April 27 (Reuters) – The factory collapse in Bangladesh that
killed over 300 people this week is a stark reminder of the
risks in the global retail industry’s search for cheap
But there have been few signs that safety issues and other
questionable labor conditions are sending shockwaves through the
major Western retailers, their shareholders or the people who
buy the clothes in the United States, Europe and elsewhere.
April 23 (Reuters) – Coal shipments by Norfolk Southern Corp
fell sharply in the first quarter, but the U.S. railroad
still posted a higher profit on increased transport of goods.
Donald Seale, chief marketing officer, said domestic demand
for coal, a key part of Norfolk’s business, is expected to stay
weak in the near future as electric utilities replace coal with
cleaner, low-cost natural gas.
April 23 (Reuters) – FedEx Corp launched a new
service to let customers select from a range of options to
schedule dates, locations and times of delivery, catching up to
rival UPS, which offered its “UPS My Choice” service
more than a year ago.
Residential shoppers, who are a growing part of the
company’s business thanks to the rise of online purchases, can
receive notification of FedEx Express and FedEx Ground packages,
and track and manage deliveries without a tracking number or
CHICAGO, April 11 (Reuters) – Qatar Airways Chief Executive
Officer Akbar Al Baker said he hopes that all five of the
airline’s Boeing 787s will be back in service by the end of
April, as confidence grows in the industry that regulators may
be close to declaring the jet safe.
Speaking at the launch of Qatar’s service to Chicago, Al
Baker also said he thinks Boeing’s fix for the battery system
that overheated on two planes in January will work. He said if
it were not the right solution, the Federal Aviation
Administration would not have approved the testing plan for it.
Boeing completed testing on April 5.
(Reuters) – Nike Inc’s (NKE.N: Quote, Profile, Research, Stock Buzz) quarterly profit beat Wall Street’s expectations, as margins increased and world-wide future demand for its apparel and shoes rose, sending its shares up 8 percent.
Global orders for Nike-branded shoes and clothing scheduled for delivery from March through July 2013, known as futures orders, rose 6 percent compared to orders reported for the same period last year. In North America, the company’s biggest market, orders increased 11 percent.
(Reuters) – Leading clothing retailers like Gap Inc (GPS.N: Quote, Profile, Research, Stock Buzz) , American Eagle Outfitters (AEO.N: Quote, Profile, Research, Stock Buzz) are forecast to report larger fourth-quarter profits in the coming weeks, the latest evidence that smart inventory management and lower costs helped overcome sluggish holiday sales for most in the industry.
For calendar 2013, clothes retailers are expected to see margins improve due to better control of when their products arrive in stores, lower manufacturing costs and smarter use of technology for online sales and price comparisons.
(Any opinions expressed here are those of the author, and not necessarily those of Thomson Reuters Corp.)
The mother and father of the 23-year-old Delhi gang-rape victim were cremating their daughter’s body around the same time I discovered Honey Singh, now lately known for his notorious song, “Ch**t,” or “Cu*t.” The song revolves around the singer’s vision of satisfying a woman’s lust, followed by beating her with a shoe and then moving on to other things.
Dec 28 (Reuters) – British education and media publisher
Pearson Plc has agreed to acquire a 5 percent stake in
Barnes & Noble Inc’s Nook Media unit for $89.5 million,
sending shares of the bookstore operator up as much as 9.7
percent on Friday.
The Nook Media unit comprises Barnes & Noble’s digital
businesses – including the Nook e-reader and tablets and the
Nook digital bookstore – and 674 college bookstores across the
(Reuters) – British education and media publisher Pearson Plc has agreed to acquire a 5 percent stake in Barnes & Noble Inc’s Nook Media unit for $89.5 million, sending shares of the bookstore operator up as much as 9.7 percent on Friday.
The Nook Media unit comprises Barnes & Noble’s digital businesses — including the Nook e-reader and tablets and the Nook digital bookstore — and 674 college bookstores across the United States.
Dec 26 (Reuters) – The 2012 holiday season may have been the
worst for retailers since the 2008 financial crisis, with sales
growth far below expectations, forcing many to offer massive
post-Christmas discounts in hopes of shedding excess inventory.
While chains like Wal-Mart Stores Inc and Gap Inc
are thought to have done well, analysts expect much less
from the likes of book seller Barnes & Noble Inc and
department store chain J. C. Penney Co Inc.