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The revenue of the French company LVMH, the world's largest manufacturer of luxury goods, in the first quarter of 2019 showed an increase of 16% compared to the same period of the previous year and amounted to 12 billion 538 million euros. The company recorded an increase in sales in all regions. Their organic growth was 11%. At the same time, the fashion segment showed the most significant revenue growth to 5 billion 111 million euros, an increase of 20%. Alcoholic beverages were sold in the amount of 1 billion 349 million euros, which is 13% more than a year earlier. Retail chains reported quarterly revenue of 3 billion 510 million euros, a growth of 13%. Sales of perfumes and cosmetics increased by 12%, watches and jewelry - by 9%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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