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[C4.] Executive Lays Out Plans to Revive Volkswagen Wolfgang Bernhard, the No. 2 executive at Volkswagen, laid out his plans to revive a company hobbled by anemic sales, deteriorating quality, troubles in China and an unnaturally close relationship between the management and employee leaders.
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The chief financial officer, Troy Alstead, said that same-store sales deteriorated by 9percentt in the United States since the company's fiscal first quarter began at the end of September.
George Pipas, a market analyst at Ford, says the auto industry already has its biggest production cuts behind it unless sales deteriorate more than expected.
McDonald's Holdings Japan said it would lose money this year instead of turning a small profit as sales deteriorate and workers voluntarily retire.
Last month JJB, which has 180 stores and employs more than 4,000 people, again went cap in hand to investors after sales deteriorated despite an unprecedented summer of sporting action.
Two years ago, the authors of "The Beardstown Ladies Common-Sensee Investment Guide" watched their sales deteriorate along with their savvy reputation when the group of women from Beardstown, Ill., acknowledged that their dust-jacket boast of having beaten the stock market with 23.4percentt annual returns was actually inflated by a computer data error.
"But there were quite a few red flags on the financials: gross margins were declining, interest coverage was getting worse, return on sales was deteriorating".
The analyst noted positive results in France and Germany have been overshadowed by soft sales and deteriorating profit margins in the United Kingdom.
Book sales have deteriorated since the beginning of October, falling about 7percentt compared with the same period the previous year, according to Nielsen BookScan, which tracks about 70percentt of sales.
The company said it was "unlikely but possible" that sales would deteriorate further and the poor performance of the last six weeks could indicate a weaker underlying demand for clothing and potentially a wider consumer slowdown.
Its sales have deteriorated in recent months because of weakening construction.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com