#sales-decline

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#starbucks

Starbucks CEO is replaced by Brian Niccol, who stepped in at Chipotle when the chain was in distress

Starbucks CEO Laxman Narasimhan steps down, replaced by Chipotle's Brian Niccol amid declining sales and investor concerns.

China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.

Starbucks' comparable sales in China fell by 14%, highlighting challenges in consumer spending and market competition.

Somewhere amid the Frappuccinos, fans say Starbucks lost something

Starbucks is losing business customers due to service inefficiencies, prompting new CEO Brian Niccol to urgently address these issues.

Why Starbucks is losing sales, and what it's doing about it

Starbucks faces declining sales and is shifting strategy under new CEO Brian Niccol to rejuvenate its brand and attract customers.

Starbucks Is Struggling. Is a Comeback Possible?

Starbucks is struggling with declining sales and has failed to innovate its drink menu, contributing to a 10% drop in foot traffic.

Starbucks CEO set to announce strategy to fix the coffee chain

Starbucks under new CEO Brian Niccol plans to shift strategy to win back customers.

Starbucks CEO is replaced by Brian Niccol, who stepped in at Chipotle when the chain was in distress

Starbucks CEO Laxman Narasimhan steps down, replaced by Chipotle's Brian Niccol amid declining sales and investor concerns.

China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.

Starbucks' comparable sales in China fell by 14%, highlighting challenges in consumer spending and market competition.

Somewhere amid the Frappuccinos, fans say Starbucks lost something

Starbucks is losing business customers due to service inefficiencies, prompting new CEO Brian Niccol to urgently address these issues.

Why Starbucks is losing sales, and what it's doing about it

Starbucks faces declining sales and is shifting strategy under new CEO Brian Niccol to rejuvenate its brand and attract customers.

Starbucks Is Struggling. Is a Comeback Possible?

Starbucks is struggling with declining sales and has failed to innovate its drink menu, contributing to a 10% drop in foot traffic.

Starbucks CEO set to announce strategy to fix the coffee chain

Starbucks under new CEO Brian Niccol plans to shift strategy to win back customers.
morestarbucks
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5 days ago

Caribbean Vendors Say Revamped Flatbush Location Lacks The Buzz

Vendors at the Flatbush Central Caribbean Marketplace are experiencing significant sales declines due to reduced visibility and foot traffic.
#tesla

Tesla shows it's not immune to the EV slowdown

Tesla's 2024 sales marked the first year-over-year decline in its history amidst rising competition and economic challenges.
The company plans to introduce an autonomous 'cyber cab' and a new cheaper model to regain market momentum.

Tesla sales fall for second straight quarter despite price cuts

Tesla's global sales fell for the second straight quarter despite price cuts and financing offers, reflecting weakening demand in the EV market.

Why Tesla's sales are slipping in California, and what it means for Elon Musk's car company

Tesla's declining sales in California suggest significant challenges ahead in a maturing EV market.

Tesla sales dropped 1.1% in 2024, its 1st annual decline in a dozen years

Tesla experienced its first annual sales drop since 2011, with total vehicle deliveries slightly down from the previous year.

The Tesla Model S And Model X Just Got More Expensive

Tesla increased Model S and Model X prices by $2,000 in the U.S.

Tesla Is Losing Ground In The U.S. And Europe: Here's Why

Tesla is losing market share in 2024 despite a growing overall demand for electric cars.

Tesla shows it's not immune to the EV slowdown

Tesla's 2024 sales marked the first year-over-year decline in its history amidst rising competition and economic challenges.
The company plans to introduce an autonomous 'cyber cab' and a new cheaper model to regain market momentum.

Tesla sales fall for second straight quarter despite price cuts

Tesla's global sales fell for the second straight quarter despite price cuts and financing offers, reflecting weakening demand in the EV market.

Why Tesla's sales are slipping in California, and what it means for Elon Musk's car company

Tesla's declining sales in California suggest significant challenges ahead in a maturing EV market.

Tesla sales dropped 1.1% in 2024, its 1st annual decline in a dozen years

Tesla experienced its first annual sales drop since 2011, with total vehicle deliveries slightly down from the previous year.

The Tesla Model S And Model X Just Got More Expensive

Tesla increased Model S and Model X prices by $2,000 in the U.S.

Tesla Is Losing Ground In The U.S. And Europe: Here's Why

Tesla is losing market share in 2024 despite a growing overall demand for electric cars.
moretesla
#electric-vehicles

Volkswagen hit by 60% fall in profits as sales in China slump

Volkswagen faces a significant profit drop and plans factory closures, addressing declining sales particularly in the vital Chinese market.

