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Business 5 years ago
Nike cheers return of pro sports as earnings top expectations
The sports giant, which suffered bruising losses in the prior quarter due to the coronavirus pandemic, notched an 82 percent increase in digital sales in the quarter ending August 31, offsetting lower revenue in its wholesale business and declines in retail stores, where traffic is still down due to Covid-19.
Business 6 years ago
Hyundai expects new family of Ioniq vehicles to drive global EV sales
Korean automaker Hyundai Motor Co is creating a family of electric vehicles it will sell under the Ioniq brand as part of its drive to become the world’s third-largest seller of EVs by 2025, the company said on Sunday.
Business 6 years ago
Japanese companies hold firm on investment plans in Indonesia despite drop in sales, production
The JETRO survey, which illustrates the impact the pandemic has had on more than 350 Japan-based companies operating in Indonesia, shows that due to the pandemic, 80 percent of the companies have seen a decrease in sales, with 37 percent stating their sales had fallen to half their normal levels in this year’s second quarter.
Business 6 years ago
Indonesia's retail sales tumble to biggest fall since 2008
Indonesia’s retail sales index contracted by 20.6 percent in May, the biggest dive since 2008, dragged by plunging clothes sales, as well as cultural and recreational spending, a Bank Indonesia (BI) survey released on Wednesday has shown.
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