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…
Amcor has more than doubled full-year profit to $US597 million ($A752 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 $US9.1 billion ($A11.5 billion). Amcor CEO Ron…
On Aug 18, we issued an updated research report on Terex CorporationTEX , a global equipment manufacturer. The company is set to benefit from progress on capital allocation strategy. Also its focus on portfolio restructuring and cost-saving initiatives is likely to boost results in the near term. Notably, Terex fulfilled its commitment to focus on…
It has been about a month since the last earnings report for PPG Industries, Inc. PPG . Shares have lost about 3.8% in that time frame, underperforming the market. Will the recent negative trend continue leading up to the stock’s next earnings release, or is it due for a breakout? Before we dive into how…