Temu and Shein Experience Decline in US Sales Following Tariff Price Increases Fashion retail giants Temu and Shein have recently faced a significant setback in the US market. According to the latest reports, Shein witnessed a notable 23 percent decline in US sales, while Temu experienced a 17 percent drop during the week spanning from […]
H&M First Quarter Sales Weaker Than Expected
H&M First Quarter Sales Weaker Than Expected Swedish fashion giant H&M recently reported that its first-quarter sales have fallen short of expectations, painting a picture of a slow start to the spring and summer season. The company disclosed that sales were only up by 1 percent in March thus far, a figure that is below […]
Gap Surges on Strong Sales Led by ‘Impressive’ Namesake Brand
Gap Surges on Strong Sales Led by ‘Impressive’ Namesake Brand Gap Inc. has recently witnessed a remarkable surge of 17 percent in its shares, leaving investors pleasantly surprised with the quarterly sales figures. The renowned retail giant has managed to outperform market expectations, with its flagship brand, Gap, leading the impressive charge. Alongside Gap, Old […]
Samsung faces slowdown in AI chip sales
Samsung Faces Slowdown in AI Chip Sales Samsung, a global leader in technology and innovation, is currently facing a significant challenge in its AI chip sales. The company, known for its cutting-edge advancements in various tech sectors, is experiencing a slowdown in its AI and memory divisions, leading to declining profits and raising concerns among […]