French businesses look to new avenues to drive sales
Two rounds of Covid-19 lockdowns have taken their toll on French merchants, who are looking for innovative ways to boost fourth-quarter sales. Some of these changes are likely to last long after the pandemic is over.As have so many sectors in France, retailers have been struggling to survive amid Covid-19 lockdowns and new sanitary measures limiting the number of shoppers who can be in a store at any given time. With the internet their only lifeline, many are devising new ways of attracting customers – or developing an online presence for the first time.That has been a big leap for the nation’...
Dour prediction for festive New Year sales
Festive items for the New Year holiday, including calendars, diaries and cards, are likely to have sluggish sales as their purchase orders are down 15-20% from the third quarter last year because of the impact of the pandemic, says the Federation of Thai Industries (FTI).The purchase orders usually occur in the third quarter of each year when companies prepare to give gifts to their customers for the new year during December and January.According to FTI, sales of calendars, diaries and New Year cards are valued at around 1 billion baht.“2020 is a bad year for this business,” said FTI vice-chai...
The Bangkok Post
Online drug sales win-win for hospitals and patients
By WANG YIQING | China Daily | Updated: 2020-11-18 07:40The new draft supervision and management regulation on online sales of medicines introduced by the National Medical Products Administration allows for online sales of prescription drugs.Prescription drugs refer to medicines that patients can purchase only with a medical practitioner's prescription. Hitherto, one could purchase them only at hospitals and/or pharmacies. Because of security considerations, China did not allow online sales of prescription drugs in the past.As prescription drugs account for the bulk of the drugs people require...
Walmart reports strong US sales as it retreats from some overseas markets
New York (AFP) - Walmart scored another round of strong earnings Tuesday as it sharpens its focus on e-commerce growth and retreats from some overseas markets with the coronavirus roiling the retail economy.The world's biggest retailer enjoyed another quarter of lofty US sales, although the gains moderated from earlier in the pandemic when rival "non-essential" retailers were closed and shoppers boosted by US government stimulus funds.Executives said the pandemic had hastened shifts towards "omnichannel" retail that meets the needs of consumers who want to shop at home or retrieve packages at ...
October domestic car sales fall 1.4% y/y
Domestic car sales shrank for a 17th straight month in October, down 1.4% from a year earlier to 74,114 vehicles, after a 4.1% fall in the previous month, the Federation of Thai Industries (FTI) said on Tuesday.The improved sales were helped by relaxed coronavirus restrictions, government relief measures and launches of new car models, it said.Thailand is a regional vehicle production and export base for the world’s top automobile manufacturers.
The Bangkok Post
Juphar improves sales in third quarter after re-entry into Gulf region markets
Ras Al Khaimah. Gulf Pharmaceutical Industries PSC (Julphar), one of the largest pharmaceutical manufacturers in the Middle East and Africa, has reported its financial results for the third quarter of 2020. The company generated Dh186.9 million in sales, an increase quarter on quarter by 10 per cent, credited to the successful market re-entry in Saudi Arabia, Oman, Kuwait, and Bahrain following the lifting of the temporary export suspension into these countries earlier this year. Julphar has also announced a net loss of Dh21.8 million, a substantial improvement since 2019, which is attributed ...
Volkswagen reports fewer vehicles sales for October
German automobile manufacturer Volkswagen said on Friday that sales of its vehicles fell once again in October, after a slight stabilization period in September.Worldwide deliveries were down 4.9 per cent compared to the same month last year, to 903,200 vehicles, the company said.This comes after sales at the world's largest car manufacturer recovered slightly in September, with a 3.3-per-cent increase in sales. That comes after the previous months were marked by fluctuations in the context of the coronavirus pandemic.The recovery was likely marred by weaker deliveries to VW's single-most impo...
China’s Singles Day sales top RMB 332 billion across platforms
Chinese e-commerce giants including Alibaba and JD.com have announced new record-breaking sales for Singles Day, the 11-day shopping extravaganza that ended Wednesday at midnight.Why it matters: Singles Day, typically a 24-hour event, has evolved into a weeks-long shopping festival. Alibaba, credited with popularizing the promotion, extended the event this year by creating two shopping windows that combined spanned Nov. 1 to 11.Singles Day is the world’s largest sales event and is considered an informal bellwether for China’s economic health.The two checkout periods mean that gross merchandise...
CTC sales, profit and revenue to Govt. recover in 3Q | Daily FT
Ceylon Tobacco Company PLC (CTC) has reported a recovery in sales and profit in the third quarter in tandem with the reopening of the economy after the COVID-19-induced shutdown.CTC said the company’s performance in the three months ended 30 September, show a healthy recovery reverting to nearly early 2020 pre-COVID-19 levels and posted a growth in sales volumes in comparison to the previous quarter of the year due to countrywide resumption of economic activities from mid-May onwards.Consequently, the company’s turnover for the quarter grew by 26% to Rs. 44.6 billion and the Government revenue...
Daily Financial Times
Tropical shopping paradise
South China's resort island province of Hainan raked in 12.01 billion yuan ($1.82 billion) in duty-free sales in the four months ended in October since it implemented an offshore duty-free shopping policy. Sales increased 214.1 percent year-on-year, according to customs data. Photo: cnsphotoCopyright Global Times. All rights reserved.Provided by SyndiGate Media Inc.