25 mn sq.in Q2 FY19,” said Anarock.
German carmaker Volkswagen cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets.37 AM ISTAPHAMBURG: German carmaker Volkswagen cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets.
BENGALURU: India’s top two web retailers Flipkart and Amazon clocked combined sales of Rs 31,000 crore ($4.The average order value for Flipkart stood at Rs 1,976 versus Rs 1,461 on Amazon, indicating that customers bought higher-value items from the Walmart-owned marketplace.
23 AM ISTAgenciesNew Delhi: Sales of renewable energy certificates dipped 2.48 lakh RECs in October as compared to 4.
It has already delivered 33,000 units of the model so far in the market.With demand high for the model, the waiting period for some of the top-end trims has stretched to around 3 months.
9 per cent from October 2018, Tata Motors said in a statement.Land Rover sales were at 31,260 units, up 2.
7 million at Sotheby’s, also in May, the upcoming auctions include several strong pieces, many of which are tailored to meet market demand for specific artists.The painting is expected to set an auction record for the artist, whose works have gained in value in the private markets, Galperin says.
Business|Barneys New York Closing Sales Have StartedA liquidation sale at Barneys means … 5 percent off luxury handbags.5, 2019Days after Barneys New York was sold for pieces, the store-closing sales have started, with windows bearing signs that proclaim “Everything must be sold!
These companies have together sold around 44 million sq ft of residential space in 2018-19 against around 17 million sq ft in 2016-17— the demonetisation period — and 27 million sq ft in 2014-15.38 AM ISTAgenciesThese companies have together sold around 44 msqft of residential space in 2017-18 against 17msqft in 2016-17.
KOLKATA: Ecommerce contribution to total sales of smartphones and televisions has touched a new high this festive season.For smartphones, online sales have touched record 55-60% of total category sales last month, overtaking the halfway mark for the first time, while online sales of televisions was 40-45%, estimates by multiple leading brands said.
The festive period around Diwali is the peak sales season in India as many believe it an auspicious time to buy everything from gold to consumer durables and houses.32 AM ISTBCCLRelief for real estate developers has come after one of the worst quarters for them.
The company had sold 58,416 units in the corresponding month last year, M&M said in a regulatory filing.In the domestic market, sales were down 11 per cent at 49,193 units last month as compared to 55,350 units in October 2018.
October-end network stock is the lowest in last two years.58 PM ISTAgenciesThe company reported 34 per cent decline in total commercial vehicle sales at 25,983 units as against 39,420 units in the year-ago period.
Business|China Effectively Bans Online Sales of E-CigarettesThe move could effectively shut off one of the biggest markets for an industry that is facing pressure around the world.Boxes of e-cigarettes on a production line at First Union, one of China’s leading manufacturers of vaping products.
Over the past two-three years, P&G Home Products has been exiting unprofitable categories and product sizes, in line with its global strategy, that slowed down its revenue growth but led to much more profitable business.08 AM ISTAgenciesP&G also has two listed subsidiaries in India - Procter & Gamble Health & Hygiene, which markets feminine hygiene brand Whisper; and shaving products-maker Gillette India.
Groceries and restaurants are the standout categories of segments that witnessed an increase in average spends of 11 per cent and 32 per cent, respectively, in 2019 festivities, the company said.14 PM ISTBCCLThe average ticket size observed in jewellery retail dipped by 66 per cent to Rs 3,625 for Dhanteras and Diwali, while the same for apparel stores dipped 28 per cent to Rs 1,746, the company said.
MUMBAI: India’s car makers have reason to cheer, having got a festive season bump after six months of plummeting sales.Two-wheeler sales haven’t seen as much of a festive surge, though the performance has improved over previous months.
With sales volumes almost halving in the past four years, Honda Cars India, Japan's leading carmaker, is considering to restructure its manufacturing operations and cut cost, which may mean closing down one of its two units.The Greater Noida facility — its first manufacturing base in India — may turn into a R&D hub and small CKD operation units at best from the buzzing manufacturing operation it used to be almost a decade back, if the plan goes through.
The government’s recent announcement on bonus will help boost sales this year, think jewellers.Tanishq, for instance, is extremely upbeat about this year’s Dhanteras and Diwali sales.
The new strategy revolves around bringing in new models, widening geographical reach, ensuring profitability in the sales network and switching to sales of only petrol and electric vehicles, something which the group is doing globally.24 AM ISTGetty ImagesThe new strategy is crucial for the company as it is staring at a sales decline for the fifth consecutive year in 2019.