Cencosud suffered losses of 63,700 million pesos in the second quarter

Cencosud S.A., the largest retailer in Chile and with operations in Brazil, Argentina, Colombia and Peru, reported this Thursday losses of about 63,700 million pesos in the second quarter, hit by the coronavirus pandemic. According to its consolidated financial results for April-May-June, this negative result was explained by the devaluation of the Argentine peso and … Read more

The Covid-19 Pandemic, the Smartphone Industry Declines in the Second Quarter of 2020

TEMPO.CO, Jakarta – TrensForce released the latest data regarding the industry smartphone globalization as a whole has slowed down in the second quarter of 2020. According to the report, as a result of the Covid-19 pandemic, factories and retail stores closed down causing massive delays in supply chains, as well as slumping sales. TrendForce estimates … Read more

Pandemic, Global Smartphone Sales Drop 20 Percent

Merdeka.com – The Covid-19 pandemic has an impact on the number of smartphone sales worldwide. The impact was a drastic decline in the second quarter of 2020. Based on a report from Gartner, the number of smartphones that reached users was 295 million units, down 20.4 percent compared to the first quarter of 2020. Quoting … Read more

‘Sudden Lights’ will end the summer concert season of Kalnciems quarter

On Thursday, August 27, the group “Sudden Lightsinvites to the closing party of the summer season in Kalnciems quarter. It will be the closing concert of the open – air concert series. Content will continue after the ad Advertising “We are very honored that our concert in Kalnciems quarter will end the summer open-air concert … Read more

The S&P Merval fell 1.6% and posted its fourth consecutive decline

The main drops were registered by the shares of Banco Macro (-4%), Telecom (-3.9%) and Banco Supervielle (-3.7%). Meanwhile, significant gains were perceived in Byma (6%) and Grupo Financiero Valores (5.9%). The leading panel fell almost 7% so far in August and it has the MA (moving average) of 50 days as important support around … Read more

Falabella more than doubled online sales, but lost US $ 157 million in the second quarter

A highly challenging quarter was April-June for Falabella SA, as well as for all retail, affected by the closure of stores and a sharp decline in physical sales. The company reported a loss of US $ 157 million in the second quarter of 2020, US $ 136.3 million accumulated in the first half, which is … Read more

OECD countries: GDP fell 9.8% in the second quarter

The gross domestic product (GDP) showed an unprecedented drop of 9.8% in the second quarter of 2020, amid the economic crisis linked to the Coronavirus epidemic, according to provisional estimates made public on Wednesday August 26 by the Organization for Economic Cooperation and Development (OECD). “Following the introduction of containment measures around the world since … Read more

Companies: Chilean Falabella registers losses in second quarter due to pandemic

Updated 08/25/2020 at 8:30 PM The Chilean Retail Group Falabella recorded losses for the equivalent of US $ 157.8 million in the second quarter affected by the restrictions applied to prevent the spread of coronavirus in the countries it operates. The result is compared with a gain for the equivalent of about US $ 145 … Read more

Store closure hits Falabella and reports millionaire losses in the second quarter

The severe blow of the pandemic was reflected in Falabella’s second quarter results. This is because the firm reported losses of $ 128,807 million, which are compared to profits of $ 98,284 million in the same period of the previous year. When looking at the accumulated for the year, the losses stand at $ 111,932 … Read more

Portfolio under the microscope: All Berkshire Hathaway shares sold: Bill Ackman restructures depot in second quarter | message

To make it easier for you to keep track of the large number of messages that appear for a company every day, we have divided the news feed into the following categories: Relevant: News from selected sources dealing specifically with this company All: All news regarding this company. For example, market reports that also affect … Read more