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Tag: dents
Outlook for U.S. apparel and footwear industry is weaker as dollar strength dents earnings: Moody's
2015-10-05 16:58:09| Footwear - Topix.net
The outlook for the U.S. apparel and footwear industry has deteriorated thanks to the strong dollar, which is denting earnings and sales, Moody's Investors Service said Monday. "While the hedges taken this year will partially protect margins, the strong US dollar will continue to have negative foreign currency translation effects on the industry's gross profits for the rest of this year," Scott Tuhy, a Moody's senior credit officer said in a statement.
Tags: industry
apparel
strength
dollar
Strong Dollar Dents Tiffany's Quarterly Sales
2015-05-27 14:28:01| Jewelry - Topix.net
Luxury jeweler Tiffany & Co reported a 5 percent fall in quarterly sales as a strong dollar discouraged tourists from spending in its U.S. stores and reduced the value of overseas sales.
Tags: sales
strong
dollar
quarterly
Tough February weather dents auto sales
2015-03-04 05:59:29| Auto Dealers - Topix.net
Last month's harsh weather in the Northeast and Midwest caused many auto shoppers to stay home, pushing sales below forecasts. Jeanne Yurman reports.
Tags: february
auto
sales
weather
Drop in soup sales dents Campbell's profit
2015-02-25 19:09:06| Food - Topix.net
Campbell Soup said Wednesday its quarterly profit tumbled 36 percent as sales of its canned soups and vegetable juice fell. The company, whose brands include V8 juice, Pepperidge Farm cookies and Prego pasta sauces, has been struggling as Americans migrate toward foods they feel are fresher or more wholesome.
New down payment law dents car sales
2015-02-18 02:48:32| Auto Dealers - Topix.net
BEIRUT: The minimum 25 percent down payment imposed by the Central Bank on car loans caused a 6 percent decline in the total number of registered new and used vehicles during January 2015 compared to the same month in 2014, a statement issued by the association of car importers in Lebanon said. "The total number of registered new and imported used cars during January 2015 dropped by 19 percent in comparison with December 2014, 6 percent compared with January 2014 and 8 percent compared with January 2012 and 2013," it said.