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Egypt has signed a deal with Cyprus for the construction of a pipeline that will channel gas from the island’s Aphrodite field to facilities in Egypt. Molla said there was no specific date for work to start on the pipeline but cited the Cypriot side as saying the pipeline could be up and running within four years. An Egyptian company has signed a $15 billion deal to import gas from Israel for processing in Egypt watch movement cufflinks omega uk sale. “So we will import and export at the same time, so we’re talking about a trading hub,” Molla said..
NEW YORK (Reuters) – Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal. Steep discounts are as familiar a sight during the holidays as rich desserts, but this year so is a fierce grab for a slice of the e-commerce market as Amazon.com Inc (AMZN.O) and Target Corp (TGT.N) offer free shipping for small purchases watch movement cufflinks omega uk sale. U.S. shoppers formed long lines at checkout counters on “Black Friday” to take advantage of discounts on clothing and electronics, offering evidence that a healthy economy and rising wages are translating into stronger consumer spending at the start of retailers’ make-or-break holiday season..
Yet underwhelming earnings reports earlier this week from Target to department store Kohl’s Corp (KSS.N) and home-improvement specialist Lowe’s Cos Inc (LOW.N) reminded investors that U.S. tariffs on imported goods, fickle consumer tastes and competition could eat away at profits this year watch movement cufflinks omega uk sale. Target shares fell 10 percent on Tuesday as the company said profit margins declined due to growing investments in boosting its online business, wage increases, price cuts and the higher cost of preparing and shipping orders. Target shares fell 2.7 percent on Friday..
“The retailers and e-commerce players are duking it out,” Shawn Kravetz, Esplanade Capital LLC’s chief investment officer, said at the Reuters Global Investment 2019 Outlook Summit in New York last week. “Amazon is buying that (consumer retail) business. Other players are buying that business. So it’s a war.” watch movement cufflinks omega uk sale. Kravetz, whose first job after earning an MBA in 1995 was at CML Group Inc, a company that sold NordicTrack exercise machines through catalogs and television advertisements, said “the old joke was that we gave away stuff for free to sell people shipping.”..
The game has changed for retail players now, he said. “They have almost no gross margin and they’re giving away shipping. It’s a tough gig. But if you’re Amazon – and you’re playing the long game – if you can only get another trillion dollars’ worth of revenue and then raise prices one percent the numbers can work.”. More retailers face pressure to cut into their margins or sacrifice growth, creating a catch-22 for investors even as consumers spent strongly during the sales following Thursday’s U.S. Thanksgiving Day holiday watch movement cufflinks omega uk sale. GlobalData Retail said that the average person shopping early on Black Friday spent $407.20, up 2.1 percent over last year..