China’s weak consumer demand is putting pressure on global companies, with major brands warning of a prolonged slowdown. French spirits giant Pernod Ricard saw a 25% drop in china sales, while Carlsberg reported the country’s beer market shrank 4 to 5% in 2024.

China’s luxury, spirits, & retail sales decline sharply

Business & Economy: Tesla reported its first annual sales drop, with a 1 per cent decline in 2024. Despite rising competition, the company retained its position as the world’s largest EV maker.

Elon Musk’s Tesla experiences first-ever annual sales decline

Within the serious bribery allegations by U.S. Prosecutors against Gautam Adani...Are the denials of his conglomerate to a Bloomberg news item from earlier this year detailing an investigation into bribes by the justice department. The indictment calls the group's denials of the news report on a probe false, including that the company lied to the Indian stock exchanges - the BSE and the NSE - on march 19, 2024. As per SEBI rules, this amounts to deceiving Indian investors. Watch in for details!

Gautam Adani Bribery Case: What Next For The Adani Case In The US? Explained

U.S. Attorney's office has charged Indian billionaire Gautam Adani with allegedly conspiring to bribe Indian government officials with over $250 million to award solar energy contracts. On Wednesday, prosecutors from Brooklyn, New York, said that Adani and the other defendants had solicited funds from American investors by spreading false information about the scheme. Watch in for more details!

Gautam Adani U.S. Indictment: Adani Shares Crash After US Indictment, Scrapped Bond Sale

The sale of stakes in Pakistan's national airline faces uncertainty after receiving disappointing offers, raising concerns about the future of the privatization effort and the airline's financial viability.

Pakistan: Uncertainty Surrounds Pakistan Airlines Stake Sale Due to Low Bids

McDonald’s reported a surprising 1.5% drop in global sales in the September quarter, a larger-than-expected decline from analysts’ anticipated fall. McDonald’s sales fell short of wall street’s expectations following weakness in international markets such as France, China, the UK and West Asia. The US though, was a bright spot.

Sales Drop as McDonald's Battles E. Coli Crisis

Germany’s iconic carmaker Mercedes-Benz has recently lowered its earnings forecast for 2024, citing a downturn in its Chinese market. This raises critical questions about the future of Germany’s automotive competitiveness. Is Mercedes still seen as an aspirational brand in an era where consumer preferences are rapidly shifting toward affordability and sustainability?

Mercedes lowers 2024 sales forecast

Hyundai Motor Company, one of the world's leading automobile manufacturers, has unveiled an ambitious strategy for the coming years, outlining its plans for growth and adaptation to evolving market trends.

Hyundai Motor aims to double hybrid lineup, increase sales by 2030

The Federation of Thai Industries reported on Tuesday that automobile production in Thailand experienced a significant decline of 16.62 per cent in July compared to the same month in the previous year, with output falling to 124,829 units.

Thailand car production reduces by 16.6 per cent Y-o-Y as local sale declines

The Chinese automotive market experienced a downturn in July, with overall sales decreasing by 5 per cent compared to the same period last year, according to data released by the China Passenger Car Association.

China auto sales lower in July, exports surge by 20 per cent

In other global news.. BYD.. Chinese automaker has hit a milestone in its second quarter earnings, breaking records in electric and hybrid plug-in vehicle sales

BYD's record earnings in June quarter

In this WION exclusive interview, we speak to Devashish Handa, Executive Vice President (Sales, Marketing, & After Sales) at Suzuki Motorcycle India. From discussing India’s triumphs & growth to his own personal experiences, the interaction aims to encapsulate industry expectations & trends.

‘Indian buyer is aspirational’ - WION exclusive sit-down with Executive VP, Suzuki Motorcycles

According to a report by Counterpoint, a technology market research firm, the global smartphone market is all set to rebound in 2024. Watch in for more details!

Smartphone sales to rebound on AI gains: Report

As the Muslim community across the world is observing the holy month of Ramadan, the favourite food to break the fast remains dates. Markets across Kashmir witnessed business of over $12 million during the month of Ramadan alone.

Kashmir: Dates become most-sold food item during Ramadan as sales surge

Sales operations play a pivotal role in the sales team, often working behind the scenes without receiving due credit for their substantial impact. Analogous to coaches and trainers in sports, although not in the limelight, they significantly contribute to the strategy and performance of the team.

Expert Voice | Jobs Breakdown - sales operations: A pivotal role in strategy

Nintendo has increased its sales projection for the switch console amid speculation of forthcoming hardware. With solid earnings and a lineup of popular titles, the gaming titan aims to sustain its market dominance.

Nintendo boosts switch sales forecast

Apple, a tech giant that was once synonymous with innovation and sleek design, is encountering a series of hurdles in the wake of the iPhone 15 launch, particularly in China. We tell you the five significant challenges that apple is currently grappling with.

Apple reports disappointing results in December

Tesla, the world's most valuable automaker, hit a major speed bump this week. CEO Elon Musk warned of "notably lower" growth in 2024, despite recent price cuts that hurt margins. Investors reacted harshly, sending the stock down 13% in a week. Meanwhile, short sellers are having a field day, making Tesla the most profitable short trade in the US so far this year.

Musk warns of slower sales growth

As the leader in the luxury car market, Mercedes-Benzes has experienced unprecedented growth, surpassing its previous all-time high of 15,822 units. Notably, the German automaker achieved its best-ever H2 and Q4 sales in India, maintaining its dominance for the ninth consecutive year.

Mercedes India reports 10% surge in sales

Several bars and restaurants in Venezuela's capital Caracas are offering an eight-hour tour where customers visit each establishment in a bid to boost low sales at a time of persistent inflation.

Venezuela: Capital bars offer food & dance tours for tourists to boost sales

Data from 'Black Friday' sales shows that the U.S. economy continues to defy the odds of recession. U.S. retail sales during the one-day shopping festival rose 2.5% compared to last year.

Report: Retail sales rises 2.5% compared to last year

Retailers are gearing up for a potentially record-breaking Global shopping frenzy on this year's Black Friday falling on November 24th. That's the fourth Friday of November, discover how shopping is evolving globally online surges changing habits and also the forecasted boom.

Decoding the top Black Friday sales trends of 2023

Foxconn, the largest supplier to apple, saw its revenue drop 4.6% in October to $23 billion. Hon Hai has traditionally had its busiest quarter in the last three months of the year due to year-end iphone shipments.

Foxconn faces decline in sales as China investigates

For the first time in history, Indians may be able to purchase a new made-in-India iPhone model on the launch day. Apple Inc. has been planning to bring the made-in-India iPhone 15 to the Indian market as well as some other regions on the debut day of the global sales, said officials.

Made-in-India Apple iPhone to debut on launch day in India for the first time

sales

Sales, News on Sales, stories on Sales, articles on Sales, Sales stories at Wion, Sales news, Sales latest news