Net sales grow by $61 million in the fourth quarter, despite its restructuring push circling another $100 million upwards in spending cuts. Toys R Us has seen net sales grow by $61 million in the fourth quarter, despite its restructuring ...
Tags: toys R Us, domestic business, toys
Online retail apparel sales in India are likely to reach annual turnover of US$ 35 billion by 2020, said Google India director (Ecommerce and Online) Nitin Bawankule, at an event in Mumbai. “By 2020, India is expected to ...
The surge in Chinese outbound tourism is boosting domestic companies' overseas acquisitions in travel industry. As more high-spending Chinese visitors go abroad, they become a lucrative source of business for hotels, restaurants, retailers ...
Tags: Outbound Travel, outbound tourism
Beijing-based Xiaomi Inc has set a more ambitious goal for smartphone sales in 2015, the company's founder and CEO revealed on Friday. Xiaomi is expected to sell between 80 million and 100 million smartphones for the whole of 2015, Lei ...
Tags: Xiaomi, smartphone sales, ambitious goal
Freedom Foods has reported a Net profit of $55.2 million for the first half of the 2015 financial year. However, the Net Profit figure was boosted by the inclusion of a post-tax fair value gain of $52.2 million from the gain on ...
Tags: Freedom Foods, Agriculture
For the fourth fiscal quarter ended January 4, 2015, Gildan Activewear said it slipped in to losses, when compared with fourth fiscal quarter of previous year. Gildan reported a net loss of US$41.2 million or US$0.34 per diluted share for ...
Tags: Gildan Activewear, Apparel
The quality of raw cotton declines over time, even when stored in excellent conditions, hence it is essential for spinners to re-test samples before making a purchase decision, says Uster Technologies, the leading high-technology instrument ...
H.B. Fuller Company has announced that it has finalized the previously announced purchase of Tonsan Adhesive, Inc., the largest independent engineering adhesives provider in China. With this acquisition, H.B. Fuller adds strong customer ...
Tags: H.B.Fuller, Tonsan Adhesive
China's top smartphone companies challenged Samsung and Apple with surging sales and revenue in 2014, vowing to scramble for a larger share in a global turf war with the top two makers. As one of the major competitors, telecom behemoth ...
Tags: Smartphone, Samsung, Apple
Canadian Methanol producer, Methanex said its adjusted net income climbed 21.21 per cent from a year ago quarter for the fourth quarter ended December 31, 2014. Methanex posted adjusted net income of $80 million or $0.85 per share on a ...
US based apparel marketer Gap Inc said it will close its Piperlime brand, including the online platform and the only store in New York, by the end of the first quarter of fiscal year 2015. The Piperlime brand is by far the smallest of the ...
Nate’s Food has broken ground on the development of a new facility that would increase production by approximately 10 million cans per year. The new facility would increase the Company's capacity from 5 million cans annually to 15 ...
Gap Inc. has decided to close its Piperlime brand, including the online platform and single store in New York, by the end of the first quarter of fiscal year 2015. The company is committed to executing against its long-term strategy of ...
ShopClues, an Indian online marketplace said it has raised over US $100 million in Series D from a group of investors led by Tiger Global, which also saw investments from a majority of existing investors. Founded in Silicon Valley in June ...
Tags: online marketplace, Apparel
Novozymes unveiled its new corporate strategy titled, ‘Partnering for impact’, which is accompanied by a new set of long-term social, environmental and financial targets. It also includes a new purpose statement which reads, ...
Tags: biology, financial targets, Textile