TELEVISION SALES SLUMP
Handset, TV makers set to slash production on festive sales shock
Smartphone and television makers are cutting production by up to 20% after a weak festive season left retailers with excess inventory and unit sales down sharply year-on-year. Surging memory-chip costs have pushed up device prices, hurting demand particularly in entry- and mid-range segments and forcing brands to scale back output over the next few months.
Europe's medical device makers hit by Trump tariffs
European medical device companies are feeling the pinch of US trade tariffs. Siemens Healthineers expects doubled tariff impacts by 2026. Ambu and Royal Philips also face margin pressure and tariff hits. Uncertainty persists as Washington probes medical device imports, potentially leading to new levies. Companies are managing costs and considering strategic shifts.
GST rate cuts spark record sales for auto, consumer electronic and FMCG companies
Automobile, electronics, and FMCG firms anticipate record sales to retailers on Monday due to GST rate cuts. Bookings surged after a month-long slump. Hyundai expects to bill over 10,000 vehicles. Haier forecasts sales exceeding Rs 250 crore. Parle Products anticipates a 25-30% rise in primary sales. Companies will pass on GST benefits to consumers.
GST cut call takes wind out of sales: Surge after September 22 may offset decade-low slump
Sales of cars, electronics, and apparel have significantly declined. This drop happened after the Goods and Services Tax (GST) rate cut announcement. Consumers and retailers are delaying purchases. They are waiting for the September 22 rollout. Major retailers experienced a sharp decrease in sales. They anticipate a surge in demand after the GST implementation.
LG rewires strategy before hitting IPO switch
LG Electronics India is implementing cost-cutting measures, including reducing in-store sales promoters, due to declining revenue in the first half of 2025. Sales of ACs and refrigerators have been impacted by a cooler summer and weak consumer demand. The company aims to present a strong financial performance before its planned IPO, scheduled for October-November, to attract investors.
Bank of America expects Indian IPO market to pick up within six months
“I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday. Some of last year’s IPO activity has more recently given way to sales of secondary shares, which are quicker and give holders a chance to monetize their stakes, Purohit said.
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No slowdown in consumption: Reliance Retail
Reliance 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 attributed the same to a mix of strategies it has adopted and also to expansion activities.
Brexit deal taking too long, tariffs are ‘new normal’, says N Chandrasekaran
Protectionism is here to stay and tariffs will be the buzzword in the new business zeitgeist, says the chief of the Indian giant that owns JLR. Although the marquee car brand reels under Brexit uncertainty, there is no plan to sell it, he adds.
This festive season, shopping offline to get as cheap as online
Brands like OnePlus, Xiaomi and Kodak and apparel retailers plan offers to beat the slump.
No lavish weddings in Kashmir: Mutton sellers, wazwan cooks, jewellers pay the price
There are over 25 such advertisements in Monday's edition of the daily, which is being circulated to limited areas in the city.
There’s no slump in demand for phones and white goods
Sales 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 economy
Growth in India slumped to a five-year low of 5.8 per cent in the three months to March.
Summer heat sends sale of ACs, refrigerators soaring
Smaller cities, towns see big sales growth, as easy finance also aids demand.
The big picture: TVs watch from the stands as ACs post mammoth total
For 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 hopeful
Top makers like LG, Panasonic India, Whirlpool, Videocon and Sony India said extra money in the hands of consumers should lead to a spurt in consumption.
Samsung rejigs electronics business to give a ring to its sales
Samsung India, the market leader in mobile phones and flat panel televisions, has restructured its consumer electronics and home appliances business into geographical divisions.
Washington Post Co profits slump on news losses
The Washington Post Co. eked out a slim profit in the first quarter as earnings from cable and broadcast television operations offset losses from its flagship daily newspaper.
Post Olympics, sportswear brands battle for supremacy
Post-London 2012 Olympics, major brands in the summer sportswear industry are battling for market share, says UK-based Textiles Intelligence.
Multiple price increases hit durables market; firms see bleak 2012
Sales of air-conditioners have slumped while those of refrigerators and washing machines have slowed this year as consumers postpone highvalue purchases
Out of the box office: How the cinema consumer is changing
Does the box office rule? Yes and No. Yes, because in terms of absolute numbers, it is still the largest contributor to a film’s revenue.
Gartner predicts slow growth in PC sales in 2011
Gartner, 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 jump
Samsung Electronics Co. said third-quarter net profit tripled to a record amid higher prices for computer memory chips and increased sales of consumer products from flat screen televisions to mobile phones.
Samsung 3Q profit triples to record as sales jump
Samsung said third-quarter net profit tripled to a record amid increased sales of flat screen TVs and mobile phones and higher prices for computer memory chips.
US retail sales post good show in 2009
Sales at US retailers in February fell less than forecast and January’s gain was almost double the previous estimate, indicating the biggest part of the economy may be starting to stabilize.
Samsung may report first ever quarterly loss
Samsung Electronics Co. may post its first quarterly loss ever, hit by falling prices for memory chips and flat screen TVs as well as waning consumer demand amid the global economic slump.
Kuwait cancels $17 bn JV with Dow Chem
Kuwait's cabinet has cancelled a deal to form a $17.4 bn petrochemical joint venture with US firm Dow Chemical, which has met with opposition in parliament.
2 Volkswagen plants to suspend production in China
Two Chinese auto plants run by German automaker Volkswagen AG through joint ventures are planning to partly suspend production lines to conduct maintenance work, state television reported today.
Buyers can crack durable code
Even as the usual fervour surrounding diwali sales is missing this time around, there are some good deals for the consumers in the market.
Godrej, Videocon may bid for GE's appliance business
GE had said last week that it is considering a sale of its appliance operations with options of a joint venture or spinning off the business. Women lap up gizmos
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