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Bon-Ton Stores lowers outlook as loss widens

2014-11-20 16:16:00| Daily apparel & textile news and comment - from just-style.com

US department store retailer The Bon-Ton Stores has lowered its full-year outlook as it posted a wider net loss in its third-quarter.

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Tom Tailor lowers outlook despite Q3 profit growth

2014-11-06 12:20:00| Daily apparel & textile news and comment - from just-style.com

German fashion business Tom Tailor has lowered its full-year outlook citing concerns over unseasonable weather conditions, despite a double-digit profit increase during the third quarter.

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Sprint lowers EBITDA outlook, plans 2,000 job cuts

2014-11-04 08:51:00| Telecompaper Headlines

(Telecompaper) Sprint's new CEO has announced plans to reduce operating costs by USD 1.5 billion and cut 2,000 jobs at the operator. The workforce reduction is expected to save USD 400 million a year. The company is also reviewing the rest of its management and plans to add more new candidates, both external and from parent company Softbank. Appointed in August, the new CEO Marcelo Claure aims to reposition Sprint as the 'best value in wireless'. In addition to cutting operating costs, Sprint is working to complete its network upgrade and LTE roll-out, which has been impacting the customer experience and increasing churn. Sprint lost 336,000 retail postpaid customers in Q3. Prepaid customers fell by 20,000, while the operator gained 840,000 wholesale connections. This left it with just over 55 million customers at the end of September. Postpaid ARPU fell to USD 60.24 from USD 61.65 in Q2 and USD 63.48 a year ago. Total revenues fell to USD 8.49 billion from USD 8.68 billion a year earlier, while adjusted EBITDA rose slightly year-on-year to USD 1.386 billion or 18.6 percent of revenue. The company said the loss of customers and pressure on wireless revenue, as well as increased selling costs for new tariff plans, will put pressure on results in the last quarter. Sprint lowered its adjusted EBITDA forecast for 2014 to USD 5.8-5.9 billion from a previous estimate of USD 6.7-6.9 billion.

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Lufthansa Lowers 2015 Outlook

2014-10-30 09:37:01| Airlines - Topix.net

Deutsche Lufthansa AG said Thursday that it wouldn't meet its already reduced earnings targets for next year because of a weaker global economic outlook, but confirmed its 2014 targets.

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