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Latest Finance News related to Decline In Sales

M&S profits dive by nearly two-thirds as clothing sales slide image
Source : Guardian [Read Article] Wednesday 24th of May 2017 06:59:23 AM
....Jon Copestake, an analyst at the Economist Intelligence Unit, said a year into Rowe’s stewardship it was beginning to feel like “groundhog day” at M&S. “The retailer faces the same challenges that it has for much of the last decade, notably a structural decline in sales of clothing and homewares as the brand struggles to keep pace with competitors in fast fashion. ...
Burberry's sales growth slows despite 'exceptional' UK performance image
Source : Guardian [Read Article] Wednesday 19th of April 2017 05:23:32 PM
....However, sales in Hong Kong, Korea and the Middle East all fell as a result of local factors including travel restrictions and the falling oil price. This came alongside a 5% decline in sales in the Americas. ...
Asda offers staff a pay rise for 'flexible' contract image
Source : BBC [Read Article] Monday 13th of March 2017 03:18:08 PM
....9% fall in like-for-like sales. However, the rate of decline in sales has slowed as it reported steeper drops in previous quarters. ...
Sherry sales 'more than halve' over past decade image
Source : BBC [Read Article] Wednesday 21st of December 2016 08:59:06 AM
US carmakers see sales fall in August image
Source : BBC [Read Article] Thursday 1st of September 2016 04:00:29 PM
. US carmakers reported a decline in sales during August after recording surprisingly strong sales in July. ...
Air France warns of 'concern about France as a destination' image
Source : BBC [Read Article] Wednesday 27th of July 2016 06:43:01 AM
....Air France-KLM's results were issued hours after a priest was killed by two armed men in France, adding to a spate of attacks in Europe that has affected demand for travel and coming on top of the aftermath of the Brexit vote. Gerald Khoo, an analyst at Liberum, said the results were "not as bad as feared" as fuel savings had offset the decline in sales. ...
UK car sales fell ahead of EU vote image
Source : Guardian [Read Article] Wednesday 6th of July 2016 09:51:09 AM
....It was the first monthly fall since October, when a 1. 1% decline in sales brought to an end a record 43 consecutive months of growth. ...
Sainsbury's suffers sales decline after end of multibuy discounts image
Source : Guardian [Read Article] Wednesday 1st of June 2016 10:11:06 AM
. Sainsbury’s has suffered its biggest decline in sales in nearly a year after dropping multibuy offers in favour of price cuts. ...
Sandwiches are toast: why we swapped sliced bread for wraps and salads image
.... It’s more pricey, but many of us would rather eat the good stuff less frequently than the average stuff all the time. ” Unsurprisingly, Andrew Whitley, the co-founder of the Real Bread Campaign and author of the book Bread Matters, agrees, arguing that it is not clear that the decline in sales of industrial loaves is down to the rising popularity of “healthier” convenience foods. ...
Burberry warns of 'challenging' year image
Source : BBC [Read Article] Thursday 14th of April 2016 07:02:33 AM
....Burberry said slowing demand from US wholesale customers and "cautious" ordering by customers elsewhere was behind the gloomy outlook. It is forecasting a 10% decline in sales at its wholesale business in the current financial year. ...
Smiths shares slip despite better than expected update image
Source : Guardian [Read Article] Wednesday 16th of March 2016 10:58:28 AM
....Jefferies said:. The first half of 2016 was primarily a test of the quality of John Crane a test we would say has been passed, although not with flying colours – an 11% organic decline in sales and 24% fall in earnings before interest and tax. ...
Stormy skies ahead for Boeing as it forecasts lower sales image
Source : Telegraph [Read Article] Wednesday 27th of January 2016 02:47:19 PM
. Boeing has signalled a slowdown in the booming airliner market, with the aerospace giant forecasting a decline in sales in the coming year, news which sent the shares plunging. ...
Tesco hails 'strong' Christmas trading image
Source : BBC [Read Article] Thursday 14th of January 2016 07:33:27 AM
....Tesco said clothing sales over the period did particularly well, growing "significantly ahead of the market". Like other major supermarkets, the retail giant has been battling to halt a decline in sales in the face of stiff competition from German discounters Lidl and Aldi. ...
Next sales hit by warmer weather image
Source : BBC [Read Article] Tuesday 5th of January 2016 07:31:10 AM
....". He expects Marks and Spencer to report a decline in sales for the Christmas period when it releases figures on Thursday. ...
