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HBC to sell Gilt and shutter stores as Q1 loss widens

2018-06-06 11:23:00| Daily apparel & textile news and comment - from just-style.com

Hudson's Bay Company (HBC) has widened its loss in the first quarter amid an announcement by the Canadian retailer that it is to offload its online shopping and lifestyle website Gilt and shutter up to ten of its Lord & Taylor stores - including its flagship on New York's Fifth Avenue.

Tags: sell stores loss gilt

 

Veon organic revenues rise but net loss widens in Q1

2018-05-14 09:12:00| Telecompaper Headlines

(Telecompaper) Total revenues dipped 1.4 percent lower from the year before to USD 2.250 billion, hurt by the devaluation of the Uzbek and Pakistani currencies. Organically, revenues lifted 3.2 percent, driven by operations in Russia, Pakistan, Ukraine and Uzbekistan, partially offset by continued weakness in Algeria and Bangladesh. Revenues from mobile data meanwhile jumped almost 16 percent to USD 505 million. Total mobile customer numbers, excluding the company's Italian joint venture, advanced 1.8 percent year-on-year to 210 million.

Tags: net loss rise organic

 
 

US trade deficit widens in February

2018-04-05 18:25:21| BBC News | Business | UK Edition

America's international trade hits a monthly record, but its trade deficit also widens.

Tags: february trade deficit widens

 

Ascena Retail shares tumble as loss widens in Q2

2018-03-06 10:16:00| Daily apparel & textile news and comment - from just-style.com

Shares in Ascena Retail Group were down more than 12% in after-hours trading on Monday (5 March) as the US women's wear retailer widened its net loss in its second-quarter.

Tags: loss retail shares q2

 

Billabong warning as widens H1 net loss

2018-02-26 15:47:00| Daily apparel & textile news and comment - from just-style.com

Struggling Australian surfwear company Billabong International has warned it cannot carry on with business as usual unless a takeover by Boardriders Inc goes ahead, after it reported a wider net loss in the first half.

Tags: net loss warning billabong

 

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