Sales
Ikea sales fall 5% after price cuts amid weak housing market
IKEA annual sales fell 5 per cent after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking...
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...
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...
TSMC sales beat estimates in sign of solid AI chip demand
TAIWAN Semiconductor Manufacturing Co (TSMC) posted on Wednesday (Oct 9) a better-than-expected 39 per cent rise in quarterly revenue, assuaging concerns that AI hardware spending is beginning to taper...
Chinese electric carmaker BYD sees EV Mexico sales ramping up to 100,000 in 2025
CHINESE electric automaker BYD expects to sell 50,000 electric vehicles (EVs) in Mexico this year, and then 100,000 in 2025, the company’s Mexican head Jorge Vallejo said on Tuesday...
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...
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 and a profit before tax of £24.4 million, a filing by the online fast-fashion group showed on...
