Iconix Brand Group Inc. reported a loss of $263 million, or $5.44 a share, after charges of $402.4 million to writeoff the company's trademarks and goodwill. Over 90 percent of the impairment is related to the company's men's business ...
Greencroft Bottling has invested £3m in filling lines and labelers at its manufacturing facility in County Durham, UK. With the investment, the firm has increased the capacity of the wine and spirit bottling facility by 25%, ...
For its fiscal third-quarter 2016 (to end-January), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported revenue of $309.2m, down 3.7% on $321.1m last quarter but up slightly on $306.8m a ...
Tags: Finisar
G-III Apparel Group Ltd. reported fourth-quarter earnings that came in well short of Wall Street targets. For the fourth quarter ended Jan. 31, 2016, G-III reported that net sales increased by 3 percent to $527.4 million from $514.3 ...
Tags: G-III, Earnings, Wall Street targets
The IATA reports that air cargo global growth continued to perform below its potential – “mediocre growth is now the new reality”. Growth in freight tonne kilometres (FTK) had positive momentum since 2H2015 and into ...
Li & Fung Limited, which designs, sources and distributes consumer goods for many of the world's leading consumer brands, reported sales 2.4 percent to $18.8 billion in 2015. “2015 was a challenging year," said Spencer Fung, Group ...
Tags: Li&Fung, Sales, Retail distribution
L.L.Bean announced its fiscal 2015 sales were flat as well as its intention to pay performance bonuses to employees. For the fiscal year ending February 28, 2016, L.L.Bean reported annual net sales of $1.6 billion, essentially level with ...
Pershing Square, a hedge fund run by investor Bill Ackman, has sold 20 million shares of US-based confectionery giant Mondelez International. Following the sale, the investor now owns only a 5.6% of the confectionery company. In a ...
Tags: Pershing Square, Bill Ackman, Mondelez
Irish dairy company Ornua has opened a €20m cheese manufacturing facility in Riyadh, Saudi Arabia. The facility will produce white cheeses for the Saudi Arabian market, which is considered to be the fifth largest dairy importer in ...
According to market sources, independent multichannel retailer Lombok, best known for its exotic, colonial-styled furniture, is currently exploring the possibility of a sale, with the aim of funding a series of ambitious growth plans. ...
Tags: Multichannel retailer, Lombok, Furniture, Sale
REI reported sales reached a record $2.4 billion in 2015 after a second consecutive year of nearly double-digit growth. Sales increased 9.3 percent from $2.2 billion in 2014, or 11 percent when adjusting for an extra 53-week of sales ...
DSW Inc., as expected, reported earnings in the fourth quarter plunged 61.8 percent to $11.8 million, or 14 cents a share. Results came in ahead of Wall Street's average estimate of 8 cents a share. Comps inched up 0.8 percent in the ...
Tags: DSW, Roger Rawlins, Milestones, Achievements, Q4 earnings
John Lewis has continued to outperform the market in uncertain trading conditions, with gross sales up 2.8% to £4.56bn (4.4% on a 52 week basis). To ensure that customers can shop whenever and however they want, John Lewis has ...
Tags: John Lewis, Trade condition, Annual summary
X-FAB Silicon Foundries of Erfurt, Germany - a mixed-signal IC, sensor and micro-electro-mechanical systems (MEMS) foundry – has entered wide-bandgap semiconductor production by announcing the availability of silicon carbide (SiC) ...
Tags: SiC MOSFET SiC Schottky barrier diodes SiC power devices
Nanoelectronics research center imec of Leuven, Belgium has opened its new 300mm cleanroom. With this 4000m2 new facility, imec's semiconductor research cleanrooms (dedicated to scaling IC technology beyond 7nm) now total 12,000m2. Global ...