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Fast Retailing cuts outlook after price cuts hurt Uniqlo profit
2016-04-07 11:05:42| Apparel - Topix.net
Fast Retailing Co Ltd cut its outlook on Thursday after price cuts at its clothing chain Uniqlo hurt quarterly profit, reflecting the weight of chronic deflation that the government is combating with monetary easing and fiscal spending. The retailer built its empire during Japan's decades of deflation with affordable casual wear.
Samsung Q1 profit beats expectations
2016-04-07 08:38:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics said it expects to report first-quarter revenues of KRW 49.0 trillion, up from KRW 47.1 trillion a year ago. Operating profit is expected to improve to KRW 6.6 trillion from KRW 6.0 trillion in Q1 2015. The figures were better than expected. A poll of analysts by Bloomberg predicted operating profit of KRW 5.53 trillion. The company is expected to have benefited from the first month of sales from the flagship Galaxy S7 smartphone, which was launched earlier than its predecessor last year.
Tags: samsung
profit
expectations
beats
Samsung Elec may post 10% jump in quarterly profit; mobile biz likely to see revival
2016-04-07 06:58:26| Semiconductors - Topix.net
Samsung Electronics Co Ltd flagged a 10% jump in quarterly profit on Thursday -- a sign of robust early sales for its new Galaxy S7 smartphones although doubts abound whether momentum can be maintained in the face of new rival offerings. The South Korean tech giant's estimate for first-quarter operating profit handily beat market forecasts and has boosted hopes that its struggling mobile business will post its first annual profit gain in three years, also benefiting from an improved performance for mid-to-low tier devices and cost-cutting efforts.
H&M sales up, profit down, continues shop, online expansion
2016-04-06 11:52:59| Appliances - Topix.net
" Swedish fashion retailer Hennes & Mauritz AB says first-quarter sales grew to 43.7 billion kronor from 40.3 billion kronor as the company continued to expand with new shops and increased online sales. Quarterly net profit dropped to 3.3 billion Swedish kronor from 4.7 billion kronor a year earlier.
Tags: online
shop
sales
profit
Profit warning
2016-04-06 01:16:44| BBC News | Business | UK Edition
Why big business starts to take sustainability seriously
Tags: profit
warning
profit warning
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