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Cache Q3 loss widens as sales drop
2014-11-11 14:11:00| Daily apparel & textile news and comment - from just-style.com
US women's wear retailer Caché has seen its third-quarter loss widen as net sales continued to fall.
Vodafone improves outlook as drop in revenue slows
2014-11-11 08:25:00| Telecompaper Headlines
(Telecompaper) Vodafone has raised its full-year outlook after its second-quarter results showed improving trends. The drop in organic service revenues slowed to 1.5 percent in the three months to September, versus 4.2 percent in the first quarter of the fiscal year. Service revenue in Europe was down 5.0 percent, while the AMAP region improved to 6.8 percent growth. Total revenues for the first half were up 8.9 percent to GBP 20.75 billion, helped by currency effects. EBITDA increased 5.5 percent to GBP 5.88 billion. Adjusted operating profit was still down 29.5 percent to GBP 1.76 billion, and net profit dropped 69.5 percent to GBP 5.50 billion, hurt by a number of one-time charges for restructuring and acquisitions. For the full year to March 2015, Vodafone now targets EBITDA of GBP 11.6-11.9 billion, at the high end of its earlier outlook of GBP 11.4-11.9 billion. Free cash flow is expected to turn positive over the year, after a breakeven result in H1. Capital expenditure nearly doubled in the first half to GBP 3.9 billion as Vodafone's Project Spring investments got well under way. Vodafone expects to spend a total GBP 16 billion in the two years to March 2016. The operator took European 4G coverage to 59 percent at the end of September and now counts 10.5 million 4G customers across the group. This is still just a fraction of its total 438.5 million customers.
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India car-sales growth to drop below 5% this year
2014-11-11 02:20:36| Auto Dealers - Topix.net
Passenger vehicle sales in India will likely grow less than 5% in the year through March as high interest rates on car loans and slow economic expansion continue to dampen demand. The low-growth forecast from the Society of Indian Automobile Manufacturers shows that car makers of India are tempering their initial enthusiasm about potential sales this year.
Southwest Airlines posts record October loads, American Airlines shows slight drop
2014-11-10 18:32:31| Airlines - Topix.net
Southwest Airlines posted the highest October load factor in its history last month, filling 83.1 percent of its seats with passengers. That beat the previous high of 81.7 percent reached in October 2010.
Tags: october
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Abercrombie & Fitch reports sharp drop in sales
2014-11-07 16:06:42| Apparel - Topix.net
Sales fell more than expected in September and October as fewer people headed to the mall and shoppers shunned clothing with the retailer's logo on it. It also reported weaker sales at its European stores, especially at its Hollister brand.
Tags: sales
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