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The Very Group upbeat despite fashion sales decline

2020-08-13 11:31:00| Daily apparel & textile news and comment - from just-style.com

Digital pureplay retailer The Very Group, formerly Shop Direct, expects to return to profit in the full-year after reporting strong fourth-quarter revenue growth as customers bought more online.

Tags: group sales fashion decline

 

RTL revenues fall over 28% in Q2, sees ad market decline slowing in Q3

2020-08-13 11:24:00| Telecompaper Headlines

(Telecompaper) European broadcaster RTL Group reported a sharp fall in second-quarter revenues, hurt by the slowdown in the advertising market during the coronavirus outbreak. Sales fell 28.3 percent year-on-year to EUR 1.186 billion. The company said it was able to offset around half the sales decline with lower costs. 

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Huawei lands top spot in Q2 smartphone market despite largest ever market decline

2020-07-31 16:51:00| Telecompaper Headlines

(Telecompaper) Worldwide smartphone shipments decreased 16.0% year over year in Q2, according to preliminary data from IDC. In total, companies shipped 278.4 million smartphones during Q2. Although this a larger decline than in the first quarter, it was expected as major economies around the globe were in lockdown for the majority of Q2 due to the pandemic.

Tags: top market largest spot

 

Google reports lower revenues, first even profit decline in Q2

2020-07-31 09:19:00| Telecompaper Headlines

(Telecompaper) Google's parent Alphabet reported lower revenues and its first ever revenue fall during the second quarter, even as the company's ad business started to recover amid the coronavirus pandemic.

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German economy suffers sharpest decline on record

2020-07-30 11:35:52| BBC News | Business | UK Edition

The economy shrank by 10.1% in the April-to-June period, official figures show.

Tags: record german economy decline

 

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