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Apple fined record EUR 1.1 bln in France over unfair sales practices
2020-03-16 16:08:00| Telecompaper Headlines
(Telecompaper) Apple and two of its wholesale distribution partners, Ingram Micro and Tech Data, received fines totalling EUR 1.24 billion from the French antitrust regulator, following an investigation started in 2012. The companies have been found guilty of operating a cartel for a range of Apple products including computers and tablets, but not the iPhone. The fine inflicted on Apple amounts to EUR 1.1 billion, the largest ever imposed by the French competition watchdog. Tech Data and Ingram Micro will have to pay sanctions of EUR 76 million and EUR 63 million respectively.
H&M Q1 sales up but more Europe stores to close on virus fears
2020-03-16 13:38:00| Daily apparel & textile news and comment - from just-style.com
H&M has reported a rise in first-quarter sales despite a negative impact in the second half from the coronavirus (Covid-19) outbreak, which is taking a toll on the group's sales this month, mainly in Europe where a raft of stores across the region are temporarily closed.
Coca-Cola European Partners warns of coronavirus impact on full-year sales
2020-03-16 12:49:00| Daily beverage news and comment - from just-drinks.com
Coca-Cola European Partners has said it is adapting to the changing situation of the coronavirus outbreak as it updated its outlook for the year ahead.
Tags: sales
partners
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european
Primark sounds warning over H1 sales on Covid-19 fallout
2020-03-16 11:08:00| Daily apparel & textile news and comment - from just-style.com
Primark-owner, Associated British Foods (ABF) has sounded a warning on its half-year sales as traffic in its stores slows with the impact of the coronavirus outbreak intensifying.
Tags: sales
sounds
warning
fallout
Gap expects coronavirus to hurt Q1 sales by $100m
2020-03-13 11:26:00| Daily apparel & textile news and comment - from just-style.com
Specialty clothing retailer Gap Inc expects to take a first quarter sales hit of about US$100m due to the coronavirus (Covid-19) outbreak - and says it is working on contingency plans to tackle falling demand and supply chain disruption.
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