DP World completes Cargo Services acquisition
DP World has completed its acquisition of Hong Kong-headquartered freight forwarder Cargo Services Far East ...
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
While UK retailer John Lewis’ five-week sales up to 27 December saw a 5.8% increase, Marks & Spencer, another iconic UK high street name, saw general merchandise sales fall by the same amount in the third quarter, while online sales fell 5.9%, year-on-year. The company blamed unseasonal weather in the early part of the quarter, which affected clothing sales, and then disruption at its Castle Donington online sales distribution centre. While John Lewis steamed ahead in multichannel retailing, “M&S’s logistical problems meant that it could not properly enjoy the fruits of this growth”, said one analyst. “A dismal set of figures.”
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