The BBC's business editor Robert Peston says the profits warning is embarrassing for Mr Daniels.
Worries over slowing demand for luxury goods were heightened by a profits warning last month from handbag maker Mulberry.
Hornby issued a profits warning in January after sales of its train and slot-car racing sets were hit.
BBC: Hornby is pinning its hopes on Moshi Monsters pin badges
Krispy Kreme, a big doughnut maker, has blamed in part rising interest in low-carb diets for its recent profits warning.
In January, Mitsubishi Motors issued its third profits warning in nine months, and cut its sales forecasts for the year to March 2005.
And it follows a profits warning on Tuesday by IT and management consultancy Cap Gemini, which prompted falls among technology stocks on European stock markets.
Last January Tesco issued a profits warning which precipitated a 20% fall in the share price and questions being asked about the validity of the strategy.
Thomson Holidays issued a profits warning earlier in the year, blaming the poor performance on a lack of take up of short breaks over the millennium period.
But playing the game game is still hard, as Ms Croft's maker, Eidos, proved on January 18th with a profits warning that cut its share price nearly a third.
The Indian government started renegotiating the contract price because it felt too dependent on the BAE order after the company issued a profits warning along with the jobs warning in January.
Technology stocks in the US and Europe took another battering on Thursday, this time prompted by a profits warning from computer maker Gateway and further evidence of a weakening US economy.
After warning of falling profits, and in the wake of a mix-up in March in the pricing of some options, it is being forced by unhappy shareholders to reconsider its strategy of building a global investment bank in tandem with its retail business.
What will also be interesting is whether the owners of the business, the shareholders, see that statement about "significant management action" being needed as a coded warning about the prospects for future profits.
But trusts are now warning that the days of runaway profits may be over as the government moves to restrict lending in areas where the trusts have been most active and as new regulations allow other financial institutions to provide services that were once the primary domain of trusts.
Lloyds has today joined Royal Bank of Scotland in warning that it expects to fail to meet targets for profits growth over the next three years saying that the British economy is not recovering as fast as it had hoped.
Fat profits are no reason to sell but to the eye they flash like warning lights to me.
Morgan Chase plunged by 5% after the American investment bank gave warning that bad loans to telecoms companies and falling trading revenues would dent its third-quarter profits.
Based on my method I have been warning that risk in Apple stock has risen and I have been encouraging investors to take partial profits while still holding a core position.
Wells Fargo (WFC) is warning investors that the gold bubble is about to burst and big hedge fund managers are taking their profits.
应用推荐