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Hemi V-8 engines and mechanical bull rides: Inside Stellantis' plan to revive its Ram Trucks brand a...
Stellantis aims to boost Ram Trucks' market performance and revenue by reintroducing popular engine options and unique promotional activities as part of a broader strategy to rever...
Read Full Article →Nike says tariffs will cost it $1 billion before price increases, supply chain shifts
Nike anticipates a substantial financial impact from tariffs this quarter, which may challenge ongoing recovery strategies and raise concerns about potential declines in revenue an...
Read Full Article →What happened to River Island?
River Island faces financial challenges due to decreasing revenue and competitive pressures, prompting a strategic overhaul that may result in shutting down physical locations to s...
Read Full Article →Walgreens Boots Alliance stock rises on better-than-expected sales and adjusted profit
Walgreens Boots Alliance experienced an increase in its share value following quarterly results that exceeded analysts’ forecasts for revenue and earnings, reflecting improved fina...
Read Full Article →H&M shares jump as it flags summer shopping pick-up, says considering tariff price hikes
Despite lower-than-anticipated second quarter sales, H&M indicated increased consumer interest for the upcoming season and mentioned potential adjustments in pricing due to changes...
Read Full Article →Micron Reports Record Revenue as Data Center Sales Surge on AI Demand
Micron experienced substantial growth in its financial results, driven largely by increased purchases from data centers responding to the rising need for advanced artificial intell...
Read Full Article →New-home sales plunge to a 7-month low as buyers struggle with high prices. Expect more weakness in...
The decline in new-home purchases reflects ongoing market challenges, suggesting potential continued softness in housing demand and impacting related sectors such as construction a...
Read Full Article →Paychex Stock Leads S&P 500 Decliners as Firm Posts Lower-Than-Expected Sales
Shares of Paychex fell significantly after the company reported revenue figures that did not meet analyst predictions, impacting its standing among the S&P 500 index constituents.
Read Full Article →Asda owner slumps to near £600m loss as sales fall
The company experienced a substantial financial setback last year due to declining sales and rising expenses related to debt management and IT system transitions inherited from its...
Read Full Article →Lego: Profit spikes as sales pass major milestone
The UK division of Lego experienced a notable increase in pre-tax earnings in 2024, surpassing £40 million, driven by sales exceeding half a billion pounds for the first time.
Read Full Article →Asda loses £600m amid major turnaround plan
Despite an increase in overall sales exceeding £1 billion, the Leeds-based retailer experienced a significant pre-tax deficit nearing £600 million in 2024, reversing its previous y...
Read Full Article →'A slap in the face' - Asos bans shoppers for making too many returns
The company’s new policy targeting frequent product returns aims to reduce operational costs, although it has sparked debate over its impact on customer satisfaction and fairness.
Read Full Article →Mounjaro and Wegovy demand helps Chemist4U sales double
The growing popularity of weight management injections contributed to a nearly twofold increase in revenue for the company operating Chemist4U, reaching a turnover of £59.5 million...
Read Full Article →Barack and Michelle Obama’s former Martha’s Vineyard escape sells in just 6 weeks
The property formerly owned by Barack and Michelle Obama on Martha’s Vineyard was purchased quickly, reflecting strong demand and significant market value within a short six-week s...
Read Full Article →HomeServe: Checkatrade owner in the red despite sales passing £1bn
Despite generating over £1 billion in revenue for 2024, HomeServe recorded a pre-tax loss of £31.7 million, highlighting challenges in converting strong sales into profitability.
Read Full Article →NFT sales plunge 18% to $116.9m, Polygon beats Ethereum
The recent decline in NFT transaction values to $116.9 million reflects a significant market adjustment, while Polygon's activity has surpassed that of Ethereum in terms of volume...
Read Full Article →H&M to shed light on turnaround amid consumer confidence slump
H&M’s upcoming financial report is anticipated to reflect modest sales growth as the company aims to demonstrate progress in its recovery efforts despite ongoing weak consumer sent...
Read Full Article →Darden Restaurants Stock Hits All-Time High on Strong Olive Garden Sales
Darden Restaurants experienced a notable increase in its stock value driven by impressive sales performance at Olive Garden, highlighting positive investor confidence and potential...
Read Full Article →Louis Vuitton: Sales and profit slashed amid luxury spending slowdown
Louis Vuitton's UK division experienced a notable decline in revenue and earnings in 2024, reflecting broader challenges in the high-end retail market and impacting the company’s o...
Read Full Article →Swiss watch exports plummet after tariff uncertainty hits sales
In May, Swiss watch shipments to the US declined sharply due to concerns over potential tariffs, resulting in a nearly 10% drop and interrupting earlier growth trends reported by i...
Read Full Article →Morrisons boosts sales amid looming ‘trolley wars’
Morrisons experienced a notable rise in sales and improved earnings, reflecting strengthened financial performance as the company aims to reduce debt and maintain competitiveness i...
Read Full Article →Refy: Sales spike at influencer Jess Hunt’s beauty brand
Refy, the beauty company established by Jess Hunt and Jenna Meek, reported a notable increase in revenue and earnings, reaching a turnover of £40.3 million for the fiscal year endi...
Read Full Article →Matalan: Huge losses continue as almost 200 jobs lost
Matalan’s ongoing financial difficulties are reflected in a significant pre-tax deficit exceeding £60 million, accompanied by a substantial workforce reduction as the company’s rev...
Read Full Article →Inflation, tariffs put the brakes on this gun maker’s sales
Smith & Wesson experienced a decline in sales and production recently, impacted by rising costs and trade policy challenges that affected their overall financial performance during...
Read Full Article →Danish bakery Ole & Steen brews up success with buns on demand
Ole & Steen experienced notable financial growth last year, with its revenue rising to £36 million driven by enhanced online order services and a revised strategic approach.
Read Full Article →The Daily: Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum...
Trump’s recent transaction involving WLFI generated revenue exceeding $57 million, while Truth Social has submitted an application for a new exchange-traded fund combining Bitcoin...
Read Full Article →Dunelm’s ‘market-beating’ potential hailed as shares rocket
Investors are optimistic about Dunelm’s growth prospects as the company’s expanding product range and increasing customer engagement contribute to a significant surge in its stock...
Read Full Article →Upmarket Finest range helps lift Tesco sales amid UK ‘home dining boom’
Tesco experienced a significant increase in revenue as demand for its premium own-brand products rose sharply, potentially influenced by consumers opting for home-cooked meals due...
Read Full Article →J.Jill Stock Tumbles as Sales Fall Short, Outlook Withdrawn on Uncertainty
The decline in J.Jill's shares reflects concerns over weaker-than-expected revenue and the company’s decision to remove its future performance forecast due to ongoing market unpred...
Read Full Article →Zara owner Inditex flags slowing summer sales as tariff uncertainty weighs
Inditex reported lower-than-anticipated revenue in the first quarter, indicating potential challenges ahead due to ongoing trade policy uncertainties affecting consumer demand duri...
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