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Tapestry profits improve on China, e-commerce growth

2020-10-29 13:49:00| Daily apparel & textile news and comment - from just-style.com

Tapestry Inc., the owner of brands including Coach and Kate Spade, saw profits jump in the first quarter of the year despite a sales decline of 14% year-on-year, boosted by strong e-commerce growth and higher sales in China.

Tags: china improve growth profits

 

US growth surged in summer but recovery is slowing

2020-10-29 13:44:24| BBC News | Business | UK Edition

The US economy grew at a record 33% annual rate, but output remains lower than last year.

Tags: is growth summer recovery

 
 

ACEA report finds growth of charging points not keeping pace with rising demand for electric vehicles in Europe

2020-10-29 12:55:38| Green Car Congress

Tags: report points europe growth

 

Veon returns to customer growth in Q3, takes Russia writedown on weak sales

2020-10-29 10:35:00| Telecompaper Headlines

(Telecompaper) Veon reported a return to customer growth in the third quarter, as coronavirus restrictions were gradually lifted in its markets. The decline in organic revenues slowed to 1.3 percent year-on-year, and the company maintained its forecast for a low to mid single-digit decline over the full year. With underlying EBITDA stable in the quarter, the margin improved to 45.1 percent from 44.4 percent a year ago. 

Tags: sales customer returns takes

 

Orange restores dividend as fibre expansion supports Q3 sales growth

2020-10-29 09:45:00| Telecompaper Headlines

(Telecompaper) Orange has confirmed a stable dividend for 2020, after reporting a return to sales growth in the third quarter. Growth in convergent offers and wholesale fibre in France and continued expansion in Africa and the Middle East supported the higher sales in Q3, offsetting the impact of the Covid-19 crisis, which hurt roaming and handset sales. Orange still expects a small drop in EBITDA this year, but a delay in capex means cash flow will be unaffected, supporting its dividend plans. 

Tags: sales growth orange supports

 

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