Services inflation to stay muted for now
New Delhi: India’s services inflation may remain muted for next few months and will witness a pickup in second half only, economists said, thus helping curb core inflation. “There may …
Barclays
L’Oreal Q4 sales up 6.9% despite decline in North Asia
By Reuters API Published Feb 9, 2024 Cosmetics group L’Oreal reported a 6.9% rise in fourth quarter sales, slower growth than in the previous quarter, as its travel retail business …
Gucci’s new designer in focus as Kering plots future growth
By Reuters API Published Feb 7, 2024 Investors will be looking to see if Gucci’s new creative director Sabato de Sarno can move the needle on the company’s financial performance …
LVMH grows sales as luxury shoppers show resilience
By Reuters API Published Jan 25, 2024 Luxury goods group LVMH posted a 10% rise in fourth quarter sales, as growth edged up from the previous quarter, driven by resilient …
Apple Sheds $100 Billion in Market Cap as Barclays Predicts ‘Lacklustre’ iPhone 16: Report
Apple shares closed 3.58 percent lower on Tuesday — the biggest fall in four months — after Barclays downgraded the company’s shares to “underweight” and price target by $1 (roughly …
Apple stock downgraded by Barclays over iPhone sales slowdown
Apple started the new year on a sour note Tuesday after analysts at Barclays cut the company’s stock rating over concerns about softening sales demand for its flagship iPhone. The …
Under pressure from Shein, H&M reaches for upmarket shoppers
By Reuters API Published Dec 16, 2023 During Paris Fashion Week, pop icon Cher, Swedish singer Robyn and South Korean DJ Peggy Gou performed at Silencio nightclub to a crowd …
Luxury slowdown prompts fears of inventory pile-up over key holiday season
By Reuters API Published Dec 14, 2023 Early holiday shopping season discounts from high-end fashion retailers like Bergdorf Goodman on New York’s Fifth Avenue raised concern that a lacklustre Christmas …
G-III Apparel returns to profit; recruits first-ever chief growth, operations officer
G-III Apparel announced on Tuesday net sales for the third quarter ended October 31 decreased 1% to $1.07 billion, adding the U.S. firm has appointed Dana Perlman as its first-ever chief growth …
US consumer spending exits third quarter on strong note; monthly core inflation rises
By Reuters Published Oct 27, 2023 U.S. consumer spending surged in September as households boosted purchases of motor vehicles and traveled, keeping spending on a higher growth path heading into …