Edition:
United Kingdom

Uday Sampath Kumar

Coronavirus concerns loom over cruise industry

14 Feb 2020

NEW YORK/BENGALURU The rapid spread of the coronavirus disease is taking a toll on the $46 billion global ocean cruise industry.

Mattel beats profit estimates as cost cuts take hold

14 Feb 2020

Mattel Inc on Thursday beat estimates for quarterly profit as it benefited from a robust cost-cutting programme, even as holiday season sales of its flagship Barbie brand in North America were pressured by Hasbro Inc's "Frozen" dolls.

Cruise operator Carnival sees hit to earnings from coronavirus fallout

12 Feb 2020

Carnival Corp , the operator of a cruise ship quarantined in Japan due to coronavirus cases, warned on Wednesday of a hit to its annual earnings from a potential suspension of its operations in Asia due to the outbreak.

Cruise operator Carnival sees hit to earnings from coronavirus fallout

12 Feb 2020

Carnival Corp , the operator of a cruise ship quarantined in Japan due to coronavirus cases, warned on Wednesday of a hit to its annual earnings from a potential suspension of its operations in Asia due to the outbreak.

Lightsabers and princesses star in toymaker Hasbro's holiday quarter

11 Feb 2020

Stormtroopers, lightsabers and Elsa dolls powered Hasbro Inc's holiday-quarter profit as toy demand was spurred by the release of new Star Wars and Frozen movies, sending the company's shares 7% higher. | Video

Michael Kors owner Capri sees $100 million hit from coronavirus, cuts targets

05 Feb 2020

Michael Kors owner Capri Holdings Ltd cut its forecasts on Wednesday as it warned of a $100 million hit to revenue due to the coronavirus outbreak in China, which has led to 150 store closures and travel restrictions on high-spending tourists.

Ralph Lauren holiday margin gets boost from higher prices for winter wear

04 Feb 2020

Higher prices for Ralph Lauren Corp's down jackets and fleeces during the crucial holiday season boosted its margin and helped the company beat quarterly profit estimates on Tuesday, sending the fashion house's shares up over 8%. | Video

Levi's shuts half its China stores on coronavirus outbreak, expects financial hit

30 Jan 2020

Levi Strauss & Co has shut about half of its stores in China due to the outbreak of a new coronavirus and will take a near-term financial hit as a result of the epidemic, Chief Financial Officer Harmit Singh said on Thursday.

Oreo maker Mondelez sees coronavirus hurting first-quarter sales

29 Jan 2020

Mondelez International Inc , the maker of Oreos and Chips Ahoy cookies, on Wednesday said it expects first-quarter revenue will be impacted by the coronavirus spreading across China, and it has temporarily closed two factories.

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