Game Digital heading for unhappy Christmas as customers buy online image
Source : Guardian [Read Article] Wednesday 23rd of December 2015 04:28:46 PM
....December is traditionally the biggest games-buying month of the year, but it’s proving distinctly unfestive for retailer Game Digital, which has warned of falling sales in its stores. Sales of games for current-generation consoles such as the Xbox One and PlayStation 4 are not growing fast enough to outweigh the decline in sales of games for their predecessors, the Xbox 360 and PS3. ...
Game Digital suffers nightmare before Christmas with major profit warning image
Source : Telegraph [Read Article] Wednesday 23rd of December 2015 09:22:36 AM
.... Gamers spent £114. 6m on titles for the latest hardware, up nearly 20pc, but not by enough to offset the decline in sales games for the older hardware. ...
Game Digital shares hit as sales fall image
Source : BBC [Read Article] Wednesday 23rd of December 2015 08:13:15 AM
....Shares in video games Game Digital have plunged by more than a third after it said "challenging" conditions in the UK market would hit profits. Game said there had been a faster-than-expected decline in sales of older games formats, while the switch to the newer Xbox One and PlayStation 4 consoles had been slower than expected. ...
Asda's grocery share hits nine-year low as Sainsbury's, Lidl and Aldi gain image
Source : Guardian [Read Article] Tuesday 15th of December 2015 10:20:08 AM
....Asda ducked out of Black Friday while Tesco gave the event the biggest promotional push of the major traditional chains, but both endured a 3. 4% decline in sales in the three months, according to Kantar. ...
Anglo American defies 'value that lasts' motto in drift to foot of FTSE 100 image
....None of those results would matter terribly if shareholders could be confident that Tesco’s supermarkets, where Lewis has understandably concentrated his efforts during 15 months at the helm, were set for a bumper Christmas. Last year’s seasonal performance was vaguely encouraging as Lewis, with little time to engineer a major overhaul, caught shoppers’ eyes with cheap vegetables and arrested the steep decline in sales. ...
Black Friday sales fall 10% from last year image
Source : Guardian [Read Article] Saturday 28th of November 2015 08:01:53 PM
....Related: Black Friday eclipsed by Thanksgiving shopping as retailers open earlier. The decline in sales on the traditional busiest shopping day of the year has been blamed on shops opening the day before. ...
Sausage and bacon sales plummet by £3m after cancer warning image
Source : Daily Express [Read Article] Monday 23rd of November 2015 03:54:00 PM
....The falls equate to an incremental drop in sales of about 10 per cent due to the report by the United Nations (UN) body, according to IRI. Other pre-packed meats also saw a decline in sales, down 10 per cent overall. ...
Supermarkets face tough Christmas as pressure from discounters mounts image
Source : Guardian [Read Article] Wednesday 11th of November 2015 02:17:13 PM
.... The retailer will provide a quarter of the turkeys eaten on Christmas Day – an extraordinary proportion. The upmarket grocer, part of the John Lewis Partnership, has suffered a decline in sales in stores open for more than a year in 2015, while its boss, Mark Price, has announced he will leave early next year. ...
Volkswagen's UK sales fall amid scandal image
Source : BBC [Read Article] Thursday 5th of November 2015 09:36:21 AM
....But Steve Fowler from Auto Express said the VW scandal could be depressing the wider car market. "A decline in sales had to happen eventually - three-and-a-half years of growth - it's going to slow at some stage. ...
UK car sales end record-breaking run in wake of VW scandal image
Source : Telegraph [Read Article] Thursday 5th of November 2015 09:35:51 AM
. The boom in sales of cars in the UK has crashed to a halt with the first decline in sales after a record-breaking 43 months of growth. ...
Clothing sales fall leaves M&S revival looking a little ragged image
Source : Telegraph [Read Article] Saturday 31st of October 2015 07:00:35 PM
.... . Analysts at Nomura are even more bearish, predicting a 2pc decline in general merchandise sales after analysing market share figures from Kantar that showed a back-to-school rush has not compensated for a £27m decline in sales during August. ...
Sales of £1m-plus homes dropped 11% in first half of 2015, figures show image
Source : Guardian [Read Article] Friday 23rd of October 2015 11:01:03 PM
.... In Beaconsfield in Buckinghamshire, the typical house price now stands at £1m, the bank said. The decline in sales in the £1m-plus market was the first since 2012, and suggests that changes to the stamp duty regime in England introduced by the chancellor in December have had an impact. ...
