LVMH Reports Decline in Revenue and Profit for Fiscal Year 2024
French luxury conglomerate Moët Hennessy Louis Vuitton (LVMH) has faced the impact of challenging market conditions in fiscal year 2024. On Tuesday evening, the group...
Tag : loss
Asda Launches Cost-Cutting Measures Following Disappointing Christmas
Asda has initiated cost-cutting measures after a challenging Christmas season, marked by a 5.8% decline in sales during the 12 weeks to December 29, 2024—the...
700% Increase in Freight Rates
Red Sea Crisis Turning Out to be a Big Nightmare Amidst soaring tensions and geopolitical strife, global exporters find themselves navigating treacherous waters as freight...
Arvind Fashions posts Growth in Q3
India’s Arvind Fashions, which retails clothing from brands such as Arrow, Calvin Klein and Tommy Hilfiger, reported a slowdown in revenue growth in the...
Siyaram Silk Mills Q3 net profit declines
Siyaram Silk Mills reported a 14 percent decline in net profit to Rs 44 crore ($5.5 million) for the third quarter ended December 2023, as...
Retailers have disappointing Christmas after ‘sluggish’ year
Low consumer confidence resulted in lower spending during Xmas as total UK retail sales nudged up just 1.7% in December compared to nearly 7% the...
VF Corp Sales Affected Due to Slowdown
High borrowing costs and still-high inflation have forced shoppers to move away from pricier products and spend their dollars mainly on essentials. With demand for...
Next Sees Rise in Q3 Sales
The fashion retailer Next has added £10m to its profit forecast, which now stands at £885m for the year, as it revealed sales had rose...
Home textile Industry to Revive as Demand Picks Up
With the onset of festivals, home textile industry is expected to come back to its growth path. The US remains the largest market for Indian...
UK consumer Confidence Affected due to Inflation
UK consumer confidence slipped by nine points in October, making it the largest month-on-month drop in over three years. Market research company GfK’s Consumer Confidence...