Luxury European automakers are getting crushed in China

European luxury carmakers are losing ground in China's market due to rising competition from affordable, tech-driven Chinese manufacturers.

Volkswagen crisis: How can Europe's auto industry survive? DW 09/17/2024

The European auto industry is facing severe challenges, with declining sales and underused production capacity impacting major manufacturers. Competition from China intensifies these issues.

Mercedes-Benz electric car sales plunge by a third as Chinese competition and stuttering demand hit home

European automakers face declining EV sales amidst fierce competition from Chinese manufacturers, with Mercedes-Benz reporting a significant 31% drop in Q3.
Weak demand for luxury vehicles is exacerbating the situation, as evidenced by a 10% decline in Mercedes sales in China in the first nine months.

Mercedes U.S. EV Sales Plummeted In 2024 While PHEVs Surged

Mercedes EV sales plummeted in 2024, particularly for the EQS, amid rising competition and shifting buyer preferences towards hybrids.

Toyota's hybrid success can't make up for recalls, faulty data and Chinese competition, as September sales slump 7.4%

Toyota excelled in 2023 as the world's top automaker but now faces declining sales and significant challenges, particularly in safety compliance and competition.

Volkswagen hit by 60% fall in profits as sales in China slump

Volkswagen faces a significant profit drop and plans factory closures, addressing declining sales particularly in the vital Chinese market.

Luxury European automakers are getting crushed in China

European luxury carmakers are losing ground in China's market due to rising competition from affordable, tech-driven Chinese manufacturers.

Volkswagen crisis: How can Europe's auto industry survive? DW 09/17/2024

The European auto industry is facing severe challenges, with declining sales and underused production capacity impacting major manufacturers. Competition from China intensifies these issues.

Mercedes-Benz electric car sales plunge by a third as Chinese competition and stuttering demand hit home

European automakers face declining EV sales amidst fierce competition from Chinese manufacturers, with Mercedes-Benz reporting a significant 31% drop in Q3.
Weak demand for luxury vehicles is exacerbating the situation, as evidenced by a 10% decline in Mercedes sales in China in the first nine months.

Mercedes U.S. EV Sales Plummeted In 2024 While PHEVs Surged

Mercedes EV sales plummeted in 2024, particularly for the EQS, amid rising competition and shifting buyer preferences towards hybrids.

Toyota's hybrid success can't make up for recalls, faulty data and Chinese competition, as September sales slump 7.4%

Toyota excelled in 2023 as the world's top automaker but now faces declining sales and significant challenges, particularly in safety compliance and competition.
moreelectric-vehicles
#automotive-industry

Stellantis CEO Carlos Tavares Quits Amid Strategy Dispute

Carlos Tavares resigned as CEO of Stellantis amid declining sales, and an Interim Executive Committee has been formed to lead until a new CEO is appointed.

Nissan is having a terrible time, and Trump might be about to make it a whole lot worse

Nissan's turnaround plans are threatened by sales declines and proposed tariffs from Trump on Mexican imports.

5 problems the next CEO of Jeep's owner will have to fix

Stellantis' turmoil deepens after CEO Carlos Tavares resigns, leaving a leadership vacuum amidst declining sales and tough competition.

Stellantis CFO: 'Performance is below our potential' in North America as sales collapse 42%

Stellantis faced a 27% drop in sales driven by North American market challenges and delays in new car launches, compromising their previous growth trajectory.

Struggling auto giant Stellantis says CEO Carlos Tavares will retire in 2026 when his contract ends

Stellantis is undergoing significant leadership changes as CEO Carlos Tavares announces his retirement in 2026 amidst declining sales and profit forecasts.

German Automakers Are Really Being Left Behind By Chinese EVs

European luxury car brands are facing significant sales drops in China, forced to adapt as Chinese EV manufacturers gain market share.

Stellantis CEO Carlos Tavares Quits Amid Strategy Dispute

Carlos Tavares resigned as CEO of Stellantis amid declining sales, and an Interim Executive Committee has been formed to lead until a new CEO is appointed.

Nissan is having a terrible time, and Trump might be about to make it a whole lot worse

Nissan's turnaround plans are threatened by sales declines and proposed tariffs from Trump on Mexican imports.

5 problems the next CEO of Jeep's owner will have to fix

Stellantis' turmoil deepens after CEO Carlos Tavares resigns, leaving a leadership vacuum amidst declining sales and tough competition.