Economic gloom squashes small firms' growth ambitions image
Source : Telegraph [Read Article] Thursday 22nd of October 2015 11:11:48 AM
.... . According to the SME Confidence Tracker from Bibby Financial Services, the proportion of small firms that are predicting a decline in sales is higher now than in any quarter since the tracker was launched in 2014. ...
Asda accounts reveal profits are holding up despite sales slip image
Source : Telegraph [Read Article] Thursday 8th of October 2015 01:05:01 PM
.... Asda eked out a rise in profits despite falling sales. That decline in sales and small rise in profits preceded what has turned out to be the most challenging year for Britain’s second biggest supermarket. ...
Waterstones to stop selling Kindle in most stores image
Source : Guardian [Read Article] Wednesday 7th of October 2015 06:08:22 PM
....”. Philip Jones, the editor of trade magazine The Bookseller, said ebooks should not be written off and a decline in sales of the Kindle was not necessarily linked to the popularity of physical books. ...
Late bank holiday hits retail sales image
Source : BBC [Read Article] Tuesday 8th of September 2015 08:54:13 AM
...."At this time of the year parents are busily shopping for back-to-school essentials like clothes, footwear and stationery and those sales will peak later this year," said BRC director general Helen Dickinson. "Large-ticket item categories like furniture and household appliances also experienced a decline in sales, again likely affected by the bank holiday distortion. ...
High street sales tumble to lowest level since 2008 crisis image
Source : Telegraph [Read Article] Friday 4th of September 2015 04:00:54 AM
....5pc last month, said BDO. Fashion retailers have attempted to end an addiction to discounting, which has eroded margins, but this has also meant a decline in sales. ...
Poundland launches online delivery - for £4 image
Source : Guardian [Read Article] Tuesday 1st of September 2015 04:04:34 PM
....Consumers’ love of a bargain has driven a boom in fixed-price retailers, but some are now questioning whether the era of rapid growth is over. Market researchers at the Local Data Company have identified six towns in the UK where pound stores have reached saturation, and Poundland revealed a decline in sales when it published its latest financial results. ...
Once-sexy American Apparel looks impotent in face of impending doom image
Source : Guardian [Read Article] Friday 21st of August 2015 04:07:01 PM
....”. Rival brand Abercrombie & Fitch has also vowed to stop hiring topless male models in an attempt to improve its image and halt a decline in sales. ...
Indian court overturns government ban on Nestle's Maggi noodles  image
Source : Telegraph [Read Article] Thursday 13th of August 2015 07:40:27 AM
....4pc to 6,381 rupees in Mumbai, after rallying as much as 5pc . The judgment came as Nestle reported a small decline in sales and net profits in the first-half due to foreign exchange rate fluctuations and the noodle recall. ...
Lenovo cuts jobs as profits halve image
Source : BBC [Read Article] Thursday 13th of August 2015 05:02:02 AM
....7bn, but this was below forecasts. Lenovo said it had been facing the "toughest market environment for years", reporting a steep decline in sales at its mobile division. ...
Dairy farmers call for supermarket boycott as milk price falls image
Source : Guardian [Read Article] Thursday 6th of August 2015 05:22:50 PM
....He added that, of the major chains, only Marks & Spencer and Waitrose paid a sustainable price for all their milk products – including cheese and cream – and that otherwise shoppers should try and buy from farm shops or their local milkman. Global dairy prices have been falling for months as good weather helped boost production just as a Russian ban on importing dairy goods from Europe and a decline in sales to China dents demand. ...
Dairy farmers target Morrisons in protest at milk prices image
Source : Guardian [Read Article] Wednesday 5th of August 2015 06:18:57 PM
....”. Global dairy prices have been falling for months as good weather has helped boost production just as demand has been dented by a Russian ban on importing dairy goods from Europe and a decline in sales to China. ...
Lone Star's swoop on Quintain turns London's property market into the Wild West  image
.... By stripping the business out from Reckitt, a new range of healthcare investors and analysts have been able to appropriately value the group’s potential. Yesterday Indivior reported a further decline in sales to $517m in the first half of the year, but this beat City expectations. ...
Equities bounce back as investors shrug off Chinese woes image
Source : Telegraph [Read Article] Tuesday 28th of July 2015 05:10:24 PM
.... Sales in British supermarkets tumbled in the 12 weeks to July 19, with market-leader Tesco recording a 0. 6pc decline in sales and Morrisons and Sainsbury’s down 0. ...
