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[C2.] Gillette Reports Lower Sales Gillette reported lower sales and earnings for the fourth quarter.
Another competitor, Nortel, had previously projected lower sales.
The international food business showed lower sales, but profits rose 5.1percentthethe company said.
Office Depot said it was hurt by drastically lower sales of high-priced items like computers.
But as Apple's most profitable gadget and lower sales would impact margins.
Penney said profit dropped because of lower sales at its department stores and Eckerd drugstore chain.
Both actions resulted from lower sales tax revenue because of fewer skiers.
"People would have lower sales because addicts won't want the drug," he said.
The company blamed lower sales and earnings on Veeco's acquisition of CVC, a competitor.
Publishing revenue slipped 8percentt on lower sales in the Pocket Books division.
Lower sales induce firms to cut back production and to lay off workers.
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