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US: Gap posts flat comparable store sales in December

2014-01-10 13:11:00| Daily apparel & textile news and comment - from just-style.com

Clothing giant Gap Inc has reported flat comparable store sales for the month of December, dampened by lower demand at Old Navy.

Tags: december sales store posts

Intel targets mobile growth, flat sales expected in 2014

2013-11-22 10:15:00| Telecompaper Headlines

(Telecompaper) Intel has forecast flat sales in 2014, as the chipmaker struggles to grow in the mobile market in order to offset the slowdown in PCs. At an investor meeting, CFO Stacy Smith said the PC market, measured in units, is expected to be down in the "low single-digit" percent next year still. The company expects its gross margin to remain in its target range of 55-65 percent, and capital spending in 2014 will be little changed from 2013 at around USD 11 billion, Bloomberg reported. Investments aimed at enabling customers to convert to Intel chips in tablets will hurt total profitability, the CFO said. CEO Brian Krzanich said the company needs to speed up the delivery of new products for mobile devices. In the tablet market, the company plans to ship more than 40 million tablet chips, representing about 15 percent of the tablet market, up from 10 million in 2013, the Financial Times reported from the meeting. Krzanich unveiled plans for a new chip, known as SoFIA, aimed at low-end tablets. As Intel invests in capacity to make the new mobile products, the company is developing plans to share some of its manufacturing facilities with other producers. William Holt, head of technology and manufacturing, said the company is opening up foundry capacity to compete with groups such as TSMC and GlobalFoundries.

Tags: sales mobile expected growth

Vivendi reports flat sales, lower profit in Q3

2013-11-15 08:59:00| Telecompaper Headlines

(Telecompaper) French media and telecom group Vivendi reported EUR 5.35 billion of revenue in the third quarter, compared to EUR 5.34 billion in the third quarter of 2012. Sales were driven by 18.5 percent growth to EUR 1.16 billion at Universal Music and a 6.8 percent increase to EUR 1.26 billion at Canal Plus, offset by lower sales at its other core operations, French operator SFR and Brazilian operator GVT. Group EBITA decreased 27.9 percent to EUR 587 million from EUR 814 million. Only Universal Music saw EBITA growth, of 36.6 percent to EUR 112 million, while EBITA at SFR declined by 37.8 percent to EUR 334 million. Vivendi's adjusted net profit fell by 14.8 percent to EUR 403 million from EUR 473 million. The group confirmed its annual targets and said it would continue looking at splitting its telecom and media assets.

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Realtors forecast flat sales, rising prices

2013-11-10 18:18:56| Real Estate - Topix.net

Home sales won't rise next year but prices will because there still won't be enough houses for sale to meet demand, the National Association of Realtors predicts.

Tags: sales prices flat rising