavito | CNBC CBD might not be as safe as the companies selling it say it is, the Food and Drug Administration is warning consumers. The cannabis compound has been widely touted as a harmless way to treat a slew of ailments, such …

CBD might not be safe despite flood of products, FDA warns consumersRead More