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Keurig cuts 2015 forecast amid slower sales

2015-05-07 00:27:08| Food - Topix.net

Keurig Green Mountain Inc cut its full-year sales and profit forecasts as the company struggles to convince consumers to take up its new Keurig 2.0 brewing system, sending its shares sharply lower in extended trading. Sales of Keurig's brewers have slowed in the past two quarters due to high prices of the 2.0 brewing system, poor initial reviews and confusion over whether the new machine could still brew certain brands.

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Whole Foods planning new store concept gear toward millennials after sales disappoint

2015-05-06 23:39:02| Grocery - Topix.net

Whole Foods is planning a new store concept geared toward millennials as it faces intensifying competition from traditional supermarkets and big box retailers muscling into organic and natural products. The company said Wednesday it's building a team to focus exclusively on the concept, and that it's already negotiating leases and plans to start opening stores next year.

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SIM sales soar as Myanmar races to catch up in telecoms

2015-05-06 18:42:57| Telecom - Topix.net

Myanmar, long one of the world's least connected nations in terms of telecommunications, is now racing to catch up, providing a boost to the foreign mobile companies allowed into the country last year. The number of mobile phone SIM cards in the south-east Asian country of 51 million people has shot up to more than 18 million from around one million just three years ago, according to data compiled by Reuters.

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Hugo Boss Q1 profit dips despite sales rise

2015-05-06 13:41:00| Daily apparel & textile news and comment - from just-style.com

Fashion business Hugo Boss recorded reduced net profit for the first quarter of 2015, despite revenue increases in all of its main regions.

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Weyco achieves "record" Q1 sales

2015-05-06 12:03:10| Daily apparel & textile news and comment - from just-style.com

US footwear business Weyco Group has achieved what it says are record first-quarter sales and an increase in earnings of 13%.

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