Marks & Spencer resignation renews speculation about who will be next CEO image
.... It is not yet clear which company. Since being appointed head of M&S’s general-merchandise division three years ago, he had failed to arrest the decline in sales, which were down 2. ...
Marks & Spencer's head of clothing quits retailer after sales slip image
Source : Guardian [Read Article] Thursday 16th of July 2015 06:51:06 PM
....But just a few weeks later, as Bolland unveiled the chain’s annual profits, he described the poor performance of Dixon’s non-food business during the previous 12 months as “not good enough”. At the AGM, Bolland had to unveil a new decline in sales, bringing what some analysts had believed was a long-awaited reversal in the retailer’s fashion fortunes to an abrupt halt. ...
Tesco shows signs of recovery with sales falling less than expected image
Source : Telegraph [Read Article] Friday 26th of June 2015 06:22:40 AM
.... . The performance in the last quarter still represents a decline in sales despite Tesco committing hundreds of millions of pounds to lowering prices. ...
Tesco's sales decline in UK slows image
Source : BBC [Read Article] Friday 26th of June 2015 06:17:59 AM
. Tesco has reported a slower rate of decline in sales at its UK stores as it tries to stem the flow of customers switching to discount chains. ...
Sainsbury's in further sales fall image
Source : BBC [Read Article] Wednesday 10th of June 2015 06:40:11 AM
....Supermarkets in the UK are battling to win back market share from cheaper rivals Lidl and Aldi. Aldi recorded a record gain of market share over the last year, while Tesco, Asda, Sainsbury's and Morrisons all experienced a decline in sales, according to Kantar Worldpanel. ...
McDonald's taps ex-Obama spokesman to be grilled about image makeover image
....What the new appointments mean for the end of the recently revived Hamburglar is unclear. Hipster Hamburglar, delivery and an all-day breakfast menu are all part of the company’s attempts to reverse decline in sales. ...
Week ahead in business and economics: May 26 to 29 image
Source : Telegraph [Read Article] Monday 25th of May 2015 09:16:40 PM
Asda gloomy about 'challenging' 2015 image
Source : BBC [Read Article] Tuesday 19th of May 2015 12:15:18 PM
....But with a 3. 9% decline in sales, Asda appears to be suffering even more than its rivals. ...
China slowdown hurts smartphone sales  image
Source : Telegraph [Read Article] Friday 15th of May 2015 04:00:12 AM
.... . Western Europe saw its first year-on-year decline in sales value in the first quarter, falling 1pc to $12. ...
Morrisons sales fall almost 3% in first quarter image
Source : Guardian [Read Article] Thursday 7th of May 2015 08:51:49 AM
. Morrisons’ new chief executive, David Potts, is canvassing shoppers and staff on how to build a stronger identity for the “British underdog” supermarket, as a continued decline in sales underlined the scale of the challenge at Britain’s fourth biggest grocer. ...
Dave Lewis has thrown out Tesco's kitchen sink - he won't be able to do it a second time image
.... It operates in a brutally competitive sector against aggressive new entrants with none of its legacy issues, and established competitors (Sainsbury’s, Waitrose, Asda) which would appear to have rather more flexibility than it has. The decline in sales has been stemmed somewhat, but it hasn’t been stopped, and Mr Lewis looks set upon selling off some of the family silver to fix the balance sheet rather than gambling on a rights issue, despite there being some support for that in the City. ...
Tesco to plug pensions black hole image
Source : Telegraph [Read Article] Saturday 18th of April 2015 07:00:20 PM
.... Dave Lewis, the new chief executive, has already laid out plans to put the retailer back on track and shore up its balance sheet. Since he arrived from Unilever in September, Tesco has cut prices and put more staff on the shop floor, which has helped to slow the decline in sales. ...
Eurostar revenues drop 6 per cent following Paris terror attacks image
Source : Daily Express [Read Article] Friday 17th of April 2015 12:01:00 AM
. The rise of sterling against the euro also contributed to a decline in sales revenues to £215million, although the cross-Channel rail service reported more premium business travellers. ...
Wrap It Up fast food chain acquires burrito business Mexican Adobo image
Source : Telegraph [Read Article] Saturday 11th of April 2015 06:30:31 PM
.... “Natural fast food is already taking a considerable hold on the UK marketplace,” he said. “With McDonald’s reporting a decline in sales for the first time in 12 years, we are really feeling the benefit from this change in our customers’ requirements. ...
