That's translated to
weak sales growth.
That was
the weakest sales growth since 2006, «raising doubts about the stability of consumption amidst the construction and industrial slowdown,» said Brian Jackson of IHS Global Insight in a report.
As Coles posted
its weakest sales growth in nine years, incoming Wesfarmers boss Rob Scott made clear he would not be distracted by short - term performance.
Not exact matches
Still,
sales growth at its parent company Yum Brands was
weaker than expected, hurt by a chicken shortage at KFC chain restaurants in the U.K. and Ireland.
However, footwear
sales in North America remained
weak, while apparel
sales growth in the region was flat year - over-year.
Nike (nke) expects
sales growth to recover in North America after a
weak March - May quarter, helped by the upcoming Olympics, an expansion of its basketball business and clearing excess stock, brand chief Trevor Edwards told Reuters.
While same - store
sales in all of Starbucks» regions were
weaker than expected,
growth in China was robust.
Dollar Tree reported its earnings on the same day, also delivering
weaker - than - expected same - store
sales growth of 1.2 percent when the Street expected 2.3 percent.
Riding a string of disappointing quarters amid
weak global demand, Potash Corp. needs to increase its
sales in
growth markets, particularly India and China.
It says the U.S. economy is
weaker than the headline numbers indicate because the sharp recession of 2008 - 2009 has thrown seasonal - adjustment factors out of whack and they are inflating the smoothed, annualized
growth numbers for output, employment, income and
sales.
PARIS, April 12 - L'Oreal posted better - than - expected
sales growth in the first quarter on Thursday, driven by luxury cosmetics like Lancome and demand in Asia, though the French beauty giant is still struggling to kickstart its
weaker mass market division.
«A
weaker US dollar is positively related to S&P 500
sales growth and earnings revisions.»
What's more, the stronger dollar, which is not totally unconnected to
weaker growth overseas, is hurting the profitability of foreign
sales.
The department store company, which has reported
sales declines in its last 11 quarters despite closing dozens of
weak stores, said on Thursday, that comparable
sales rose 1 % in November and December, a modest increase to be sure, but one that puts Macy's on track to report its first quarter of
growth in three years.
Over time, he expects the company's
sales growth to slow as competition increases, and
sales become
weaker in the U.S. than they are in Canada.
The Bank of Canada reported Monday that business sentiment for future
sales growth remained «
weak» in the second quarter as Canada's energy industry struggled with an oil shock.
We expect the Fed to raise rates just once this year — likely in December — and to proceed cautiously given the unevenness of the domestic economic recovery, as highlighted by
weak retail
sales data released last week, and global
growth uncertainties.
Fitbit's strong
growth abroad might eventually offset its
weak U.S.
sales, while the expansion of its digital ecosystem — which includes its subscription - based Fitbit Coach and its acquisition of digital health platform Twine Health — could lock in more users.
The decline of 6.6 % was due entirely to
weaker first quarter
sales growth at Defence.
Over time, the stock market has reached new records, powered by economic and earnings
growth.2 We expect both to continue: The domestic economy is picking up a little speed, helped by improving
growth in the rest of the world, and company earnings have benefited from better
sales, the
weaker dollar and still - low interest rates.
Weak drone
sales, slow
growth in the virtual reality market, and a shortage of memory components all contributed to the guidance cut.
Despite
weak same - store
sales growth, the company's strategy of refranchising and cutting costs along with falling food prices have lifted profits.
Sales growth slowed to zero in the fourth quarter and for the full 2017 year as the maker of Huggies diapers and Kleenex tissues struggled with
weak consumer demand.
Organic
sales growth trends held steady at a 1 % decline, and while that performance met management's reduced outlook, it was still quite
weak.
The battle for market share between the major grocery chains and independent retailers has led to the
weakest supermarket
sales growth in almost two years.
Supermarket and grocery store
sales rose just 2.9 per cent - the
weakest rate of
growth since September 2013 and well below the six month trend - as Woolworths, Coles and independents supplied by Metcash cut prices to regain market share lost to Aldi.
While overall retail
sales growth exceeded market forecasts in June, delivering a long - awaited shot in the arm to traders, food
sales growth was
weaker than expected due to intensifying price competition between Woolworths, Coles and independent retailers.
The commercial operations, including recently acquired food distributor Hudson Pacific Corp, were performing in line with expectations, as was the coffee and beverages business, as
growth in commercial coffee contracts offset
weaker sales in lower - margin supermarket capsules.
While the annual unit
sales growth of print books is expected to be slightly
weaker this year than in the previous two years, global information company The NPD Group predicts a strong holiday season with 5 percent unit
sales growth in the remaining five weeks.
The auction, almost certainly the largest public
sale of its kind, comes amid strong mobile industry
growth — and soaring litigation — as relative latecomers Apple and Google seek to bolster
weaker collections of patents versus rivals.
It is doing so at a time when the overall tablet market is no longer the
growth juggernaut it once was, with
weak sales from the likes of Apple and Samsung.
«The combination of
weaker contract signings and the expected pause in activity in the Houston region because of Hurricane Harvey will likely slow overall
sales growth in coming months,» said Yun.
«The combination of
weaker contract signings and the expected pause in activity in the Houston region because of Hurricane Harvey will likely slow overall
sales growth in coming months,» says Yun.
As the holiday shopping season draws near, the
weaker retail chains will be facing their hour of reckoning, with their
sales growth during the November / December period determining their ability to survive.
With the exception of multifamily housing, which will benefit from the continuing slack in home
sales, all major sectors are expected to see increasing vacancies, negative rent
growth, and generally
weak absorption in 2010.
«Several positive underlying fundamentals, particularly a stronger labor market and improved household spending power due to reduced energy expenses, should lead to a rise in home
sales despite growing global economic concerns and relatively
weak GDP
growth,» he said.
«I'm very pessimistic,» he said, noting that
weak job
growth in the Chicago area and concerns about the state's huge debts and unresolved budget are stifling housing
sales.