Swedish furniture company IKEA said on Thursday that it will close its shop in Mumbai’s R City Mall by the middle of the year owing to layout, design and location limitations. The 70,000-square-foot store, which debuted in June 2022, provides a limited variety of IKEA products, according to the release. “IKEA has taken a strategic business […]
Apple’s CEO Tim Cook revealed during Q1 earnings call that the tech giant experienced robust double-digit growth in the December quarter in India. This growth catapulted the company to yet another quarter revenue record in the nation, according to Cook. Despite India’s overall smartphone shipments maintaining a steady course at 152 million units in 2023, […]
Bata India on Thursday reported a 30.3 per cent decline in its consolidated net profit at Rs 57.9 crore for the December quarter of FY24 compared to Rs 83.1 crore a year back. The company’s revenue stood at Rs 903.4 crore, increasing 0.35 per cent from Rs 900.2 crore in the year-ago quarter, Bata India said […]
Carrefour, a global supermarket chain with a significant presence in more than 30 countries, has decided to stop selling several PepsiCo products in France, Italy, Spain and Belgium. According to a report by Mauro Orru and Jennifer Maloney, published in The Wall Street Journal, the move comes as a protest against what Carrefour deems as […]
