Egyptian, Father, Husband, I design and develop #WordPress themes & plugins, founder of @tielabs
Blog.
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Nokia shares slide after it misses quarterly profit estimates
Finnish telecoms giant Nokia on Thursday posted quarterly operating profit that fell short of market expectations. The firm reported operating profit of 479 million euros ($524.94 million) in the first quarter, down from 583 million in the same period last year. The number was also below a forecast of 532.4 million euros from analysts polled by Refinitiv. Nokia said its comparable gross margin also fell 300 basis points to 37.7% from 40.7%. This was “due…
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McDonald’s closes U.S. offices as it prepares to inform workers of layoffs: WSJ
McDonald’s has shuttered its U.S. offices this week as it plans to lay off an unspecified number of corporate employees, the Wall Street Journal reports. The Chicago-based burger chain asked its corporate employees to cancel in-person meetings and work from home this week as they await notices about whether they will keep their jobs or be cut, according to an internal email cited by the Journal. A McDonald’s representative did not immediately respond to a…
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Brand value of the leading 10 most valuable luxury brands
This statistic depicts the brand value of the leading 10 most valuable luxury brands worldwide in 2019. In that year, Burberry was the seventh ranked most valuable luxury brand worldwide with a brand value of about 4.7 billion U.S. dollars. Luxury Goods The global luxury goods industry, which includes drinks, fashion, cosmetics, fragrances, watches, jewelry, luggage and handbags, has been on an upward climb for many years. Although the technical term ‘luxury good’ is independent…
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Black Friday frenzy goes global and not everyone’s happy
People don’t celebrate Thanksgiving in France, or Russia, or South Africa – but they do shop on Black Friday. The U.S. sales phenomenon has spread to retailers across the world in recent years with such force that it’s prompting a backlash from some activists, politicians and even consumers. Consumer rights groups in Britain and some other countries say retailers use Black Friday as a slogan to lure in shoppers, but it’s not always clear how…
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Samsung India revenue crosses $10-billion in 2018-19
n the flagship mobile phone business, Samsung India revenue increased by 15.4% at Rs 43,087.9 crore in FY19 as compared to Rs 37,349.7 crore in FY18… Samsung Electronics surpassed the $10-billion revenue mark in the Indian market in 2018-19 with the company continuing to grow its bread-and-butter mobile phone revenues despite the Chinese competition eating away market share. In fact, Samsung India also retained the top slot of largest mobile phone maker in India by…
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