Business
Chanel profit tumbles as luxury industry downturn hits sales
Chanel profit plunged last year as the closely held company splurged on expanding its retail network and marketing to remain visible amid…
Tag
Sales
Business
CDL posts S$1.9 billion in Q1 sales revenue in Singapore property development
Property developer City Developments (CDL) posted sales revenue of S$1.9 billion for its property development segment in the Singapore…
Business
Richemont Jewelry Sales Surge at the End of a Difficult Year for Luxury
LONDON – In a challenging year for the luxury industry, Richemont saw sales climb 4 percent to 21.4 billion euros, fuelled by increased…
Business
ByteDance aims to match Meta sales in 2025 as TikTok gains steam
Its flagship Chinese video platform Douyin is grappling with waning consumption and advertising spending across the world’s second-largest…
Beauty
What Beauty Products Won Mother’s Day, According to Macy’s, Amazon and Saks Execs
Moms, too, just want K-beauty. At least, that’s what data from TikTok Shop detailing what sold best on the platform during the run-up to…
Business
April new home sales dip 9% month on month to 663 units, but are double year-ago levels
Developers in Singapore sold 663 private homes in April, down 9 per cent from the month before, but up 120 per cent from the 301 units a…
Business
The RealReal’s Sales and Profits Rise in Q1, but Investors Want More
The RealReal Inc. showed some forward momentum in the first quarter — and stuck by its financial guidance for the year — but Wall Street…
Business
Puma Sales Flat in Q1 as Operating Profit Tumbles
A challenging macro environment is taking its toll on Puma, where sales were flat in the first quarter and profits tumbled in the…
Business
Zalando Grows Sales and Users in Q1, Named TikTok Shop’s Logistics Partner in Key Markets
PARIS – Zalando‘s ecosystem strategy is paying off with a strong first quarter, rebounding from losses in 2024. In the three months to…
Business
Hugo Boss Sales Dip 2% in Q1
Organic sales at Hugo Boss fell 2 percent over the first quarter of this year to 999 million euros. “Our performance in the first quarter…
Business
IPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely boosted…
Business
Vince Sees Q4 Sales and Profitability Gains, but Projects Q1 Declines Amid Macro Uncertainties
Vince Holding Corp., the luxury brand known for its relaxed, understated styles, concluded 2024 with a lift in sales, and a gross profit…
Business
Apple must halt non-App Store sales commissions, judge says
Apple Inc. violated a court order requiring it to open up the App Store to third-party payment options and must stop charging commissions…
Business
Microsoft posts strong results fuelled by cloud sales growth
Microsoft reported stronger-than-expected quarterly sales and profit growth, suggesting customer demand for cloud services has held steady…
Business
Prada Outlines Strategic Expansion Plans as Q1 Sales Gain 13%
MILAN — While reporting a 13 percent increase in revenues for Prada Group in the first quarter of the year, Andrea Guerra characterized…
Fashion
Miu Miu’s momentum powers Prada sales growth
Net revenues at Italian luxury group Prada rose 12.5 per cent at constant exchange rates in the first quarter, slightly above analysts…
Business
Suntec Reit sees subdued retail sales, expects office, retail tenants to hold off expansion plans
Office and retail tenants are expected to hold off on their expansion plans amid uncertainty over the impact of US tariffs, said the…
Business
Nestle sales rise on price hikes for coffee, cocoa products
Nestle’s sales rose as the maker of Nespresso and KitKat candy bars increased prices to counter soaring costs for coffee and cocoa.…
Fashion
Kering Sales Fell 14% in Q1, Dragged Down by Continued Weakness at Gucci
Kering reported revenues fell 14 percent to 3.88 billion euros in the first quarter of 2025, dragged down by low store traffic and weak…
Business
Sales Automation: Robot Takeover or Helper?
In today’s fast-paced business world, companies are constantly looking for ways to streamline their processes and improve efficiency.…
Business
Nvidia CEO visits Beijing after US bars chip sales to China
Nvidia chief executive officer Jensen Huang arrived in Beijing on Thursday (Apr 17), shortly after the Trump administration barred the…
Business
Luxury brand Hermes to pass on tariff costs to US clients as sales growth slows
France’s Hermes will fully shift the burden of tariffs in the US to its wealthy clientele, the company said on Thursday (Apr 17), as it…
Fashion
Hermès Sales Growth Slows to 7.2 Percent in Q1
PARIS – Amid the luxury slowdown, Hermès International showed continued strength with sales in the first quarter up 7 percent at constant…
Business
Heineken's Q1 sales slightly beat forecasts
“...we are performing within the range of expectations,” says CEO Dolf van den Brink Source link