Day: November 6, 2020

Made for Manufacturing programme offers SMEs chance to kickstart 2021

Manufacturers in Greater Manchester are being invited to start 2021 with a fully-funded programme aimed at enhancing manufacturing excellence and enabling growth.

Made for Manufacturing will empower leaders from small, medium and large businesses across the city region to improve their quality of service and product, ensure better lead times, and reduce their overall business costs.

Run by GC Business Growth Hub, the second Made for Manufacturing programme launches in January, with applications open now to manufacturers who are focused on improving efficiencies and growing their workforce.

The group-based course will take place over a 10-week period. It offers tailored advice and support from expert speakers, peer-to-peer learning, plus one-to-one support from an expert Manufacturing Advisor based within the Hub, part of the Growth Company.

What sets Made for Manufacturing apart from more time-intensive courses is that it is delivered in short dynamic online sprints; this enables leaders to identify

Read More

Mini boom for retail in England as shoppers dash to beat lockdown

The four-day countdown to the new coronavirus lockdown restrictions in England that began on Thursday triggered a mini boom for store and restaurant owners as consumers rushed to buy Christmas gifts and enjoy a last eat-out supper.

The dash to the shops meant retail parks in England attracted more customers than in the same period last year, with footfall rising above 2019 levels for the first time in the pandemic, according to the retail data experts Springboard. High streets and shopping centres also experienced a surge in shopper numbers, although footfall was still lower than in 2019.

The scale of the four-day spending spree in England was supported by figures that showed a surge of last-minute dinner reservations before the month-long shutdown.

Meal reservations for Sunday night, the day after Boris Johnson announced England was going back into lockdown, were 11% higher than on the same day in 2019, according

Read More

Peloton posts strong Q1 results

Peloton reportes strong revenues and a profit for the first quarter of its financial year, expecting the trend to continue.

Jeremy C. Owens reported the news for MarketWatch:

Peloton PTON, +6.77% on Thursday reported fiscal first-quarter earnings of $69.3 million, or 20 cents a share, after posting a loss of $1.29 a share a year ago. The interactive exercise-equipment company more than tripled sales to $757.9 million from $228 million in the same quarter last year. Analysts on average expected earnings of 11 cents a share on sales of $735 million, according to FactSet.

CNBC’s Lauren Thomas noted:

The company has been a huge beneficiary of more people staying at home in 2020. But with such heightened demand for its products, Peloton has struggled to keep up. Customers have also reported delayed shipments and poor service. The company said Thursday it expects to be operating under supply constraints “for

Read More