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Fast Retailing sees slower growth on Uniqlo US losses

2015-10-08 17:26:00| Daily apparel & textile news and comment - from just-style.com

Fast Retailing, the Japanese parent company of fast fashion retailer Uniqlo, has forecast profit growth below analyst expectations for its next fiscal year amid losses at is Uniqlo and J Brand US businesses last year.

Tags: fast growth losses sees

H&M sees strong growth, market share increase

2015-09-24 15:17:43| Appliances - Topix.net

Swedish fashion retailer Hennes & Mauritz AB says third-quarter sales grew nearly 20 percent as the company grabbed more market share, with plans for further expansion. Net profit remained flat at 5.30 billion kronor largely because of increased costs caused by a strong dollar, while revenue surged to 46 billion kronor from 38.8 billion a year earlier.

Tags: share market increase strong

Proximus sees return to growth year earlier than expected

2015-07-31 10:11:00| Telecompaper Headlines

(Telecompaper) Belgian operator Proximus raised its guidance for the full year, after showing underlying growth in second-quarter results. CEO Dominique Leroy said the company was made good progress on its strategic plan presented after she took office last year and would achieve its ambition to return to growth a year earlier than initially projected. For this year, the operator now expects underlying core revenue growth of around 2 percent and underlying group EBITDA growth of 3-5 percent. The company earlier forecast flat to slightly higher revenues and EBITDA in 2015. In the second quarter, it achieved 2.4 percent annual growth in underlying core revenue to EUR 1.094 billion, which excludes its wholesale business BICS, and adjusted EBITDA up 4.3 percent to EUR 450 million.

Tags: year return expected earlier

Drugmaker GSK sees earnings growth returning in 2016

2015-07-29 15:23:07| Biotech - Topix.net

Britain-based drugmaker GlaxoSmithKline has reported a drop in earnings in the first full quarter since its deal to swap some assets with Swiss rival Novartis. Second-quarter net income fell to 149 million pounds from 654 million pounds a year earlier, while sales rose 6 percent to 5.89 billion pounds.

Tags: growth returning sees earnings