kwartaalcijfers

Levi's is cutting 700 jobs in its offices, or about 15% of the workforce. As a result of the corona crisis, turnover of the jeans brand fell by no less than 62% in the past quarter and uncertainty remains.

After two years of growth exceeding expectations, the wave of profits at Amazon is now coming to an end. Even though sales and profits have increased, analysts expected more.

In the past quarter, Coca-Cola has scored a hit with sugar-free, coffee and the Netflix hit Stranger Things. The soft drink group exceeds expectations with a 6% turnover growth.

Online furniture discounter Vente-Unique saw its turnover rise by 10% in the past quarter. The 'flash sales' company especially grew beyond its domestic market of France.

Levi Strauss, better known as Levi's, will be opening another 100 stores, mostly in Europe and China. The brand is doing extremely well and sold 7% more products in the past quarter.

Hudson’s Bay considers the past quarter an improvement, even though turnover is still dropping. "We're a much stronger and more capable company than a year ago," the department store group believes. Nevertheless, HBC is still planning to close a number of stores to boost profits.

Fashion group Urban Outfitters has achieved a record quarter: the 13,7 % increase in turnover to 992 million dollar (about 850 million euro) was unprecedented and easily exceeded analysts' expectations.