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Gap same-store sales fall for 13th month in a row in April
2016-05-10 11:36:00| Daily apparel & textile news and comment - from just-style.com
Gap Inc said it must transform at a faster pace as the US clothing giant revealed its thirteenth consecutive month of negative same store sales.
Apple quarterly sales fall 13%, further drop expected in Q2
2016-04-26 23:04:00| Telecompaper Headlines
(Telecompaper) Apple has reported a drop in revenues for its fiscal second quarter to March, as economic weakness in some countries and the slower smartphone market dampens sales of its devices. Quarterly revenues fell 13 percent year-on-year to USD 50.6 billion, at the low end of the company's guidance of USD 50-53 billion. Net income dropped to USD 10.5 billion or USD 1.90 per share from USD 13.6 billion or USD 2.33 per share. Apple shipped 51.19 million iPhones in the three months to March, down 16 percent from a year earlier and 32 percent less than in the December quarter. To appease shareholders, the company announced a 10 percent increase in the quarterly dividend and increased its share buyback authorisation to USD 175 billion from USD 140 billion.
Retail sales fall 1.3% in March
2016-04-21 11:55:41| BBC News | Business | UK Edition
Retail sales volumes fell 1.3% last month compared with February, official figures show, but were 2.7% higher than a year earlier.
Poundland sales fall amid major revamp
2016-04-14 10:02:54| BBC News | Business | UK Edition
Poundland reports a 4.9% fall in like-for-like sales in the six months to 27 March, which it blamed partly on the disruption caused by the takeover of 99p Stores.
U.S. retail sales fall, hurt by weak auto sales
2016-04-14 03:01:28| Auto Dealers - Topix.net
Handbags hang from hooks as an employee adjusts a display at the Lululemon Athletica Inc. Lab store in New York, U.S., on Tuesday, April 5, 2016. Handbags hang from hooks as an employee adjusts a display at the Lululemon Athletica Inc. Lab store in New York, U.S., on Tuesday, April 5, 2016.
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