Articles tagged forecast

Retail News - Macy’s misses estimates as it plots expansion

Macy’s Inc., owner of both its eponymous chain of department stores and Bloomingdales, on Tuesday posted a weaker-than-expected rise in sales over the holiday period.

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Retail News - Primark sales on track for 16% rise y-o-y

Sales at Primark are set to come in 16 per cent higher than last year according to a pre close period trading update from parent company Associated British Foods plc.

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Retail News - Disappointing results from Groupon

First-quarter results from Groupon failed to live up to the predictions of Wall Street, as the firm revealed flailing profit growth despite efforts to improve sales.

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The World Bank defied general consensus last night by announcing new forecasts for the UK and US economies, which it believes are set to grow strongly in the new year.

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Retail News - August retail sales in Australia fall flat

Australian shoppers stayed at home in August, a study from the Australian Bureau of Statistics that was released on Wednesday showed.

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Retail News - Macy’s Q2 performance not enough to offset weak start to the year

US department store group Macy’s Inc. on Wednesday announced it had cut its full-year same-store sales, stating that a 3.3 per cent rise in second-quarter sales would not offset weakness from the first quarter.

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Retail News - Samsung reveals second quarter performance

Lee Sang-hoon, Samsung Electronics chief financial officer revealed the companies performance for the second quarter on Wednesday.

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Retail News - Diesel owner cuts guidance for fiscal year and launches strategic review of business

Diesel’s parent company Pacific Brands this week slashed its full year guidance and flagged a strategic review to streamline its business.

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Retail News - eBay announces lower-than-expected forecast for final quarter

EBay has announced a lower-than-expected sales and profit forecast for its final quarter.

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Retail News - Primark owner AB Foods expects second half profit to beat forecast
Photo credit: My-Retail Media

Food and apparel company Associated British Foods Plc has revealed it expects second-half earnings to exceed its own expectations for the period thanks to a surge in growth at its fast-fashion chain, Primark. The FTSE 100 company said its adjusted operating profit for the second half will top forecasts, while adjusted earnings share for the 12 months to 14 September will “show good progress,” the group said in a statement on Monday.

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