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Tag Archives: Slump

Report: Lanvin in Financial Trouble, Sales Expected to Slump 30 Percent

PARIS, France — Auditors for Lanvin, France’s oldest fashion house, have filed a warning with a commercial court in Paris over financial troubles at the label as it struggles to stem slumping sales, two sources familiar with the company’s performance said. The privately owned label, founded in 1889 and long synonymous with Parisian chic, does not publish its earnings. However, ...

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Box Office: ‘Thor: Ragnarok’ to Smash Fall Slump at $118 Million

Disney-Marvel’s “Thor: Ragnarok” is set to smash the fall box office stupor, hauling in a massive $ 118 million at 4,080 North American locations. The third “Thor” film will rival “Spider-Man: Homecoming” as the second-best opening in 2017 for Marvel, with Friday showings reeling in around $ 45 million including $ 14.5 from Thursday previews. “Guardians of the Galaxy Vol. ...

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Nordstrom Ramps Up Holiday Hiring Despite Slump

NEW YORK, United States — Nordstrom Inc. wants to hire 13,650 workers to help meet seasonal demand as it heads into the crucial holiday period. When the company put a buyout deal on hold earlier this month, management vowed to focus on the holiday season instead. It’s now the latest department-store chain to boost employment even as the industry moves to ...

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Pound to euro exchange rate: Sterling shows signs of improvement after ‘slump’ on Friday

The exchange rate has climbed to €1.1375 against the euro this morning, according to figures released by Bloomberg. This is up from €1.1289 as markets closed on Friday evening. Pound sterling was affected by Theresa May’s Brexit speech, with her appearance in Florence causing a dip in the pound. Many were left with questions over the future of Brexit and ...

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Macy's, Kohl's Renew Fears of Department Store Slump

NEW YORK, United States — A fresh round of sales declines at Macy’s Inc. and Kohl’s Corp., though less severe than Wall Street had feared, is renewing concerns that the department store industry is mired in a slump. Shares of both retailers declined on Thursday after the quarterly results failed to assure investors that a comeback was taking hold. Same-store ...

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