Whirlpool reaffirms forecast despite pre-election sales slump
WHIRLPOOL, the owner of Maytag, rose in late trading on Wednesday (Oct 23) after reporting better than expected earnings, and reaffirming its full-year sales forecast. The results show…
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Sales
China’s Singles’ Day sales festival fails to inspire consumers
CHINA’S largest shopping event is underway but most merchants and retail analysts expect flat or at best, tepid sales growth, noting consumers are still very much dispirited by the…
Logitech raises full-year outlook as sales and profit expectations climb
LOGITECH International raised its full-year outlook after a strong performance and a growth in demand in the second quarter, the computer keyboard and mouse maker said on Tuesday (Oct 22).…
BYD bets on Brazil agribusiness to drive sales of hybrid pickup truck
BYD has launched its sixth model in Brazil this year, gambling that its hybrid pickup truck can take on the likes of Toyota Motor and Ford Motor in the Chinese carmaker’s latest endeavour…
Scholz defends German arms sales to Turkey after meeting with Erdoğan
German Chancellor Olaf Scholz on Saturday defended his country's recently growing defence exports to Turkey, citing the membership of both countries in the NATO alliance as one reason.…
P&G misses quarterly sales estimates on weakening demand in US, China
PROCTER & Gamble missed Wall Street expectations for first-quarter sales on Friday (Oct 18), as consumers in its major markets, the US and China, switched to cheaper household and personal…
Ray-Ban maker EssilorLuxottica misses sales expectations as China slows
FRANCO-ITALIAN eyewear maker EssilorLuxottica, opens new tab missed third-quarter revenue expectations on Thursday (Oct 17), dented by a slowdown in consumer spending in China. Group…
China woes drag down Pernod Ricard first quarter sales
FRENCH spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first quarter sales, caused…
Nestle announces restructuring, misses nine-month organic sales forecast
NESTLE announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth, after…
Sebi decides to make sales proceeds available to FPIs on settlement day
Sebi believes these steps will reinforce the country's position as a preferred destination for FPIs. | Photo: Shutterstock 2 min read Last Updated : Oct 16 2024 | 5:37 PM IST To boost…
Festival season, discounts boost Ola Electric's daily average sales
4 min read Last Updated : Oct 15 2024 | 11:57 PM IST Under regulatory scanner, Bengaluru-based Ola Electric has witnessed an uptick in its sales after facing a decline during the last few…
LVMH third-quarter sales fall 3% as China weighs
FRENCH luxury giant LVMH reported a 3 per cent fall in third-quarter sales on Tuesday (Oct 16), its first decline in quarterly sales since the pandemic, as rising prices and economic…
LVMH sales fall 3% as China demand for luxury goods worsens
FRENCH luxury giant LVMH reported a 3 per cent fall in third-quarter sales on Tuesday (Oct 15), undershooting estimates in its first decline in quarterly sales since the pandemic as demand…
Jaguar Land Rover retail sales rise 36% to 3,214 units in Apr-Sep
2 min read Last Updated : Oct 15 2024 | 7:07 PM IST Jaguar Land Rover on Tuesday said its retail sales rose 36 per cent year-on-year to 3,214 units for the first six months of the current…
Italy-Israel ticket sales poor amid enhanced security measures
There are strict security measures put in place around the Bluenergy Stadium in Udine for tomorrow’s Nations League match between Italy and Israel, which affected ticket sales. The game…
Ubisoft fears assassin’s hit over falling sales
UBISOFT’S battle to maintain its share price has become almost as epic as its Assassin’s Creed franchise as the video game giant confronts stuttering sales, buyout rumours, and now a…
BMW BEV sales up 19% this year
BMW Group increased its sales of fully electric vehicles by +19.1% in the first nine months of 2024, with a total of 294,054 BEVs delivered to customers, it said. During this period, BMW…
South Korea: import sales rise 10% in September
Sales of imported light passenger vehicles in South Korea increased by 10% to 24,839 units in September 2024 from 22,565 units a year earlier, according to registration data released by…
Top Glove’s Q4 losses narrow to RM3.6 million on higher sales; proposes bonus issue of warrants
TOP Glove recorded a net loss of RM3.6 million (S$1.1 million) for the fourth quarter ended Aug 31, narrowing from its RM461.7 million net loss the previous year. The glove manufacturer on…
GM China’s EV, hybrid sales top petrol cars for first time
GENERAL Motors (GM) sold more electric vehicles (EVs) and plug-in hybrids than conventional petrol cars in China for the first time last quarter, though the milestone comes as total…
Tesla’s China-made EV sales grow 19.2% y/y in September
SALES of US automaker Tesla’s China-made electric vehicles rose 19.2 per cent in September from a year earlier, data from the China Passenger Car Association (CPCA) showed on Wednesday…
PepsiCo trims sales forecast as customers tighten purse strings on snacks, sodas
PepsiCo cut its forecast for annual sales growth on Tuesday (Oct 8) as picky consumers in North America limit their spending on sodas and savoury snacks, while opting for cheaper…
Online retailer Shein’s 2023 sales hit £1.55 billion in UK
SHEIN’S British business made £1.55 billion (S$2.6 billion) in revenue in 2023, up sharply from its previously reported results, a filing by the online fast-fashion group showed on Tuesday…
Battery maker LG Energy profit declines as global EV sales slump
THE global slowdown in electric vehicle (EV) sales has hit LG Energy Solution, with the Korean battery maker’s third-quarter profit falling almost 40 per cent. Operating profit for three…