Following Donald Trump’s victory in the US presidential election, books on democracy, dystopia, tyranny, feminism, and far-right politics have seen a surge in sales, quickly rising up bestseller charts. Margaret Atwood’s “The Handmaid’s Tale,” a novel set in a totalitarian society where women are forced to bear children, has jumped over 400 places to reach … Read more
Apple’s revenue increased by 6% in the fourth fiscal quarter, driven by a rebound in iPhone sales and growth across all business units except for wearables. Total sales for the quarter ended September 28 reached $94.9 billion, slightly exceeding Wall Street expectations of $94.6 billion. iPhone sales grew by 5.4% to $46.2 billion, marking a … Read more
At this point, I will now turn the call over to Michael Johnson, our Chairman and CEO. Michael, please go ahead. Michael Johnson: Thank you, Erin, and good afternoon, everyone. I am pleased to report that Herbalife had a solid performance in the third quarter of 2024, meeting our net sales guidance of $1.2 billion … Read more
Volkswagen is emphasizing the urgent necessity to implement significant plant closures and job reductions after reporting a 64 percent decrease in quarterly net profit due to poor sales in China and restructuring costs. The company disclosed plans to shut down three plants and lay off tens of thousands of employees, marking its most drastic restructuring … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. McDonald’s experienced a second consecutive decline in sales during the third quarter, as it grappled with weak consumer demand in international markets like France, the UK, the Middle East, and China. The fast-food giant reported … Read more
Smartphone sells are likely to grow 25-35% this Diwali when compared to last year, predicted All India Mobile Retailers Association (AIMRA) Founder Chairman Kailash Lakhyani. He added that premiumization and affordability are the main driving components of this growth in the retail space. Earlier, smartphone sells declined 3% year-on-year (YoY) during the first phase of … Read more
Even before the memories of the firecracker accident that killed 14 people in Attibele last October have faded, the neighborhood on the outskirts of Bengaluru is bustling again with hundreds of cracker stalls this season. Following the accident in the run-up to Deepavali last year, the State government banned cracker sales in the locality, benefiting … Read more
The French luxury group Hermès has defied the global downturn in the sector by reporting a significant increase in quarterly sales. The Paris-listed company, known for its silk scarves and Birkin handbags, saw sales rise by 11.3% to €3.7bn in the three months ending in September. This growth was in line with analysts’ forecasts, and … Read more
Vertiv (VRT), a company that specializes in digital infrastructure technology for data centers and communication networks, exceeded Wall Street’s expectations for the third quarter but provided mixed guidance for the current period, causing VRT stock to fall in early trading. The Westerville, Ohio-based company reported an adjusted earnings of 76 cents per share on sales … Read more
Starbucks cups are shown on a counter in Manhattan, New York, on February 16, 2022. Carlo Allegri | Reuters Starbucks reported preliminary quarterly results on Tuesday, revealing a decline in sales as the coffee chain works to implement a turnaround strategy. “Our performance in the fourth quarter indicates the need for a fundamental change in … Read more