Sales
Zara-owner Inditex first Spring sales rise 11% on upmarket fashion bet
ZARA-OWNER Inditex said on Wednesday (Mar 13) its sales jumped 11 per cent in constant currency for the first-half of the spring season between Feb 1 and Mar 11,...
Adidas warns of 2024 sales decline in overstocked North America market
GERMAN sportswear giant Adidas said on Wednesday (Mar 13) it expects a decline in its sales in North America this year, blaming a still-overstocked market there, as the company...
Mango’s US expansion helps sales top 3.1 billion euros in 2023
SPANISH fashion retailer Mango reported on Monday record sales of 3.1 billion euros (S$4.5 billion) in 2023, beating its forecast after matching domestic rival Zara’s strong expansion in the...
Goldman loses senior Asia macro sales executive Mats Dewitte
MATS Dewitte, who helps run macro sales at Goldman Sachs Group for most of Asia, has resigned after almost two decades with the US bank, according to people familiar...
TSMC’s sales gain 9.4% in first two months after AI boost
TAIWAN Semiconductor Manufacturing’s revenue rose 9.4 per cent in 2024’s first two months, riding a wave of global AI development that’s helping offset potential fallout from slowing iPhone sales....
Prada, Miu Miu sales jump as Italian fashion group draws fans
PRADA sales jumped as the Italian group saw strong demand for some of its hippest products, like brushed leather loafers and Miu Miu pumps. Net revenue rose 17 per...
Nio narrows Q4 loss as vehicle sales margin improves
CHINA-BASED electric vehicle (EV) maker Nio narrowed its fourth-quarter loss for FY2023 by 4.3 per cent year on year to 5.6 billion yuan (S$1.1 billion) on higher vehicle sales...
Apple’s iPhone sales in China plunge 24% as Huawei’s popularity surges
APPLE’S iPhone sales in China fell 24 per cent year on year in the first six weeks of 2024, according to research firm Counterpoint, as the US company faced...
