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UK: Clothing and footwear sales fall in May says CBI

2013-05-29 16:09:00| Daily apparel & textile news and comment - from just-style.com

UK clothing and footwear sales fell during May, according to the results of the latest survey released by the Confederation of British Industry (CBI).

Tags: sales fall says clothing

Telecom Italia net profit down sharply, sales fall 8% in Q1

2013-05-09 09:34:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported first-quarter revenues down 8.1 percent year-on-year to EUR 6.796 billion. Domestic revenues fell 10.1 percent to EUR 4.024 billion, and revenues from Brazil and Argentina were dampened by negative currency effects. EBITDA declined 10.1 percent to EUR 2.672 billion, and the margin dropped to 39.3 percent from 40.2 a year ago, hurt by a larger share of business from South America, where margins are lower, and higher smartphone sales. Net profit dropped to EUR 364 million from EUR 605 million in the year-earlier period. Capex fell slightly to EUR 878 million, and operating cash flow plunged to EUR 137 million from EUR 626 million a year ago, hurt by accumulated payments for the previous quarter. This led to an increase in adjusted net debt to EUR 28.77 billion from EUR 28.27 billion at the end of December. The operator still targets debt of less than EUR 27 billion by year-end, as well as flat revenues and a low-single digit percentage drop in EBITDA this year. In addition, the company approved the partial spin-off of its carrier services division Telecom Italia Sparkle, expected to be completed by the third quarter.

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Eurozone retail sales fall in March

2013-05-06 14:50:01| BBC News | Business | UK Edition

Retail sales in the eurozone fall for the second month in a row in March, according to the European Union's statistics office Eurostat

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Safeway first-quarter sales fall short, stock plummets

2013-04-25 20:47:19| Grocery - Topix.net

The company announced sales of less than $10 billion for the first three months of 2013, which was below analyst projections of $10.14 billion and a slight dip from a year ago.

Tags: short sales stock fall