OK Zimbabwe sales up 5,1 percent

Zimbabwe Stock Exchange (ZSE)-listed retail group OK Zimbabwe Limited has recorded a 5,1% increase in revenue to $123,1 million for the three months ending June 30, 2013, driven by cost-cutting measures and branch network expansion. Speaking at the company annual general meeting on Friday, OK Zimbabwe chief executive officer Willard Zireva said the growth in... Continue Reading →

Hugo Boss Second-Quarter Profit Beats Estimates on Stores

Hugo Boss AG (BOSS) reported earnings that beat estimates after the German luxury-clothing maker opened more stores and tightened inventory handling to protect pricing. Earnings before interest, taxes, depreciation, amortization and one-time items rose 31 percent to 101.8 million euros ($135 million), Metzingen-based Hugo Boss said in a statement today. The average estimate of 11... Continue Reading →

Google to launch Middle East Hotel Finder

Google is preparing the Middle Eastern launch of its Hotel Finder search tool that will allow hotel guests to search for available hotels and compare room rates instantly. Already available through Google’s international sites, the US based search company is in the process of localising the service for the Middle East so that it is... Continue Reading →

Burger King coming soon to a Sasol near you

BURGER King South Africa, which launched in Cape Town in May, has signed an agreement with Sasol to open restaurants at its petrol-station forecourts, starting at the end of the year. The deal includes company-owned outlets as well as franchising opportunities to current and potential Sasol franchisees. José Cil, president of Europe, Middle East and... Continue Reading →

Starbucks serves tasty Q3 results as profit rises 25%

Seattle — Starbucks Corp. reported strong results for third quarter fiscal 2013, with net revenues, same-store sales and operating income all increasing substantially from the same quarter a year earlier. Net earnings grew 25%, from $333.1 million to $417.8 million. Net revenues totaled about $3.7 billion, up 13% from $3.3 billion. Same-store sales increased 8%... Continue Reading →

Coach Is Losing Ground Against The Competition

Net income at Coach fell a whopping 12% this quarter as the retailer faces intense competition from Michael Kors, Kate Spade, and Tory Burch, the company said in an earnings statement today, according to Bloomberg. Chief Financial Officer Jane Nielsen said the negative sales trend will continue for the next year. In an attempt to... Continue Reading →

Create a free website or blog at WordPress.com.

Up ↑