Word: offsetting
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Citysports manager Joanie Kelley said that although winter clothes sales at the store have not taken off yet due to the high temperatures, the increased foot traffic has offset any potential loss. “Supply and demand have matched up so far,” she said...
...relief from VW's expensive German work force. The firm recently announced that net profit was down 51% in the third quarter compared with a year earlier, and CFO Hans Dieter Potsch warned that the firm would take a charge of "a couple hundred million" euros this quarter to offset R.-and-D. costs...
...We’re told to think about these policies from a particular American business viewpoint,” said Madeleine S. Elfenbein ’04. “Meeting people who have studied and experienced the effects of the policies is a great way to offset that dogma...
While Kirby noted that the 2 percent payout from the Corporation was an unexpected plus (please see story at left), he said that the rising costs of the Faculty, combined with increases in fringe benefits rates, offset the payout increase...
That's just one sign of Pischetsrieder's focus on cost cutting. VW has been considered inefficient, largely because its labor costs in Germany, where it runs 10 production locations, are some of the highest in the industry. VW has tried to offset the cost by moving production to eastern Germany, where it qualifies for government aid and wages are lower, and further east to countries like Slovakia. Pischetsrieder - known as a "gear-head" with a good grasp of finance and marketing - is implementing a plan to save $3.4 billion over the next five years. He wants to cut costs...