In an update on its third fiscal quarter ending November 1, 2014 performance, Mike Jeffries led apparel retailer, Abercrombie & Fitch said its sales slipped 12%, from a year earlier quarter. Net sales for the third quarter of 2014 went ...
Tags: Mike Jeffries led apparel retailer, Net sales, Apparel
The CIF Bremen Cotton Index remained overall firm and business stayed stable in the current week. “Cotton contracts were mainly focused on long and extra-long staple range and prompt delivery up to the end of the current ...
Tags: CIF Bremen Cotton Index, Cotton contracts, Agriculture
Diageo is postponing plans to expand production capacity in Scotland citing reducing demand for spirits. According to the company, the slump in demand for spirits is due to economic slowdown across the globe. Earlier in 2012, Diageo ...
The "new normal" theory elaborated by Chinese President Xi Jinping would be one of the hallmarks to be engraved in history by the ongoing meetings of the Asia-Pacific Economic Cooperation (APEC) in Beijing. In his speech delivered to over ...
Tags: new normal theory, APEC
Fox Factory Holding Corp. reported sales of its mountain bike products declined 8.1 percent in the third quarter ended Sept. 30 due to industry supply chain issues, increased competitive environment in certain product categories, and weaker ...
Tags: Fox Factory, MTB Products, Sporting Goods
A combination of low inventories and refinery maintenance could be spurring some Chinese state-owned companies to seek gasoil imports for the fourth quarter, sources said this week. Though market sources said that state-owned trader ...
Tags: Gasoil, sulfur gasoil, crude oil
China's economic growth will moderate further in the next two years as domestic demand is weakened by the property downturn, UBS has forecast. "We forecast China's GDP growth to slow to 6.8 percent in 2015 and 6.5 percent in 2016. This ...
Tags: economic growth, domestic demand
Air freight rates from Asia are expected to rise through to the end of the year following four months of stable pricing, according to a report published by shipping consultancy Drewry. Drewry’s East-West Air Freight Price Index, a ...
Tags: Air Freight Rates
Shimano Inc. reported sales for the nine months ended Sept. 30 were up nearly 21 percent compared with the same period last year thanks in part to a weaker yen. Sales of of Bicycle Components were brisk in North America, while sales of ...
Tags: Bike Components, Sporting Goods
Global notebook shipments, which are expected to decline 2.1% on year in 2014, will further drop 1.7% in 2015 to reach 168 million units, despite Microsoft's attempts to stimulate demand in the PC market. Microsoft's termination of ...
Tags: notebook shipments, Windows XP, PC market
“China heavy truck markets will change in ten years, and the change is not fundamental. China commercial vehicle makers will still take majority of the markets, and domestic commercial vehicle markets will not be dominated by joint ...
Tags: Heavy Truck, commercial vehicle
For its fiscal first-quarter 2015 (ended 28 September 2014), Cree Inc of Durham, NC, USA has reported revenue of $427.7m, up 9% on $391m a year ago but down 2% on $436.3m last quarter (and below the $440-465m forecasted in mid-August). ...
Sales of BASF Group grew by 3% compared with the previous third quarter, reaching €18.3 billion. A sharp rise in volumes in the Natural Gas Trading business sector was mainly responsible for this growth. Income from operations (EBIT) ...
Tags: BASF, Construction Coating
The diamond and jewelry market, like the global economy, is sending mixed messages ahead of the holiday shopping season. The prevalent claim that the economy is showing its strongest prospects since the 2008 crash is being disputed by ...
Tags: diamond, jewelry market
Brunswick Corporation reported adjusted operating earnings increased 45 percent in the third quarter on a 13 percent revenue gain. Fitness segment sales, including Life Fitness, and Marine Engine segment revenues, each grew 11 percent. Boat ...
Tags: Brunswick, Marine Engine