give away the store

to bear a loss | to incur a loss | to make a loss

dead loss | write-off

As a result of Google's illegal practices, traffic to Google's comparison shopping service increased significantly, whilst rivals have suffered very substantial losses of traffic on a lasting basis.

Indeed, on the basis of the financial data submitted by the German authorities, the Commission notes that CST had annual losses and negative equity in the period 2008-2011, and also entered into liquidation in 2009.

The reports, and the problems they identified, including the serious likelihood that the Austrian Federal Finance Agency, which is responsible for financial management at federal level, faced a loss of just over EUR 300 million as a result of risky financial transactions, had far-reaching consequences, in that the report (i) served as the basis for the decision taken at the highest political level (Federal Chancellor and Federal Finance Minister) to set up a working party, (ii) led to the enactment of legislation imposing new compliance rules on the Federal Finance Agency, (iii) was cited as evidence justifying the ban on public bodies c ...[+++]onducting speculative financial transactions which was subsequently introduced, (iv) led to improvements in the internal audit systems and audit methods employed by local and regional authorities, and (v) helped to make public finances more sustainable.

13. Recalls the extraordinary impact of the Eyjafjallajökull volcano incident in April 2010 on airline services and industry, which suffered tremendous losses over weeks, and highlights the importance of rapid decisions on the part of the EU and air traffic management (ATM) in similar situations in order to secure proper, fluid air traffic;