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by Jennie MATTHEW Agence France Presse NEW YORK, United States (AFP) — The Victoria Beckham clothing range for Target is flying off the shelves, the latest high-fashion, high-street collaboration seeking to widen market appeal — even if not everyone is impressed. From Missoni for Target to Versace for H&M and Kate Moss for Topshop, designers on both sides of the Atlantic have for years promoted limited-edition collections at affordable prices as an effective marketing strategy […]
by Nova SAFO Agence France Presse CHICAGO, United States — Tesla on Monday became the second-largest United States car maker in terms of market capitalization, displacing Ford, whose sales lagged amid concerns about the ability of the US market to keep growing. Many major auto makers reported US sales declines in March compared to a year ago, but Tesla over the weekend said it saw a huge jump in vehicles delivered to consumers […]
NEW YORK, United States (AFP) — Harley-Davidson on Tuesday revealed gloomy sales ahead after soft results last year, due to weakness in its home market despite the ascendancy of President Donald Trump’s “America First” agenda. The chief of the iconic motorcycle brand said he hopes to turn the company’s fortunes around by drawing in new, younger, fans, and introducing dozens of new models. Net profit for 2016 fell eight percent to $692.1 million, as motorcycle […]
NEW YORK, United States (AFP) — McDonald’s reported slightly lower fourth-quarter earnings Monday as strong sales in Britain, Japan, China offset a drop in the United States. The fast-food giant, which modified its menu in its home market after a lengthy slump, and restructured its international business, said its turnaround remained on track. The weaker performance in the US was due partly to more difficult year-over-year comparisons in late 2016 after the iconic chain unveiled the […]
NEW YORK, United States (AFP) — Nike reported higher second-quarter earnings Tuesday behind increased sales in key markets, including China, and said it was making progress in cutting inventory in North America. Executives gave an upbeat outlook on China, where sales jumped 12 percent to $1.1 billion. Net income for the quarter ending November 30 rose seven percent to $842 million. Sales rose six percent to $8.2 billion. Participation in the Shanghai marathon was 38,000 […]
HONG KONG, China (Reuters)– Western artwork by prominent artists such as Picasso, Monet, Warhol and others will be on sale at Christie’s first private sale exhibition in Asia. The exhibition named “The Loaded Brush”, will be the focus of Christie’s Hong Kong Autumn sales and is expected to fetch more than $250 million. The collection will be available for buyers on a first-come-first-serve basis and is the first of any such private sale organised by […]
SEOUL South Korea (AFP) Wednesday 4/27/2016 –Samsung Electronics, the world’s largest smartphone maker, reported a better-than-expected jump in net profits Thursday, boosted by the successful early release of its new flagship Galaxy handset. The result will encourage shareholders after a disappointing 2015 that saw the firm lose more than $8.0 billion in market value, with its smartphone business sandwiched by top-end rivals such as Apple’s iPhone and lower-end devices from fast-growing Chinese outfits Huawei and Xiaomi. In […]
Businesses in Japan are gearing up for the first tax hike in two decades.
