Cavalier Corp sank back into the red after the overhaul of the wool carpet maker’s operations proved more expensive and more prolonged than expected, raising flags over the company’s ability to keep operating as a going concern. The Auckland-based company posted a loss of $2.1 million, or 3.1 cents per share, in the 12 months…
Cavalier Corp sank back into the red after the overhaul of the wool carpet maker’s operations proved more expensive and more prolonged than expected, raising flags over the company’s ability to keep operating as a going concern. The Auckland-based company posted a loss of $2.1 million, or 3.1 cents per share, in the 12 months…
Macys, Inc. announced several changes intended to improve the companys performance, including the hiring of Hal Lawton as president, the creation of a single simplified merchandising organization and an enhanced focus on the companys data analytics capabilities. Hal Lawton Named President of Macys Hal Lawton has been named president of Macys, effective Sept. 8. As president, Lawton will be…
On Tuesday, shares of department store Macy’s Inc. M are gaining, up over 4% in late-morning trading after the company announced a major restructuring plan that could be exactly what the struggling retailer needs. Macy’s said it will be cutting 100 jobs as part of a consolidation plan to unite its merchandising, planning, and private…
The retail landscape has been undergoing a fundamental change. With digital transformation in shopping and consumers splurging online, store and mall traffic has been hit hard. As a result, most retailers, including big-box, are struggling to compete with e-commerce channels and are being forced to trim store count to focus more on an online model.…
The Advertising Standards Authority of South Africa (ASA) has undergone radical restructuring with a new acting CEO in place, major fundraising underway and various business rescue recommendations being implemented. Gail Schimmel, advertising law specialist and acting CEO of the organisation since June, says the ASA had become removed from the industry and somewhat arrogant. It…
The Amcor Limited (ASX: AMC) share price has edged higher today after the packaging company released its full-year results. At the time of writing Amcor?s shares are up 0.5% to $16.07, bringing their year-to-date return to almost 8%. Key takeaways from today?s result include: Sales revenue down 3.4% to US$9.1 billion. EBITDA up 2.7% to US$1,447 million (4.2% in…
Amcor has more than doubled full-year profit to $US597 million ($752 million), as acquisitions dominated a year of strategic restructuring. While the packaging giant delivered profits well beyond last year’s $US244.1 million, Amcor’s revenue from ordinary activities for the year to June 30 fell 3.4 per cent to $US9.1 billion. Profit in Amcor’s flexible packaging…
Amcor more than doubled its annual profit to $US597 million ($A752 million) after acquisitions dominated a year of strategic restructuring. While the packaging giant delivered a profit well beyond last year’s $US244.1 million, revenue from ordinary activities for the year to June 30 fell 3.4 per cent to $US9.1 billion ($A11.5 billion). Deutsche Bank research…
Amcor chief executive Ron Delia says the packaging giant will be untroubled by the structural shifts in e-commerce as online giants such as Amazon upend traditional business models, with demand picking up for “smart” packaging. He said on Tuesday consumer goods companies are increasingly asking for more protective packaging, better authentification and there is a…