In a question-and-answer session with reporters Tuesday, Dell laid out two themes that he hopes will reinvigorate sales: slashing the costs of information technology for businesses and widening its product portfolio.
Last Friday, Macy's advertised a "get-ready sale" with markdowns up to 75%; Sears promoted a "great 3-day sale," slashing prices in half; and Robinsons-May trumpeted its "lowest prices of the season". Sporting goods chain Sportmart is taking 25% off any single item today for those who plan to start their Christmas shopping before Thanksgiving is over.
[C3.] Nokia, the world's largest cellphone maker, reported a second-quarter drop in sales and slashed its earnings forecast for the current quarter.
The company's most valuable asset is its library of 4,000 movie and television shows, including Rocky and Dances WithWolves, but a drop in DVD sales has slashed profits.
Under Armour reported another quarter of declining sales and slashed its outlook again on Tuesday, citing a challenging U.S. retail environment.
E-commerce is no cash cow for fast-fashion retailers, whose thin profit margins from high volume sales are slashed by free shipping and returns.
To make up for the deficiency in sales, Toshiba slashed prices on their HD DVD players to $399 in May, while Sony could only muster a $499 price tag before their latest could even go on sale.
Nov 6 (Reuters) - Abercrombie & Fitch Co's shares were set to open around 7percentt lower after the teen fashion retailer reported sliding sales and slashed its profit outlook.
It's rare to see sales in the middle of the summer, but right after the Fourth of July weekend, Southwest Airlines ran one of its biggest sales ever, slashing one-way fares below $100 on many shorter routes in the fall, like New York to Baltimore for $30.
All sorts of hardship measures are envisaged including extending the sales tax, slashing government borrowings and expenditures, and ending sundry subsidies and exemptions.