PC sales plunge again as users switch to tablets image
Source : Telegraph [Read Article] Thursday 9th of April 2015 10:00:23 PM
.... . PC sales may get a boost later this year when Microsoft releases its next version of Windows, analysts said, but they're still expecting an overall decline in sales for this year. ...
Mulberry's fashion statement keeps our top 10 shares in profit image
Source : Independent [Read Article] Friday 3rd of April 2015 11:45:59 PM
.... New chief executive Dave Lewis got the City onside by promising to cut costs and close unprofitable stores. The long decline in sales is also being arrested, even though the trading environment remains very tough. ...
Supermarket price wars melt Thorntons’ sales image
Source : Telegraph [Read Article] Saturday 28th of February 2015 06:27:40 PM
.... Whilst FMCG [the commercial division] was weaker than hoped, this was only in two particular customers, not across the board, and retail numbers were very good and an indication of consumers’ continuing regard for the brand. As the group makes virtually all of its profit in the first half, this decline in sales will impact full-year profits. ...
UK retail sales fall 0.3% in January image
Source : BBC [Read Article] Friday 20th of February 2015 10:21:58 AM
....3% in January from the previous month, according to figures from the Office for National Statistics. The decline in sales follows a 0. ...
Toyota expects record profit on weak yen image
Source : BBC [Read Article] Wednesday 4th of February 2015 08:24:17 AM
....The automaker sold 7% fewer cars in Japan in the nine months to December from the same period a year earlier. That was largest decline in sales compared with other regions of the world. ...
McDonald's boss Don Thompson out after nearly three years image
Source : BBC [Read Article] Wednesday 28th of January 2015 11:18:51 PM
....1bn, down 21% from a year earlier. The company also reported its fifth consecutive decline in sales. ...
Source : Independent [Read Article] Tuesday 27th of January 2015 01:36:54 AM
....It isn’t only Page Three’s pneumatic blondes that are falling out of favour. Barbie is also on the slide and, after a fifth quarterly decline in sales, Mattel’s chief executive, Bryan Stockton, has paid the price. ...
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Asos shares jump on strong Christmas sales image
Source : Telegraph [Read Article] Tuesday 13th of January 2015 11:26:47 AM
.... Cutting prices on the company’s Australia and US websites helped to increase international sales by 5pc. This reversed a 2pc decline in sales in the prior preiod. ...
Supermarket giant Sainsbury's announces decline in sales over the Christmas period image
Source : Daily Express [Read Article] Wednesday 7th of January 2015 02:27:00 PM
. Supermarket giant Sainsbury's has announced a decline in sales over the key Christmas period of 1. ...
Thorntons' shares slump by 25% after profit warning image
Source : BBC [Read Article] Tuesday 23rd of December 2014 08:34:04 AM
....5m in pre-tax profits and as recently as October told its investors it expected to make annual profits of nearly £10m for the year 2014-15. "The board now anticipates a decline in sales in the UK Commercial channel [supermarkets] for the second quarter of the current financial year," it said. ...
The new Gucci: not for everyone image
Source : Independent [Read Article] Saturday 13th of December 2014 12:22:09 AM
....Ms Giannini joined the Florence-based designer in 2002 and has overseen the rise of the Gucci double G logo adorning the handbags and belts of the global wealthy. But most recently as creative director she has been furiously attempting to reverse the decline in sales growth with chief executive and husband Patrizio di Marco, as consumers now demand something more subtle. ...
US Black Friday sales fall 11% on sluggish demand image
Source : BBC [Read Article] Monday 1st of December 2014 05:16:49 PM
....However, those deals and earlier hours appear not to have convinced shoppers to spend, perhaps because they expect further deals as the holiday shopping period progresses. The decline in sales surprised many, who had seen increasingly positive US economic data as well as lower gas prices as signs that the US holiday shopping season would be better than it has been in the past. ...
BT rules out sale of outsourcing arm image
Source : Telegraph [Read Article] Saturday 15th of November 2014 08:30:38 PM
.... In the following five years BT has stripped costs from Global Services and reorganised the operation to be more efficient. In the most recent quarter it reported a 5pc decline in sales to £1. ...
The brothers who could save M&S image
Source : Independent [Read Article] Wednesday 5th of November 2014 11:42:26 PM
....Food continued its standout performance against the rest of the market, rising 1 per cent in the six months. However, there was a significant slowdown in growth in the last three months as the entire grocery market saw a decline in sales. ...

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