Lindt reported a 7.5% drop in sales volume in H1 2026 despite an 11.8% price hike, attributing it to geopolitical conflicts, reduced tourism, and lower consumer sentiment in Europe. The company also faces future challenges from El Niño's potential impact on cocoa production.
Swiss chocolate maker Lindt has partially reversed its 11.8% price increase after first-half revenue shrank, particularly in the UK, Germany, and Switzerland. The company cited weaker Easter demand, geopolitical uncertainties affecting tourism, and price-sensitive markets as reasons for the decline, adjusting prices and boosting marketing in response.
US existing home sales fell in June due to high mortgage rates and record prices, despite job gains. Inventory remains tight, pushing median prices to a new high of $440,600. Sales are strongest at the higher end of the market.
Ford Motor reported a 10.3% decline in its second-quarter U.S. new vehicle sales, primarily due to an 11% drop in F-Series trucks from a supplier issue and a 40.7% fall in all-electric vehicle sales. Despite the overall decline, F-Series remained America's top-selling truck, and Ford's results slightly surpassed analyst expectations.
Starbucks Korea's sales plummeted after a 'Tank Day' campaign, coinciding with the anniversary of the 1980 Gwangju Uprising, sparked public outrage. The campaign was seen as insensitive to the pro-democracy movement's brutal suppression, leading to apologies, the firing of Starbucks Korea's head, and calls for boycotts.
UK retail sales volume fell 1.3% in April, the steepest monthly decline in a year, as motorists cut fuel purchases by over 10% after stocking up in March due to the Iran war. Excluding fuel, sales dropped 0.4%.
Carmaker gives one of largest warnings yet of conflict’s impact on businesses while Trump tariffs also take tollToyota has reported a £3bn hit from costs from the war in Iran, as prices of parts and materials soared and sales dropped.The world’s biggest carmaker said profits declined in its financial year to March as it was “likely unable to absorb newly added impact from the Middle East”, in one of the largest warnings yet of the war’s impact on businesses. Continue reading...
SEOUL, May 4 (Yonhap) -- Sales of Hyundai Motor Co. and Kia Corp. vehicles in th...
India's household LPG sales fell 8% year-on-year in March as state-run oil companies optimized supplies to offset a sharp decline in imports triggered by the Iran war. Commercial LPG consumption dropped 48% while bulk LPG supplies to industries plunged 75.5%. Overall LPG sales by state oil companies were down 13%, though auto LPG users saw a 30.6% rise. Domestic output rose 27% and imports fell 40% year-on-year.
