PepsiCo Plans Cost Reductions, Eyes Organic Revenue Growth Acceleration
The company has unveiled its plans and initiatives that aim to accelerate organic revenue growth, deliver record productivity savings and improve core operating margin
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Adidas Swings To Loss In 2023, Bets On Core Brands After Kanye West Split
- by BW Retail World Bureau
- March 14, 2024
German sportswear giant Adidas posted its first loss in more than 30 years in 2023 on Wednesday as CEO Bjorn Gulden works to turn the brand around after a messy break-up with rapper Kanye West. Adidas has been battling to right itself after it cut ties with West in October 2022, suspending sales of the […]
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Under Armour Lifts Profit Outlook Despite Third-Quarter Sales Miss
- by BW Retail World Bureau
- February 10, 2024
Apparel brand Under Armour on Thursday raised its annual profit and margin predictions, anticipating that lower input and freight costs would help overcome poor demand in North America, sending its shares up 6 per cent. The firm is relying on decreased manufacturing costs to boost profits at a time when demand for its garments and footwear has […]
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Price Hikes Hit Mondelez: Sales Up, Volumes Down As Consumers Cut Back
- by BW Retail World Bureau
- February 2, 2024
Mondelez International reported increased fourth-quarter sales, but higher prices impacted volumes, leading to a more than 2 per cent drop in its shares. While price hikes boosted profit margins until fiscal 2023, softer demand is now observed as budget-conscious consumers cut back spending. In North America, Mondelez experienced a 5.5 percentage point volume decline in […]
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Apple’s Vision Pro Leads Charge, XR Headset Shipments Surge 3.9 Mn In 2024
- by BW Retail World Bureau
- January 10, 2024
The Extended Reality (XR) headset market is poised for a substantial boost in 2024, with a projected record increase of 3.9 million units, marking a remarkable double-digit year-over-year growth. Industry experts predict that Apple’s highly-anticipated Vision Pro, scheduled to go on sale in the US on 2 February, will play a pivotal role in driving […]
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US Pushes Domestic Sourcing, Battery Rules Shake Up EV Tax Credits
- by BW Retail World Bureau
- January 2, 2024
The US Treasury implemented new battery sourcing rules in December, to reduce dependence on Chinese suppliers in the electric vehicle supply chain. As a result of these rules, many electric vehicles, including models from Nissan, Tesla (Cybertruck All-Wheel Drive, Model 3 Rear Wheel Drive) and Chevrolet (Blazer EV), lost eligibility for tax credits of up […]
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Nokia’s India Net Sales Skyrocket 102%
- by BW Retail World Bureau
- October 20, 2023
Nokia has reported staggering growth in its net sales within the Indian market, marking a remarkable year-over-year surge of 102 per cent. This surge, equivalent to an astonishing 121 per cent when measured in constant currency terms, has propelled Nokia’s net sales in India to an impressive Rs 567 million for the third quarter of […]
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Uniqlo’s Owner To See Strong Profit Growth On China Recovery, Weak Yen
- by BW Retail World Bureau
- October 12, 2023
The Japanese operator of the global clothing chain Uniqlo is expected to surpass last year’s record profit when it announces its results on Thursday, benefiting from a resurgence in China and the depreciation of the yen. Fast Retailing (9983.T) disclosed record third-quarter earnings in July and raised its full-year forecast as its business in China, […]
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Nike Q1 Profit Surpasses Expectations At $1.45 Bn
- by BW Retail World Bureau
- September 29, 2023
Nike, the world’s leading sportswear manufacturer, has exceeded Wall Street expectations for its first-quarter profit, primarily driven by higher pricing for its sneakers and apparel. The company reported a profit of USD 1.45 billion, equivalent to 94 cents per share, surpassing analysts’ estimates of 75 cents per share. However, its total revenue for the quarter, […]
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Over 500 Foreign Buyers Registers On Third Day of UP International Trade Show
- by BW Retail World Bureau
- September 25, 2023
In a major achievement for Chief Minister Yogi Adityanath-led Uttar Pradesh government, over 500 foreign buyers registered on the third day of the five-day UP International Trade Show being held at India Expo Center in Greater Noida on Sunday. The trade show, which aims at showcasing UP’s products to the global audience and also attracts […]