Tag: sales
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ASML says AI demand will exceed chip-tool capacity through 2028
Oct 14 : ASML said booming AI demand was driving orders for its chipmaking tools into 2030, with customers seeking more capacity than it can supply next year and through 2028, adding to concerns over supply shortages.Customers are already discussing orders beyond 2027, with some expressing interest in booking
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LVMH third-quarter sales below expectations as fashion and leather division shrinks
PARIS, Oct 12 : France’s LVMH on Monday reported worse-than-expected third-quarter organic sales growth as weak demand for its fashion and leather goods weighed. Organic sales, which strip out currency swings, rose 1 per cent year-on-year to €18.28 billion ($20.40 billion), compared with the 1.3 per cent
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Hong Kong August retail sales rise 5.6%
HONG KONG, Oct 2 : Hong Kong’s August retail sales value jumped 5.6 per cent from a year earlier to HK$32.1 billion ($4.09 billion) for a 16th month of gains, government data showed on Friday.• In July, retail sales value rose 4.5 per cent on the year• Growth was seen across many types of retail…
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Nike plans more job cuts to boost sputtering turnaround, forecasts steep revenue drop
Nike is deepening its restructuring under CEO Elliott Hill as its woes in China intensify, announcing a plan to cut more jobs and shake up its global business divisions after the sportswear giant projected a surprisingly steep drop in full-year revenue.The tepid forecast on Thursday (Oct 1) underscored that N
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GM hangs on to US sales crown, but Toyota closes in
Oct 1 : General Motors remained the top US auto seller during the third quarter despite a dip in sales, but Toyota Motor continued chipping away at its lead as high gasoline prices pushed buyers toward hybrids.GM, Ford Motor and Stellantis — also called the Detroit Three — could see their combined market
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Shein quarterly profit falls 67% as costs jump, Europe sales slump
Sept 28 : Fast-fashion platform Shein reported plunging profit and sliding European sales on Monday in its first results as a public company, feeding investor worries over margin pressure and slowing growth. Adjusted net profit was $228 million for the second quarter, down 67 per cent from a year ago, and its
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US holiday online sales to grow 6.7% as discounts attract shoppers, Adobe Analytics forecasts
Sept 28 : US online sales will likely grow 6.7 per cent this holiday season, nearly the same pace as last year, as promotions attract deal-seeking shoppers, Adobe Analytics forecast on Monday.Higher household costs are turning shoppers more selective and value-seeking. Retailers, including Walmart, Kohl’s and
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Volkswagen board approves plan to cut another 50,000 jobs
The group – which includes Audi, Porsche, Skoda as well as the VW brand – plans to cut a total of 100,000 by 2030.
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Microsoft reveals Azure cloud sales in financial reporting shift
SAN FRANCISCO, Sept 2 : Microsoft on Wednesday reported sales from its Azure cloud computing unit on a quarterly basis for the first time, providing a direct comparison to its top rivals Amazon.com and Alphabet’s Google as the three compete in the computing market amid an AI data center boom.Microsoft said t
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Microsoft to reveal Azure cloud sales in financial reporting shift
SAN FRANCISCO, Sept 2 : Microsoft said on Wednesday it will start reporting sales from its Azure cloud computing unit on a quarterly basis, providing a direct comparison to its top rivals Amazon.com and Alphabet’s Google as the three compete in the computing market amid an AI data center boom.Microsoft prev
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