G-III Apparel Group, Ltd. reported second quarter earnings doubled to $12.4 million, or 27 cents a share, from $6.2 million, or 14 cents, a year ago. Driven by robust wholesale and retail performance, net sales increased 12 percent to $474 ...
Tags: G-III Apparel, sports business, outerwear, dresses, sportswear, swimwear
Thule Group divested its Snow Chain business Wednesday in order to tighten its focus on driving growth in its core Outdoor & Bags segment, which makes everything from car racks to backpacks, and cases for consumer electronics. Thule Group ...
Tags: Thule Group, Outdoor, Bags
Lululemon Athletica Inc. reported second-quarter earnings declined slightly but came in better than planned with same-store sales on a currency-neutral rising 11 percent. The yoga-themed retailer raised its guidance for the year. For the ...
Qorvo Inc of Greensboro, NC and Hillsboro, OR, USA, a provider of RF solutions for mobile, infrastructure and aerospace/defense applications, has completed its $400m share repurchase program, which was authorized by its directors last ...
Tags: Qorvo, RF, applications
Cargill Poland has divested its Polish pig and cattle entity Agro Provimi to meat processor PKM Duda for PLN28.1m (€6.7m). PKM Duda funded about 10% of the acquisition deal through its own resources, while the rest was managed ...
Tags: pig and cattle, processor PKM, Agro Provimi
General Electric (GE) has completed the sale of its US fleet services business to Element Financial for $5bn. The company said that the sale of GE's Mexican, Australian and New Zealand fleet businesses to Element is also expected to close ...
Tags: General Electric, Fleet Business
Even though China's top 10 largest mobile phone exporters were still the international brands such as Apple and Samsung and their original equipment manufacturers, Chinese mobile phone manufacturers-led by TCL, ZTE and Huawei-saw their ...
Tags: cellphone, smartphone
KitKat is set to become the first global chocolate brand to use only sustainably sourced cocoa in the manufacture of all its products. This move comes as the confectionery industry faces allegations over employing child labor in cocoa ...
FMCG major ITC is planning to venture into dairy business with the launch of ghee (clarified butter) by the end of the current quarter. The company is likely to roll out its range of dairy products within the next few years. The range ...
Tags: Dairy Products, clarified butter
AkzoNobel plans to invest more than €1.3 million to build a pilot plant for coating resins at its Performance Coatings site located in Felling, UK. The state-of-the-art facility - which will create three new jobs and safeguard a ...
Tags: AkzoNobe, Performance Coatings
Net sales at specialty retailer of casual apparel for young women and men Aeropostale dived 17 per cent year over year for the second fiscal quarter ended August 2, 2015. For the second quarter of fiscal 2016, net sales at the retailer ...
Tags: casual apparel, apparel
Operating income at US based apparel marketer J.Crew Group crashed to $2.6 million in the second fiscal quarter ended August 1, 2015, massively down from $36.0 million in the prior fiscal second quarter. “Operating income in the ...
Tags: J.Crew Group, apparel
For the second fiscal quarter ended August 1, 2015, US based maternity apparel retailer Destination Maternity Corporation slipped in to a GAAP net loss vis-à-vis GAAP net income in the prior fiscal second quarter. For the second ...
Tags: maternity apparel, Apparel
Global credit-rating agency Fitch has projected Bangladesh's economic outlook as stable for the current year also, but with a footnote that political and banking-sector risks remained on the flip side, a leading Bangladeshi newspaper has ...
Tags: Fitch, economic outlook
In December 2014, the Chinese government announced it would no longer be encouraging local governments to issue financial subsidies to LED manufacturers. The announcement which could have brought a sigh of relief to foreign competitors, had ...
Tags: LED Subsidies, LED industry