Stellantis CFO: 'Performance is below our potential' in North America as sales collapse 42%

Stellantis faced a 27% drop in sales driven by North American market challenges and delays in new car launches, compromising their previous growth trajectory.

Struggling auto giant Stellantis says CEO Carlos Tavares will retire in 2026 when his contract ends

Stellantis is undergoing significant leadership changes as CEO Carlos Tavares announces his retirement in 2026 amidst declining sales and profit forecasts.

German Automakers Are Really Being Left Behind By Chinese EVs

European luxury car brands are facing significant sales drops in China, forced to adapt as Chinese EV manufacturers gain market share.
moreautomotive-industry
#retail

I shopped at Kohl's to see how stores are taking 'aggressive action' to boost plummeting sales

Kohl's faces significant sales declines and leadership change as it aims to recover through strategic initiatives with partners like Sephora.

'Weaker' shopper confidence amid the Budget forces Frasers to cut profit outlook - London Business News | Londonlovesbusiness.com

Weaker consumer confidence has led Frasers to lower its profit forecast for the year.
Frasers reported a 10.5% decline in underlying profits due to reduced sales.

I shopped at Kohl's to see how stores are taking 'aggressive action' to boost plummeting sales

Kohl's faces significant sales declines and leadership change as it aims to recover through strategic initiatives with partners like Sephora.

'Weaker' shopper confidence amid the Budget forces Frasers to cut profit outlook - London Business News | Londonlovesbusiness.com

Weaker consumer confidence has led Frasers to lower its profit forecast for the year.
Frasers reported a 10.5% decline in underlying profits due to reduced sales.
moreretail

The Booze Industry Took a Big Hit in 2024

The spirits industry is facing significant challenges and declining sales, with various factors contributing to a pessimistic outlook for the future.
#job-cuts

Nissan Cuts 9,000 Jobs and Slashes C.E.O.'s Pay in Half

Nissan is cutting 9,000 jobs and slashing production capacity by 20% amid significant sales declines and a 90% drop in operating profit.

Mulberry cuts a quarter of HQ staff after sales slump and bigger losses

Mulberry is cutting 25% of its head office staff due to significant revenue losses.

Nissan Cuts 9,000 Jobs and Slashes C.E.O.'s Pay in Half

Nissan is cutting 9,000 jobs and slashing production capacity by 20% amid significant sales declines and a 90% drop in operating profit.

Mulberry cuts a quarter of HQ staff after sales slump and bigger losses

Mulberry is cutting 25% of its head office staff due to significant revenue losses.
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#consumer-behavior

There's more to China's luxury spending slump than its struggling economy

Demand for luxury goods in mainland China is declining due to economic slowdown and changing consumer habits.

It's not getting any easier for fast-food chains

Fast-food sales are down due to price increases and competition from home cooking and independent restaurants.

It looks like the party's over for luxury goods in China

Luxury retailers in China experience significant sales decline, impacted by luxury shame and shifting purchases to other markets.

There's more to China's luxury spending slump than its struggling economy

Demand for luxury goods in mainland China is declining due to economic slowdown and changing consumer habits.

It's not getting any easier for fast-food chains

Fast-food sales are down due to price increases and competition from home cooking and independent restaurants.

It looks like the party's over for luxury goods in China

Luxury retailers in China experience significant sales decline, impacted by luxury shame and shifting purchases to other markets.
moreconsumer-behavior
#china-market

Apple beats expectations, but drops in China

Apple's sales in China are declining, indicating potential market saturation and increased competition from local brands.
Tim Cook noted active devices are at an all-time high, despite sales challenges.

China's luxury market has been in a slump, and we're about to find out how bad it really is

China's luxury market faces its worst quarter in four years, despite aggressive stimulus measures.

Apple beats expectations, but drops in China

Apple's sales in China are declining, indicating potential market saturation and increased competition from local brands.
Tim Cook noted active devices are at an all-time high, despite sales challenges.

China's luxury market has been in a slump, and we're about to find out how bad it really is

China's luxury market faces its worst quarter in four years, despite aggressive stimulus measures.
morechina-market
#mcdonalds

McDonald's says E. coli outbreak linked to Quarter Pounder hit sales

McDonald's faces challenges with sales and customer visits declining due to health concerns but aims to restore consumer confidence swiftly.

McDonald's sales dropped for the 2nd quarter in a row as customers keep tightening their belts

McDonald's sales decline reflects challenges driven by food inflation and changing consumer spending habits. CEO stresses value and affordability in response.

