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TELEVISION SALES SLUMP
Handset, TV makers set to slash production on festive sales shockSmartphone and television makers are cutting production by up to 20% after a weak festive season left retailers with excess inventory and u...- GST rate cuts spark record sales for auto, consumer electronic and FMCG companiesAutomobile, electronics, and FMCG firms anticipate record sales to retailers on Monday due to GST rate cuts. Bookings surged after a month-...
- GST cut call takes wind out of sales: Surge after September 22 may offset decade-low slumpSales of cars, electronics, and apparel have significantly declined. This drop happened after the Goods and Services Tax (GST) rate cut ann...
- LG rewires strategy before hitting IPO switchLG Electronics India is implementing cost-cutting measures, including reducing in-store sales promoters, due to declining revenue in the fi...
- No slowdown in consumption: Reliance RetailReliance Retail, which reported a 27 per cent rise in revenue to Rs 41,202 crore on Friday, said it has grown in a majority of segments and...
- Brexit deal taking too long, tariffs are ‘new normal’, says N ChandrasekaranProtectionism is here to stay and tariffs will be the buzzword in the new business zeitgeist, says the chief of the Indian giant that owns ...
- This festive season, shopping offline to get as cheap as onlineBrands like OnePlus, Xiaomi and Kodak and apparel retailers plan offers to beat the slump.
- There’s no slump in demand for phones and white goodsSales of smartphones and white good have grown at a faster clip in the six months from Jan to June.
- Expensive stocks risk sharp cuts from the slowing economyGrowth in India slumped to a five-year low of 5.8 per cent in the three months to March.
- The big picture: TVs watch from the stands as ACs post mammoth totalFor the first time, TV sales have not shown the usual spike during a World Cup, following the rise in spending on ACs.
- 7th pay commission: TV, white goods makers hopefulTop makers like LG, Panasonic India, Whirlpool, Videocon and Sony India said extra money in the hands of consumers should lead to a spurt i...
- Samsung rejigs electronics business to give a ring to its salesSamsung India, the market leader in mobile phones and flat panel televisions, has restructured its consumer electronics and home appliances...
- Washington Post Co profits slump on news lossesThe Washington Post Co. eked out a slim profit in the first quarter as earnings from cable and broadcast television operations offset losse...
- Multiple price increases hit durables market; firms see bleak 2012Sales of air-conditioners have slumped while those of refrigerators and washing machines have slowed this year as consumers postpone highva...
- Gartner predicts slow growth in PC sales in 2011Gartner, the IT reserarch and advisory company predicts a slump in the PC unit growth to 9.3% in 2011 to about 385 million units.
- Samsung 3Q profit triples to record as sales jumpSamsung said third-quarter net profit tripled to a record amid increased sales of flat screen TVs and mobile phones and higher prices for c...
- US retail sales post good show in 2009Sales at US retailers in February fell less than forecast and January’s gain was almost double the previous estimate, indicating the bigges...
- Samsung may report first ever quarterly lossSamsung Electronics Co. may post its first quarterly loss ever, hit by falling prices for memory chips and flat screen TVs as well as wanin...
- 2 Volkswagen plants to suspend production in ChinaTwo Chinese auto plants run by German automaker Volkswagen AG through joint ventures are planning to partly suspend production lines to con...
- Industry figure more durable than IIP’sGrowth in the consumer durable sector is not just durable but accelerating, contrasting Indian government’s official production data which ...
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