weak consumer spending
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Arvind Sees Fifth Straight Revenue Decline, Inflation & Denim Demand Weigh On Sales

Indian retailer Arvind on Tuesday revenue a revenue dip for the fifth consecutive quarter. Low woven product pricing and decreasing denim demand have affected the market. The Bengaluru-based firm, which owns and licences brands like as Tommy Hilfiger and Calvin Klein, said its consolidated revenue from operations declined 4.6 per cent to 18.8 billion rupees in […]

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Companies E-commerce & Marketplaces Finance News

eBay’s Q4 Forecast Falls Short Of Expectations Due To Weak Consumer Spending

E-commerce player eBay has forecasted that its fourth-quarter revenue and profit would stand below the US financial market’s estimation, according to a media report on Tuesday. The lacklustre prediction is likely due to the weaker-than-expected consumer spending. eBay’s shares were also down by about 6.8 per cent in trading after the bell, the report added. […]

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