Mercedes-Benz lowered its full-year profit margin target for the second time in less than two months. The company joins an increasing number of competitors blaming declining…
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Inditex, the owner of Zara, announced on Wednesday that sales of its first autumn/winter collections have recently increased. This growth has offset a slight revenue decline…
Retail Sales and Economic OutlookU.S. retail sales barely rose in May; meanwhile, April’s data was revised lower, indicating weak Q2 economic activity.Inflation and higher interest rates…
Luxury retailers in European cities are vying for the patronage of affluent tourists this summer. They are banking on a spike in travelers evading the crush…
London – Nestle (NESN.S), the largest packaged food company in the world, increased prices on Thursday. However, it reduced sales and missed first-quarter organic sales growth…
On Wednesday, German automaker BMW celebrated the delivery of its millionth fully electric vehicle, marking a significant milestone for the business. Additionally, the company recorded a…
According to a Wednesday Bloomberg News story, Apple Inc. produced iPhones valued over $14 billion in India during the 2024 fiscal year. According to the report,…
When luxury firms release their first quarter results, investors are expecting a sharp decline in luxury sales. This is because of the weak Chinese market and…
In a tweet published on Weibo on Wednesday, Apple CEO Tim Cook stated that he is now in Shanghai. Cook did not reveal what additional plans…