The world's biggest watchmaker Swatch Group is expecting sales to improve in the second half of this year after a difficult start to the year, group's CEO Nick Hayek said in remarks published Sunday 12 July.
John Lewis Partnership, the employee-owned group seen as a barometer of UK retail spending, said department store sales in the week to July 4 were held back by sunny weather and the distraction of Wimbledon.
Chattem Inc posted a 17% rise in quarterly profit that beat market estimates, helped by strong sales in the United States, and backed its full-year adjusted earnings forecast, sending its shares up 4 percent in trading before the bell.
Hot Topic Inc widened its second-quarter loss forecast citing lower-than-expected sales performance till date, and posted a 7.9 percent fall in June sales at stores open at least a year, sending its shares down 5 percent.
Discount fashion retailer Primark said third-quarter like-for-like sales rose above the 5 percent level seen in its first half helped by good weather and the attractions of its low prices in a downturn.
Osisko Mining Corp said it closed an agreement in principle with the Societe generale de financement du Quebec for a financing of C$75 million ($64.65 million) for development of its Malartic project in Quebec.
Nehmatullah Yusefy's burqa sales have dropped 50 percent since the Taliban were toppled in 2001 and he says he will soon need to start stocking other styles of Islamic dress to make up for lost profits.