Exports from Tirupur, known for knitwear manufacturing, has reached Rs 15,000 crore in the first nine months of the ongoing fiscal year 2014-15, A Sakthivel, president of Tirupur Exporters’ Association (TEA) said in a statement. ...
"By adding Family Dollar to our portfolio of brands, Dollar Tree will soon operate more than 13,000 stores in 48 states and five Canadian provinces with annual sales exceeding $18 billion,” a top Dollar Tree official said. Bob ...
Tags: business model, footprint, Apparel
Hiwin Technologies Corp., a major Taiwan-based manufacturer of linear guide ways and ball screws, reported revenue of NT$15.08 billion (US$471.25 million) throughout 2014, rising 21.3% from 2013's NT$12.44 billion (US$388.81 million) to ...
Thank you, Holly. Good morning. I would like to welcome you to the AVX conference call regarding the results for the third quarter that ended in December. I’m John Gilbertson and with me today is Kurt Cummings, AVX’s Chief ...
Tags: holiday product, Electrical
Shares of the world's largest software company, Microsoft Corp, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong U.S. dollar, which have surged to 14 year highs ...
Tags: Microsoft Corp, Windows software
Johnson & Johnson’s fourth-quarter medical device sales fell by 4.7%, to $6.6 billion, with the biggest drop (7.7%) in the U.S., the company announced this week. Total fourth-quarter sales were down 0.6% year-over-year, to $18.3 ...
Tags: Medical Device Business, Health
Family Dollar Stores said based on a preliminary count of the votes cast at its special meeting of stockholders, its shareholders voted to approve the proposed merger with Dollar Tree. “Based on preliminary count, around 84 million ...
Tags: stockholders, votes cast, Apparel
Many economists are saying that the U.S. will once again be the driving force behind world growth in 2015 as the dollar growth. The U.S. economy saw an annual expansion rate of 5 percent in the third quarter of 2014, according to government ...
Tags: Exchange Rate, U.S.Economy
Less than four years after acquiring GSI Commerce for $2.4 billion, eBay Inc. announced Wednesday it was studying whether to spin off the business in IPO as part of a broadening restructuring. The company disclosed the plans in its ...
Tags: broadening restructuring, box retailers, Sporting Goods
Improved global operations and a lower effective tax rate drove net income growth by 46.87 per cent year on year at value added yarns producer, Unifi Inc in the second quarter ended December 28, 2014. Unifi said its net income for the ...
Tags: tax rate, net income, Textile
Under the agreement that signed in the Swiss ski resort of Davos, China gives Switzerland an 8-billion-US-dollar investment quota under its Qualified Foreign Institutional Investor program, and the two sides plan to open a Chinese bank in ...
Tags: Financial System, banks
Despite a sharp decline in oil prices, the world economic outlook is subdued, weighed down by underlying weakness elsewhere, says the International Monetary Fund (IMF) in its latest update to the World Economic Outlook (WEO). Compared ...
Tags: oil prices, world economic outlook, Textile
Despite a projected 5.4 percent increase in global semiconductor revenue in 2015, this is down from 7.9 percent growth in 2014, according to Gartner Inc. The forecast is also down from the previous quarter’s forecast of 5.8 percent ...
Tags: LED lighting, Electrical
Mondelez International has broken ground on its new $90m biscuit plant in Bahrain, in a move to cater to growing demand for its Oreo, Ritz and TUC biscuits in the Middle East and Africa. Earlier this month, the company signed a lease ...
Tags: TUC biscuits, Cheese, Agriculture
With regards its proposal to acquire Family Dollar Stores, retailer Dollar General has concluded that the additional step of certifying substantial compliance with the FTC's request for further information and documentary material is ...
Tags: GOLD proxy card, Apparel