For the second fiscal quarter ending September 30, 2014, net profit shot up 60%, while sales climbed 17%, both growths coming from a year ago periods, at Shoppers Stop Ltd (SSL). SSL reported a gross retail turnover of Rs. 942.76 crore ...
For the third fiscal quarter of 2014, gross margin at apparel retailer JC Penney expanded 710 bps over the same quarter of the previous fiscal year. In the third quarter ending November 1, 2014, gross margin stood at 36.6 per cent of ...
Tags: apparel retailer, gross margin, Apparel
Following a recall by Riba Foods, Giant Food removed Salpica Ballpark Nacho & Black Bean Nacho products from sale due to an undeclared allergen, wheat, on the ingredient label. This product is safe to consume for individuals who do not ...
Tags: wheat allergy, Salpica
Amazon, one of the leading online retailers in the world, is set to open its digital market for Spreadshirt sellers in UK. Spreadshirt is one of the world’s leading e-commerce platforms for on-demand printing of clothing and ...
In its unaudited standalone financial results for the second fiscal quarter ending September 30, 2014, Indian textile major, Arvind Ltd reported a 4.13 percent year-on-year rise in net profits. Arvind, an integrated textiles producer, ...
Tags: Indian textile major, net profits, Textile
The Cotton Corporation of India (CCI) has been asked by the Indian Government to procure more cotton at minimum support price (MSP) by opening new procurement centres. At a meeting held in New Delhi, Union Agriculture Minister Radha ...
US based apparel retailer and NYSE listed, Macy’s said its third fiscal quarter ending November 1, 2014, earnings per diluted share jumped 30 per cent from the year ago period, to 61 cents. Total sales in the third quarter of 2014 ...
Tags: apparel retailer, Total sales, Apparel
Australia-based beverage company Casella Family Brands will acquire Peter Lehmann Wines from the Hess Group for $49.5m. The Yellow Tail wine producer has offered $1.31 per share for Peter Lehmann's winery and brand. Upon completion ...
Global barrier films supplier Toppan Printing will be constructing a new plant in Georgia which will use innovative technology to produce environment-friendly packaging. The new plant will help the company strengthen its capacity to ...
Tags: environment-friendly packaging, food packaging industry, Agriculture
US-based buyout firm Lindsay Goldberg will sell German packaging company Weener Plastik for approximately $500m (€400m), as per a report by Reuters. Reuters quotes that rival buyout firms including CD&R, Ardian, Charterhouse and ...
Tags: Weener Plastik, packaging firms, Agriculture
According to the BRC-KPMG Retail Sales Monitor, UK retail sales were flat last month, at 0.0% on a like-for-like basis from October 2013, when they had increased 0.8% on the preceding year. On a total basis, sales were up 1.4%, against a ...
Tags: Furniture Retail Sales, Furnishing
The “Blue Belle of Asia,” weighing 392.52 carats, set a new world record price for a sapphire when it sold for $17.5 million, leading Christie’s to its highest jewelry auction total ever. Click through the gallery to ...
Tags: Blue Belle of Asia, sapphire, jewelry
The Boston Beer Company reported third quarter 2014 net revenue of $269.7m, an increase of $53.3m or 25% over the same period last year, mainly due to core shipment growth of 23%. Net income for the third quarter was $37.9 million, or ...
Quiksilver Inc. reached a definitive agreement to sell its majority stake in online retailer Surfdome to Surfstitch of Australia for net proceeds of approximately (US)$16 million for its equity interest, loans and other amounts due from ...
Tags: Quiksilver, Surfdome, Sporting Goods
Emperador Distillers, the Philippines-based hard liquor unit of Alliance Global Group, has completed the previously announced acquisition of Diageo’s Whyte & Mackay whiskey business for £430m. Scope of the transaction also ...
Tags: Whyte&Mackay products, whisky drinking culture, Agriculture