For its fiscal second-quarter 2016 (to 29 February), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan has reported revenue of $2.92m, down 36% on $4.6m a year ago but only 2% on $2.96m last quarter. "We have made good ...
Tags: SemiLEDs
On 23 February 2016, Wesfarmers announced a restructuring of Kmart and Target into a single Department Store division, led by Guy Russo as chief executive officer and Marina Joanou as finance director. On 24 March 2016, it was brought to ...
Tags: Wesfarmers, Kmart, Target, Guy Russo, Marina Joanous
Pacific Sunwear of California, Inc. entered into a restructuring support agreement (RSA) with affiliates of Golden Gate Capital, the holder of its secured term loan provider under the company's financing facilities. In conjunction with the ...
Tags: Pacific Sunwear, RSA, Golden Gate Capital, Bankruptcy
Online retailer Trod - the largest member of the Toymaster Group - revealed it was entering administration earlier this year. Independent toy buying group Toymaster remains confident in its future despite the loss of its largest ...
Tags: Toymaster, Trod Ltd, Ian edmunds
Chinese Premier Li Keqiang has urged solid efforts from the country's financial and taxation authorities to deliver the value-added tax (VAT) reform as part of efforts to invigorate the real economy during a visit to the State ...
Tags: Tax Reform, VAT
Sonos has announced that its chief product officer, Marc Whitten, is leaving the company. Whitten has been at Sonos for the past two years, during which he oversaw the development of the excellent Play:5 speaker and the innovative TruPlay ...
Tags: Sonos, Chief Product Officer, Marc Whitten
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
"We will create an investment environment that is fairer, more transparent and more predictable. China must always be a land that attracts foreign investments," said Chinese Premier Li Keqiang on March 5, in his 2016 government work report ...
Adidas Group reported a narrower loss in the fourth quarter as gross margins expanded and currency-neutral sales jumped 12 percent, driven by accelerated momentum at both Adidas and Reebok. On a currency-neutral basis, sales grew 16 percent ...
Tags: Adidas Group, Reebok
United Natural Foods has reported financial results for the second fiscal quarter and six months ended January 30, 2016. The Company also announced today that it has acquired certain assets of Global Organic/Specialty Source, Inc. and ...
Geely Purchased Dongfeng Nanchong and Develops Commercial Vehicles. The share shifting signing ceremony of Dongfeng Nanchong Automotive Co., Ltd. (thereafter shorted as “ Dongfeng Nanchong ” ) was held in Southwest United ...
Caterpillar has announced that it will discontinue the production of its on-highway vocational trucks, based on present business climate in the truck industry and a thorough evaluation of the business, the company decided it would withdraw ...
Tags: Caterpillar, Vocational Trucks
Cabela's Inc. reported that adjusted for certain items, net income in the fourth quarter increased 9.5 percent to $86.8 million, or $1.26 a share, exceeding Wall Street's consensus estimate of $1.21 with the help of cost control ...
Tags: Cabela, Sporting Goods
China's camera drone market is still in early stages of development, with the competitive landscape still taking shape. A total of 40,000 camera drones were shipped in China during the third quarter of 2015, and IDC expects shipments to ...
Tags: camera drone, HD cameras
Worldwide personal and entry-level storage (PELS) shipments totaled 68.5 million units in 2015, representing a decline of 9.2% from a year ago, according to the IDC Worldwide Personal and Entry-Level Storage Tracker. Annual shipment values ...
Tags: PELS Market, entry-level storage