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Margins fell from 6.2percentto5.1percentr cent.
Such debts became insupportable as margins fell and credit dried up.
Department store profit margins fell because of heavy price-cutting and weak demand for catalog sales.
Shell's oil refining unit reported a lower-than-expected drop in earnings after crude processing margins fell.
The company said gross margins fell to 36.9 percent, from 41.8 percent in the quarter a year ago.
Dell's margins fell to 18percentt from 21percentt, which Mr. Cihra said was the company's lowest in five years.
Similar(11)
"But the long-term profitability of the company would be slightly lower and its value equivalently lower if margins fall".
Given the weaker early booking trends we currently assume Northern European margins fall from 8.9%to8.0%0% in 2009.
The biggest Swiss names are dogged by litigation and calls for more capital just as costs are rising and margins falling.
Heavy discounting led to margins falling and extra stock means further markdowns will be needed to clear stock this month and next.
"The big companies are saying, 'Please, somebody manage this for me.' " Companies are lining up to do just that, as profit margins fall in the hardware business.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com