The Austrian fibre producer behind the Tencel brand has posted a 5.2% decline in sales to €1.64 billion ($1.8bn) for the first nine months of the year, as it was forced to pay more for key raw materials.
Christmas spend could dip slightly in the West End this Christmas a new prediction shows but it also says that the challenging year has made it a buyers market that should tempt people away from their screens.
Superdry may be under pressure at the moment from its unhappy co-founder, and it may have had a tough time in the summer, but its trading update on Thursday painted a picture of a company in reasonably good health.
Walmart said it would start offering holiday deals for customers as early as Thursday, as it prepares to compete with Amazon, Target Corp and other rivals for shoppers on one of the busiest shopping days of the year.
Following the news that Amazon now plans to split its new headquarters between two sites, including Long Island City, residents are concerned how the once-sleepy enclave in Queens will absorb the online retail giant.