weak Archives

Weak results for Quiz’s latest year and bleak forecast, but company talks of ‘green shoots’

August 29, 2024 mpsingh No Comments Business company, forecast, Green, latest, results, Talks, weak, Year

Quiz has released its full-year results for the period to the end of March with the company confirming much of what it said in its late June update but adding that strategic initiatives are under way to improve its performance and profitability while managing its cash position. Quiz The final, audited results show revenue for [...]read moreWeak results for Quiz’s latest year and bleak forecast, but company talks of ‘green shoots’

China’s PDD shares slide after weak consumer spending dents revenue

August 27, 2024 mpsingh No Comments Business Chinas, Consumer, Revenue, Shares, spending, weak

By Reuters Published Aug 27, 2024 China’s PDD Holdings missed market estimates for quarterly revenue on Monday, as reduced consumer spending dented business at its domestic e-commerce platform Pinduoduo, sending the company’s shares down more than 25% in early trade. Reuters A fragile economy, persistent weakness in the property sector and high unemployment rates, have led [...]read moreChina’s PDD shares slide after weak consumer spending dents revenue

Prada sales jump as Chinese shoppers splash out in Japan with weak yen

July 30, 2024 mpsingh No Comments Business Chinese, Japan, jump, sales, shoppers, weak

By Bloomberg Published Jul 30, 2024 Prada SpA sales jumped as the Italian fashion group continued to see strong growth amid a wider slowdown in the luxury industry. See catwalkPrada – Spring-Summer2024 – Womenswear – Milan – © Launchmetrics Net revenue in the first half grew 17% at constant exchange rates, Prada said in a [...]read morePrada sales jump as Chinese shoppers splash out in Japan with weak yen

Swatch Group profit falls on weak China, strong Swiss franc

July 15, 2024 mpsingh No Comments Business China, falls, Group, profit, strong, Swiss, weak

By Bloomberg Published Jul 15, 2024 Swatch Group AG said sales and profit fell sharply amid a China-led slowdown for luxury watchmakers. Swatch The Swiss watchmaking conglomerate, whose brands include Omega, Blancpain and jeweler Harry Winston, reported a 14% drop in sales to 3.45 billion Swiss francs ($3.85 billion) for the first six months of [...]read moreSwatch Group profit falls on weak China, strong Swiss franc

China, France post weak results in Q1

April 25, 2024 mpsingh No Comments Business China, France, post, results, weak

Translated by Nicola Mira Published Apr 25, 2024 The SMCP group has announced in its new strategic plan that it wants its international business to take advantage of prevailing global market trends. The group that owns Sandro, Maje, Claudie Pierlot and Fursac will soon open in India, in partnership with local giant Reliance Brands. One [...]read moreChina, France post weak results in Q1

Bullish Inspecs weathers weak end to 2023 as sales and profits still rise

April 17, 2024 mpsingh No Comments Business profits, rise, sales, weak

Despite a profit warning in January following softer than expected sales in December, UK-based eyewear producer/distributor Inspecs was in an upbeat mood Wednesday delivering final results covering 2023 that saw revenues inch up and a marginal return to pre-tax profit. Talbot Runhof Although group revenue for the year to 31 December rose by just £2.3 [...]read moreBullish Inspecs weathers weak end to 2023 as sales and profits still rise

Rich Chinese tourists drive luxury demand in Japan on weak yen

April 17, 2024 mpsingh No Comments Beauty Chinese, demand, Drive, Japan, Luxury, rich, weak

By Bloomberg Published Apr 17, 2024 LVMH’s first-quarter results brought reassuring signs that wealthy Chinese shoppers are splashing out on luxury items — just not in China. See catwalkLouis Vuitton – Fall-Winter2024 – 2025 – Womenswear – France – Paris – ©Launchmetrics/spotlight The world’s largest luxury group — with 75 brands ranging from Louis Vuitton [...]read moreRich Chinese tourists drive luxury demand in Japan on weak yen

Bullish Inspecs weathers weak end 2023 as sales and profits still rise

April 17, 2024 mpsingh No Comments Business profits, rise, sales, weak

Despite a profit warning in January following softer than expected sales in December, UK-based eyewear producer/distributor Inspecs was in an upbeat mood Wednesday delivering final results covering 2023 that saw revenues inch up and a marginal return to pre-tax profit. Talbot Runhof Although group revenue for the year to 31 December rose by just £2.3 [...]read moreBullish Inspecs weathers weak end 2023 as sales and profits still rise

BMW EV sales surge even as rivals struggle with weak demand

April 11, 2024 mpsingh No Comments Auto demand, rivals, sales, struggle, surge, weak

BMW AG’s sales of fully electric vehicles at its core brand surged in the first quarter, outperforming rivals like Tesla and Volkswagen, which have struggled to cope with faltering demand. Customer deliveries of battery-powered models such as BMW’s i4, iX1 and i7 jumped 41% in the three months through March compared to the same period [...]read moreBMW EV sales surge even as rivals struggle with weak demand

UK retail sales recover slightly in March but April is set to be weak

March 26, 2024 mpsingh No Comments Business March, retail, sales, set, weak

UK retail sales have “stabilised” this month after 10 months of decline. That’s the core message of the latest CBI Distributive Trades Survey that showed sales being “broadly flat”. Photo: Pexels First, let’s be clear. The figures aren’t about the absolute volume or value of sales. Instead they relate to the percentage of retailers reporting [...]read moreUK retail sales recover slightly in March but April is set to be weak