Category: Sales
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Tesla sees first annual sales decline in a decade as Chinese rivals close in
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Tesla’s global deliveries fell for the first time in a decade, as the US electric car leader reported 1.79 million sales in 2024 – down 1.1 percent from the 1.81 million recorded in 2023 and below Wall Street expectations. The company’s shares fell 6 percent on Thursday, wiping more than…
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Lidl celebrates record festive sales with 7% Christmas boost
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Lidl has reported its strongest Christmas trading period in the UK, with sales rising 7 per cent year-on-year in the four weeks to 24 December, surpassing the £1 billion mark for the first time. An extra two million shoppers visited its stores over the festive season, attracted by its discounted…
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BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
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BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
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BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
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BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
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BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
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BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
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US retail sales beat expectations in November
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WASHINGTON (Reuters) – U.S. retail sales rose more than expected in November amid an acceleration in auto purchases consistent with strong momentum in the economy as the year draws to a close. The Commerce Department’s Census Bureau said on Tuesday that retail sales jumped 0.7% last month after an upwardly…
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Broadcom Shares Jump After Chipmaker Predicts AI Sales Surge
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(Bloomberg) — Broadcom Inc., a chip supplier to Apple Inc., rose. And other major technology companies, in late trading after anticipating a boom in demand for their artificial intelligence chips. Most read from Bloomberg Sales of artificial intelligence products will increase 65% in the fiscal first quarter, much faster than…
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Building Connections Through Sales, Creativity, and Family
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Hailing from Cincinnati, Ohio, Greg Wass is a dynamic professional who balances a thriving career in sales with a passion for video creation and storytelling. After earning his degree in Communications from Ohio University and interning on The Late Show with David Letterman, Greg has forged a successful path in…
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Synopsys shares fall after sales outlook misses estimates
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Written by Stephen Nellis and Zaheer Kashwala (Reuters) – Chip design software maker Synopsys on Wednesday forecast fiscal 2025 revenue to be below Wall Street expectations, partly due to lower China sales as the United States tightens controls on chip technology that can be sold to the country. Shares of…
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Toronto home sales rise as interest rates fall
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Article content Home sales in the Greater Toronto Area rose 40 per cent in November from a year earlier, as lower borrowing costs drew more buyers into the market. Article content TRREB said the benchmark home price fell 1.22 percent annually to $1,061,700, a much slower rate of decline compared…
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Nvidia’s AI chip demand still booming but slowing sales growth worries investors
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Written by Max A. Cherny, Arshia Bajwa, and Stephen Nellis SAN FRANCISCO (Reuters) – Nvidia on Wednesday forecast its slowest revenue growth in seven quarters, with the artificial intelligence chip maker failing to meet the high expectations of some investors who made it the world’s most valuable company. Shares of…
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Mulberry cuts 85 jobs as sales fall 19% amid global luxury downturn
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Luxury fashion brand Mulberry has announced a significant restructuring plan after announcing a 19% drop in group revenues to £56.1 million for the six months to September 28. Newly appointed CEO Andrea Baldo revealed 85 jobs – nearly a quarter of the company’s 350-person workforce – were being cut as…
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Mulberry cuts 85 jobs as sales fall 19% amid global luxury downturn
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Luxury fashion brand Mulberry has announced a significant restructuring plan after announcing a 19% drop in group revenues to £56.1 million for the six months to September 28. Newly appointed CEO Andrea Baldo revealed 85 jobs – nearly a quarter of the company’s 350-person workforce – were being cut as…
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Used car sales climb as consumers shy away from new vehicles
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The UK used car market continues to grow, with more money-conscious consumers choosing used cars over new ones, according to the Society of Motor Manufacturers and Traders (SMMT). Transactions in the used car market rose by 4.3% year-on-year from July to September, with 1.96 million sales recorded. It is worth…
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Treasury raises Sh25bn from two November bonds tap sales
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The government raised Sh25.7 billion from its first two bond auctions this month, even as Kenya’s central bank continues to reject high-priced bids in a bid to lower interest rates. The November bond issuance consists of a 15-year note that was initially sold in April 2022, a 10-year note that…
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Treasury raises Sh25bn from two November bonds tap sales
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The government raised Sh25.7 billion from its first two bond auctions this month, even as Kenya’s central bank continues to reject high-priced bids in a bid to lower interest rates. The November bond issuance consists of a 15-year note that was initially sold in April 2022, a 10-year note that…
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Sainsbury’s sees food sales rise, but Argos drags on first-half performance
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Sainsbury’s, the UK’s second largest supermarket chain, has announced a 5% increase in food sales during the first half of the year, reflecting growing market share and increased demand for its premium range, ‘Taste the Difference’. This growth has made Sainsbury’s one of the best performers in the British grocery…
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Immutable Faces Potential Lawsuit Over Token Sales
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The US Securities and Exchange Commission (SEC) has given good notice to Immutable regarding its sales of IMX tokens. The SEC dispute is related to a 2021 blog post about a pre-launch investment made in IMX tokens at $0.10 or a $10 pre-split of 100:1. Unchangeable questioned the SEC’s ruling,…
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Apple sales grew 6% over the last quarter with a rebound in iPhone demand
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Apple’s revenue rose 6% in its fiscal fourth quarter, as iPhone sales rebounded and the company reported growth in all of its business units except the wearables category. Apple reported Thursday that total sales in the three months ended Sept. 28 rose year-over-year to $94.9 billion, slightly above Wall Street…
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Land Rover and Range Rover hybrid sales surge as EV uncertainty shifts buyer focus
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Amid ongoing uncertainty over electric vehicle (EV) adoption timelines, demand for Land Rover and Range Rover plug-in hybrid vehicles (PHEVs) has soared. Jaguar Land Rover (JLR), the West Midlands-based Indian-owned automotive group, has announced a 29% increase in global sales of its plug-in hybrid electric vehicle (PHEV) models for the…