hit Archives

West End’s a hit for Shaftesbury Capital as it sees major full-year gains

February 29, 2024 mpsingh No Comments Business ends, gains, hit, Major, sees, West

What better way to open a year-end results statement. Shaftesbury Capital’s chief exec Ian Hawksworth said Thursday: “It’s been an excellent start [for us] with positive metrics delivered across the business”. Shaftesbury And with property peer Hammerson also reporting a record year of leasing on the same day, the commercial property sector has certainly left [...]read moreWest End’s a hit for Shaftesbury Capital as it sees major full-year gains

SMCP hit by tough finale to 2023 as profits fall, but sales still edged up

February 29, 2024 mpsingh No Comments Business fall, finale, hit, profits, sales, tough

SMCP‘s full-year results Wednesday saw it confirming that sales rose 4% at constant exchange rates (3% on an organic basis) to reach €1.231 billion. But net profits still plummeted and the company is intensifying its efforts to boost its brands and control costs. Sandro The company said the average in-season discount rate had stayed “nearly [...]read moreSMCP hit by tough finale to 2023 as profits fall, but sales still edged up

Kontoor Brands Q4 sales hit by U.S. inventory management, China a bright spot

February 28, 2024 mpsingh No Comments Business China, hit, Inventory, Management, sales, spot, U.S

Kontoor Brands on Wednesday reported a 8 percent decline in fourth-quarter sales to $670 million, with sales hindered by retailer inventory management actions in the U.S., which offset gains in digital wholesale, China and direct-to-consumer. Wrangler The American firm said U.S. revenue was $538 million, down 11 percent compared to the prior year, hit by a 12 [...]read moreKontoor Brands Q4 sales hit by U.S. inventory management, China a bright spot

Many UK exporters, retailers hit by Red Sea disruption, survey shows

February 26, 2024 mpsingh No Comments Beauty hit, Red, retailers, sea, Shows, Survey

By Reuters Published Feb 26, 2024 Most British exporters, retailers and manufacturers have felt an impact from disruption in the Red Sea caused by attacks on shipping by Yemen’s Iran-aligned Houthi rebels, according to a survey. Photo: Pixabay The British Chambers of Commerce said 55% of exporters reported disruption, as did 53% of manufacturers and [...]read moreMany UK exporters, retailers hit by Red Sea disruption, survey shows

Steam’s Latest Hit Game Is All About Screwing Around With Poker’s Rules

February 24, 2024 mpsingh No Comments Gaming Game, hit, latest, rules

Developer LocalThunk and publisher Playstack have revealed that their game, Balatro, has sold over 250,000 copies within its first 72 hours of release across all platforms. Balatro is a poker-inspired roguelike card game where players combine unique Joker cards. There are over 150 different types of Joker cards that hold different abilities, along with five [...]read moreSteam’s Latest Hit Game Is All About Screwing Around With Poker’s Rules

If You Want Mother 3 In English, Hit Up Nintendo, Creator Says

February 22, 2024 mpsingh No Comments Gaming Creator, hit, Nintendo

Mother 3 is one of those games everyone talks about but hardly anyone has played—and for a bummer reason. The 2006 Game Boy Advance RPG was never officially released outside of Japan (it’s called Earthbound everywhere else) so unless you imported it and understood Japanese, you couldn’t experience the famously elusive title. Creator Shigesato Itoi [...]read moreIf You Want Mother 3 In English, Hit Up Nintendo, Creator Says

Xbox’s Biggest Surprise Hit Of 2023 Is Coming To Switch 2: Report

February 22, 2024 mpsingh No Comments Gaming Coming, hit, report, Surprise, Switch

Image: Tango Gameworks Xbox recently announced that four of its older titles would be going multiplatform, and finally detailed which games would be making the leap earlier this week. Among the games is Hi-Fi Rush, Bethesda and Tango Gameworks’ surprising rhythm-action game that came out of nowhere early last year. [...]read moreXbox’s Biggest Surprise Hit Of 2023 Is Coming To Switch 2: Report

US health tech giant Change Healthcare hit by cyberattack

February 22, 2024 mpsingh No Comments Technology Change, giant, Health, Healthcare, hit, tech

U.S. healthcare technology giant Change Healthcare has confirmed a cyberattack on its systems. In a brief statement, the company said it was “experiencing a network interruption related to a cyber security issue.” “Once we became aware of the outside threat, in the interest of protecting our partners and patients, we took immediate action to disconnect [...]read moreUS health tech giant Change Healthcare hit by cyberattack

Red Sea disruption could hit spring drops

February 16, 2024 mpsingh No Comments Business Drops, hit, Red, sea, Spring

Asia-produced spring fashion could be slow in getting to UK stores, hitting profits as deliveries continue to be hit by Red Sea shipping attacks. Rating agency Moody’s has warned European fashion retailers’ new stock could be thin on the racks as attacks on vessels in the Red Sea continue to disrupt ships containing that stock. The [...]read moreRed Sea disruption could hit spring drops

HanesBrands Q4 sales hit by continuing Champion woes

February 16, 2024 mpsingh No Comments Business hit, sales, woes

HanesBrands announced on Thursday net sales for the fourth quarter dove 12% to $1.3 billion, hurt by dismal sales at the apparel maker’s Champion brand, particularly in the U.S, and a challenging Australia market. Champion Global Champion brand sales decreased 23% on a reported basis, as compared to prior year, with U.S. sales decreasing 30%, driven by the [...]read moreHanesBrands Q4 sales hit by continuing Champion woes