McDonald's posts biggest decline in global sales in four years

McDonald's faces significant sales drop due to reduced consumer spending and geopolitical factors, marking the largest decline in four years.

McDonald's Is Feeling The Heat As Customer Visits Fall Amid E. Coli Scare - Tasting Table

McDonald's faces a trust deficit and declining sales due to an E. coli outbreak linked to its food.

Global sales for McDonald's plummet - London Business News | Londonlovesbusiness.com

McDonald's sales continue to decline despite a slight rise in the US market, prompting a reevaluation of value offerings.

McDonald's says E. coli outbreak linked to Quarter Pounder hit sales

McDonald's faces challenges with sales and customer visits declining due to health concerns but aims to restore consumer confidence swiftly.

McDonald's sales dropped for the 2nd quarter in a row as customers keep tightening their belts

McDonald's sales decline reflects challenges driven by food inflation and changing consumer spending habits. CEO stresses value and affordability in response.

McDonald's posts biggest decline in global sales in four years

McDonald's faces significant sales drop due to reduced consumer spending and geopolitical factors, marking the largest decline in four years.

McDonald's Is Feeling The Heat As Customer Visits Fall Amid E. Coli Scare - Tasting Table

McDonald's faces a trust deficit and declining sales due to an E. coli outbreak linked to its food.

Global sales for McDonald's plummet - London Business News | Londonlovesbusiness.com

McDonald's sales continue to decline despite a slight rise in the US market, prompting a reevaluation of value offerings.
moremcdonalds

Jane Lauder is departing Estee Lauder, taking her out of the race to lead the company her grandmother founded

Jane Lauder departs Estée Lauder after 27 years, amid leadership changes and ongoing sales struggles, yet plans to stay involved as a board member.
#dennys

Denny's is closing 150 locations in the latest sign of the squeeze on family dining

Denny's is closing 150 locations to improve sales performance in response to declining family dining trends influenced by inflation.

Denny's says it expects to close 150 locations by the end of 2025

Denny's is closing 150 restaurants to combat declining sales and adapt to changing consumer preferences.

Denny's is closing 150 locations in the latest sign of the squeeze on family dining

Denny's is closing 150 locations to improve sales performance in response to declining family dining trends influenced by inflation.

Denny's says it expects to close 150 locations by the end of 2025

Denny's is closing 150 restaurants to combat declining sales and adapt to changing consumer preferences.
moredennys
#executive-changes

Target reshuffles C-suite

Target announces executive role changes to strengthen growth strategy amidst recent sales decline.

Nestle cuts sales outlook in a 'very painful reset' and overhauls top leadership

Nestlé reports declining sales and lowers its 2024 outlook due to weakened consumer demand, prompting executive reshuffling and a focus on promotions.

Target reshuffles C-suite

Target announces executive role changes to strengthen growth strategy amidst recent sales decline.

Nestle cuts sales outlook in a 'very painful reset' and overhauls top leadership

Nestlé reports declining sales and lowers its 2024 outlook due to weakened consumer demand, prompting executive reshuffling and a focus on promotions.
moreexecutive-changes
#market-competition

Apple is staring down two different futures for the iPhone

The future of the iPhone hinges on the success of Apple Intelligence in driving sales

The Craft Spirits Industry Is at a Make-or-Break Moment. Is Better Distribution the Way Forward?

Craft distilleries must adapt to declining sales by exploring direct-to-consumer strategies to maintain market relevance.

Apple is staring down two different futures for the iPhone

The future of the iPhone hinges on the success of Apple Intelligence in driving sales

The Craft Spirits Industry Is at a Make-or-Break Moment. Is Better Distribution the Way Forward?

Craft distilleries must adapt to declining sales by exploring direct-to-consumer strategies to maintain market relevance.
moremarket-competition
#lvmh

LVMH's Bernard Arnault sees nearly $10 billion in wealth wiped out after share price bloodbath

Bernard Arnault's wealth fell nearly $10 billion after LVMH reported a 3% drop in third-quarter sales, reflecting broader struggles in the luxury market.

It looks like the glory days of luxury are over for LVMH, at least for now

LVMH experienced a 3% decline in sales, primarily due to decreased luxury demand from Chinese consumers.

LVMH's Bernard Arnault sees nearly $10 billion in wealth wiped out after share price bloodbath

Bernard Arnault's wealth fell nearly $10 billion after LVMH reported a 3% drop in third-quarter sales, reflecting broader struggles in the luxury market.

