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Related Special Reports
...US confectionery giant Mondelez will be fined millions of euros as early as next month for restricting sales of its products between EU member states, according to three people with direct knowledge of the...
...legal costs....
...Asda, the UK’s third-largest supermarket, posted an increase in sales and profits last year driven by a boost in sales during the cost-of-living squeeze as the chain beefed up its budget range....
...The billionaire family behind the discount chain Home Bargains paid themselves a £36mn dividend last year after the retailer notched up a rise in profits and sales amid the cost of living crisis....
...Even with record sales in 2021, Carvana did not generate positive free cash flow or net income....
...Consumer goods companies, including Coca-Cola’s rival PepsiCo, have struggled to maintain sales volumes while also raising prices to offset higher operating costs....
...Growth in UK retail spending slowed in January, according to new industry data that suggests households continue to be squeezed by the cost of living crisis....
...Chinese carmakers’ product costs are €3,500-€5,000 per unit cheaper than European counterparts, says Fabian Brandt of Oliver Wyman....
...Nike warned of a softer revenue outlook in its second half and that it planned to cut $2bn in costs over the next three years, ultimately sending its shares more than 7 per cent lower in after-hours trading...
...“Perhaps more encouragingly, we enter the financial year with new avenues of growth along with a cost base that feels under control.”...
...the impact of the cost of living crisis and high interest rates....
...Following months of delay, Nissan released a business plan on Monday addressing how a carmaker of its size — with annual sales of fewer than 4mn vehicles — would finance the costs of new technology development...
...In the US and Europe, EVs remain significantly more expensive to buy than engine rivals, though they have lower running costs that make them more economical in the long run....
...Zara-owner Inditex, the world’s biggest fashion group, reported a slight increase in sales growth in the crucial final quarter of the year for retailers while cost control helped its profits jump.The Spanish...
...Nike in December said it would embark on a restructuring plan to cut $2bn in costs over three years....
...Fourth-quarter adjusted earnings per share came in at $2.98, significantly ahead of market expectations of $2.40, despite a decline in comparable sales....
...The London-listed group said in a statement on Monday that it was now exploring a sale, liquidation, or raising financing at the subsidiary level, following an 87 per cent increase in the estimated cost...
...Heineken’s chief executive said high pricing had led to suppressed beer sales after reporting disappointing revenues for the “challenging” full year.The Netherlands-based brewer said the volume of beer sold...
...Kantar also reported that both more expensive and cheaper supermarkets reported fast sales growth, in contrast with the stronger performance of the latter for most of the cost of living crisis....
...Some economists said the figures from the trade body added to recent data showing an easing in cost of living pressures and pointed to an impending rebound in retail sales, as declining inflation boosted...
...But officials had expressed concerns that company vehicle purchases and maintenance costs were being deducted from corporate operating profits as expenses, reducing their tax exposure....
...Both revenues and adjusted earnings climbed last year, Asda said on Monday, as the group’s low-cost range Just Essentials and the launch of its loyalty app helped drive sales during a cost of living squeeze...
...Following months of delay, Nissan released a business plan on Monday addressing how a carmaker of its size — with relatively small annual sales of fewer than 4mn vehicles — would finance the costs of new...
...The prime minister’s ban on tobacco sales is a win....
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