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Honda cuts profit target as Takata air bag recalls bite
2015-01-30 09:34:43| Automakers - Topix.net
Japan's Honda Motor Co sliced 6.5 percent off its core annual profit forecast as it set aside hundreds of millions of dollars in extra cash to cover an extended car recall to replace potentially faulty air bags made by Takata Corp. Reporting its third-quarter earnings fell by nearly a quarter as it soaked up recall costs, Japan's third-largest automaker said it now expects an operating profit of 720 billion yen for the year to March 31. It previously forecast 770 billion yen, but has set aside an extra 50 billion yen to cover what it said were quality-related costs including the Takata air bag recalls.
Honda cuts profit forecast on recall
2015-01-30 09:14:04| BBC News | Business | UK Edition
Japanese carmaker Honda cuts its profit forecast and sees third quarter earnings drop sharply following a vehicle recall linked to airbags.
Tags: profit
honda
recall
cuts
Gap cuts design chief job as sales slowdown continues
2015-01-30 02:10:25| Apparel - Topix.net
Gap Inc said on Thursday it has eliminated the role of creative director Rebekka Bay, the latest in a slew of changes in strategy as the apparel retailer attempts to revive sagging sales. Last week, the company announced plans to shut down its Piperlime brand, which sold designer shoes and clothing, by the end of April.
Deckers misses profit forecast, cuts outlook
2015-01-30 00:25:28| Footwear - Topix.net
Deckers Outdoor Corp., the maker of UGG boots, has lowered its earnings guidance for the March quarter, mostly due to currency exchange rates. Deckers expects results to be break-even on a per-share basis, compared with prior guidance of a 15-cent profit.
Tags: profit
outlook
cuts
forecast
Sears Holdings cuts 115 corporate jobs
2015-01-29 17:34:00| Daily apparel & textile news and comment - from just-style.com
US department store group Sears Holdings is to cut 115 corporate jobs, the majority at its head quarters in Illinois, as part of cost cutting efforts.
Tags: jobs
corporate
cuts
holdings
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