It looks like the glory days of luxury are over for LVMH, at least for now

LVMH experienced a 3% decline in sales, primarily due to decreased luxury demand from Chinese consumers.
morelvmh

Commercial property sales in LA County spiral down 18%

Commercial property sales experience significant decline across Los Angeles, primarily influenced by economic factors and regulatory changes.

As sales of homes worth over 1m plunge in Ireland, where are they and who is buying them?

The luxury housing market in Ireland faces challenges with declining sales volumes primarily due to supply issues rather than reduced demand.

Subway Holds Franchisee Conference as Sales Plummet | Entrepreneur

Subway's sales have significantly declined, prompting a meeting to address franchisee concerns and strategize for regaining market share.

Is luxury fashion in its flop era?

Luxury industry faces underconsumption challenge with declining sales among top brands.

LVMH shares down as shoppers rein in spending on handbags and champagne

Luxury goods firms facing weak demand, especially for lower priced items, due to cost of living squeeze by higher interest rates.
#apple

Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China

Apple faced challenges with declining sales, especially in China, due to competition from Huawei and other big tech companies performing better financially.

Gadget fans question why Apple is still churning out new iPads

iPad sales decline despite new releases.

Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China

Apple faced challenges with declining sales, especially in China, due to competition from Huawei and other big tech companies performing better financially.

Gadget fans question why Apple is still churning out new iPads

iPad sales decline despite new releases.
moreapple
#financial-performance

Nike is struggling to get its stride back

Nike's sales expected to decline in the coming quarters despite the implementation of a turnaround plan.

Nintendo Switch Sales Slide As Console Enters Its Eighth Year

Nintendo Switch sales declined in hardware and software in fiscal year 2024.

Nike is struggling to get its stride back

Nike's sales expected to decline in the coming quarters despite the implementation of a turnaround plan.

Nintendo Switch Sales Slide As Console Enters Its Eighth Year

Nintendo Switch sales declined in hardware and software in fiscal year 2024.
morefinancial-performance

Apple Vision Pro 2 Won't Launch Until At Least Late 2026

Apple Vision Pro 2 release delayed until end of 2026, sales reportedly declined due to high price.

Apple's $3,500 Vision Pro Headset Has Reportedly Been Met With Low Demand Since Launch

Demand for Apple Vision Pro is lower than expected, leading to production cuts and potential decline in sales.

Dragon Quest Producer Steps Down Amid DQ12 Delays And Square Reorg

Square Enix reorganizing to address sales decline
Focus on key titles and AI integration for marketing

B&Q owner sees profits tumble and warns over earnings for the year ahead

Kingfisher's annual profits slumped by more than 25%, with a significant drop in pre-tax profits to 568 million.
The group is overhauling its French arm, focusing on improving performance by restructuring stores and cutting down on underperforming locations.
#bud-light

Bud Light slips to No. 3 in the US-and we can thank Leonard Leo

Bud Light faced sales decline due to backlash over transgender influencer association, highlighting the impact of right-wing groups in consumer decisions.

Bud Light boycott likely cost Anheuser-Busch InBev over $1 billion in lost sales

Anheuser-Busch InBev may have lost $1.4 billion in sales due to backlash from partnership with transgender influencer.
Bud Light sales declined in the US after the controversial Instagram post, losing market share to Modelo Especial.

Bud Light slips to No. 3 in the US-and we can thank Leonard Leo

Bud Light faced sales decline due to backlash over transgender influencer association, highlighting the impact of right-wing groups in consumer decisions.

Bud Light boycott likely cost Anheuser-Busch InBev over $1 billion in lost sales

Anheuser-Busch InBev may have lost $1.4 billion in sales due to backlash from partnership with transgender influencer.
Bud Light sales declined in the US after the controversial Instagram post, losing market share to Modelo Especial.
morebud-light

Foldable models, artificial intelligence and other MWC proposals to boost cell phone sales

Smartphone industry experiencing sales decline
Manufacturers struggling with renewing sales strategies
Focus on AI integration and foldable formats at MWC

Environmentally friendly heat pumps hit slump in Europe, says lobby group

Heat pump market in Europe experiencing a slump.
European countries facing challenges due to decreased heat pump sales.

Germans bought less beer last year, resuming a long-term downward trend

German beer sales dropped 4.5% in 2023, continuing a long-term downward trend.
Sales inside Germany accounted for over four-fifths of the total and saw a 4.2% decrease.

Nike brings senior executive out of retirement to help mend retail partnerships

Nike is laying off 2% of staff while bringing back a retired executive for recovery efforts.
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