Unilever Sales Fall 4 Percent in Quarter
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Unilever PLC, the Anglo-Dutch consumer products maker, said Wednesday its business suffered from weak demand and poor weather in the third quarter, with sales of Ben & Jerry's ice cream and Lipton Tea falling.
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Supermarket group Sainsbury's says the decline in its food sales slowed to 0.4% over the festive period after it improved product availability.
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French media and telecommunications giant Vivendi Universal reported that third quarter sales fell to 4.7 billion euros (6.1 billion dollars) from 5.9 billion a year earlier but were nonetheless ahead of experts' expectations.
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Children's Place Retail Stores Inc.  on Monday said weak sales at its Children's Place and Disney Store chains caused a 4 percent decline in June same-store sales, forcing the retailer to forecast a wider net loss for the current quarter than analysts had expected.
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Unilever shares have fallen 5.7% after the Anglo-Dutch consumer goods giant issued a surprise profits warning. Unilever said sales of ice cream and its tea drinks were &quot;substantially lower&quot; in July and August due to very poor weather in northern Europe.
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Shares dropped as the company forecast a decline in 2008 earnings due to generic competition and weaker sales for its diabetes pill.
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Unilever, the maker of Lipton tea and Dove soap, said sales declines accelerated as demand in Western Europe fell and competitors cut prices.
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General Motors Corp.  on Tuesday said U.S. sales fell 24 percent in June, a decline much larger than analysts expected.
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3M Co  said on Tuesday  fourth-quarter earnings fell as last year's results included a  gain for selling a business.
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Unilever, the maker of Lipton tea and Dove soap, said its sales decline accelerated in the third quarter as demand in Western Europe fell and competitors cut prices.
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The companyâs shares plunged 15.9 percent to a nearly four-year low of $10.36 in morning trading after its net profit fell 84 percent in the fourth quarter.
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UK High Street sales fell more sharply than expected - dropping by 0.4% in July, official figures show.
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Sales at U.S. retailers fell 0.4 percent in December and were less vigorous in November than previously thought, according to a government report on Tuesday that implied costlier energy and slumping housing prices were taking a toll on consumers.
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The retailer posted a 36 percent fall in fourth-quarter profit, hurt by costs related to an inventory write-off, and said it would open only about half the number of stores it opened in 2007.
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Fairchild Semiconductor International  Inc. on Wednesday said it now expects fourth-quarter sales to  be down about 5 percent from the third quarter, compared with  its previous forecast for a drop of 5 percent to 10 percent.
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Consumer goods giant Unilever Plc/NV topped forecasts with a 27 percent rise in 2006 earnings on Thursday, but its shares fell as analysts said its recovery appeared slow as it lagged its major competitors.
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Consumer goods giant Unilever Plc/NV reported underlying sales below analyst expectations on Thursday and gave a lackluster outlook for 2007, sending its shares lower.