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 chief executive of the New Zealand Food and Grocery Council (NZFGC) Katherine Rich has told Australian Food News today that the UK”s announced sugar tax will not help fight obesity. Under the UK tax, drinks which contain more ...
Tags: NZFGC, Katherine Rich, Sugar tax
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
Li Ning Co Ltd posted a profit in 2015 following three consecutive years of losses. The China-based sports giant posted an annual net profit of 14.3 million yuan ($2.2 million), compared with a 781.5 million yuan loss a year ago. ...
Easter is now just around the corner. For readers still looking to purchase chocolate and confectionery Australian Food News has compiled the following amongst the 2016 Easter offerings. Bunnies out, Bilbies in this Easter Australian ...
Tags: Chocolate, 2016 Easter offerings, AFN survey
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
Lee & Man Paper Manufacturing ,one of the containerboard manufacturers in China, announced its annual results for the twelve months ended 31 December 2015. During the period, the Group recorded a total sales volume of 5.44 million tons, a ...
Operating performance in the quarter was strong and substantially above the equivalent quarter last year. The group increased EBITDA excluding special items by 21% to US$175 million, operating profit excluding special items by 51% to ...
Tags: Stronger Performance, EBITDA
Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
China is set to cut benchmark on-grid price of electricity generated by onshore wind power and photovoltaic power to promote a sound environment for the green-energy industry, the country’s top economic planner said on Thursday. The ...
Tags: Cut Price, Wind Power
For drivers in the United States this year, it's been the gift that keeps on giving with low gasoline prices helping them saving money. The US national average for gasoline has dropped below 2 US dollars a gallon, the lowest price since ...
Tags: U.S.Gasoline Prices
Brent oil price hit 11-year low Monday as the market continued to be plagued by an oversupply of crude oil and weakening demand. Brent crude for February delivery decreased 53 cents to close at 36.35 U.S. dollars a barrel on the London ...
Tags: Brent oil, Oil prices
China's iron ore importers need to keep a close eye on the country's steel mills as they mull output cuts and shutdowns amid a year-end credit crunch, the China Iron and Steel Association said Thursday. Prices of iron ore derivatives ...
Investment bank Goldman Sachs late Wednesday lowered its iron ore price forecast for 2017 by $5/dmt to $35/dmt CFR China after a faster-than-expected softening in seaborne prices. "Iron ore prices have reached our $40/dmt forecast one ...
Tags: iron ore price, steel
The US vinyl acetate monomer market is seeing a tightening of supply that will likely push pricing higher through the first quarter of 2016 despite falling feedstock prices and a weaker energy sector, sources said. US VAM increased $20/mt ...