Burberry, the renowned British fashion firm, has recently joined the list of luxury companies experiencing a decline in demand due to inflationary pressures impacting affluent consumers worldwide. In a recent announcement on Thursday, Burberry expressed concerns about meeting its fiscal year targets if this trend persists, following a significant slowdown in second-quarter … [Read more...] about Slowdown in Demand for Burberry
Demand
Gemfields December Ruby Auction Experiences Solid Sales Growth
Gemfields Group has reported a slight increase in sales from its December ruby auction, driven by a higher average price and strong demand for the gemstone. At this year's auction, the company sold 239,591 carats of ruby for a total of $69.5 million. This is compared to last year's December auction, where 431,671 carats were sold for $66.8 million. Notably, all the offered … [Read more...] about Gemfields December Ruby Auction Experiences Solid Sales Growth
Dell Technologies: Analyst Upgrades Rating on Improving Demand
Analyst Louis Miscioscia from Daiwa Capital Markets has raised his rating on computer maker Dell (ticker: DELL), citing improving demand. In a research note, Miscioscia upgraded shares of Dell to Outperform from Neutral and increased his price target to $80 from $50, implying a gain of 16% from the stock's closing price on Monday. According to Miscioscia, the demand slowdown … [Read more...] about Dell Technologies: Analyst Upgrades Rating on Improving Demand
Sealed Air Cuts Outlook as Demand Slows
Sealed Air, the renowned manufacturer of packaging materials, including the beloved bubble wrap, is facing a challenging period due to sluggish demand. As a result, the company has revised its full-year sales and adjusted earnings projections. Revised Sales Outlook The Charlotte, N.C.-based company now expects its annual sales to range between $5.40 billion and $5.60 billion. … [Read more...] about Sealed Air Cuts Outlook as Demand Slows
Deutsche Lufthansa Reports Surge in Revenue and Profit
Deutsche Lufthansa has announced a significant increase in revenue and profit for the second quarter, driven by strong demand that is expected to continue throughout the year. Passengers are eager to make up for lost time due to the Covid-19 pandemic, especially in premium cabins. During the three months ending in June, the German carrier group recorded revenue of €9.39 billion … [Read more...] about Deutsche Lufthansa Reports Surge in Revenue and Profit
