The recall of Peloton’s $4,000 treadmills will shrink the company’s revenue by $165 million in the current quarter, the company said on Thursday. Peleton agreed on Wednesday to recall about 125,000 of its Tread+ treadmills, after refusing to do so for weeks even though the machine was linked to the death of one child and … Read more
BUSINESS LIVE: Boohoo enjoys bumper revenue growth; ITV sees cash from adverts bounce back; Ikea launches buy-back scheme for old furniture By Jane Denton For Thisismoney Published: 08:12 BST, 5 May 2021 | Updated: 08:13 BST, 5 May 2021 The FTSE 100 got off to a decent start this morning, rising over 0.62 per cent … Read more
Online shopping surges to account for a fifth of global retail revenue last year By Daily Mail City & Finance Reporter Published: 21:51 BST, 3 May 2021 | Updated: 22:03 BST, 3 May 2021 Click and buy: Online sales accounted for 19 per cent of sales in 2020 Online sales accounted for a fifth of … Read more
Apple and Facebook reported sharp increases in quarterly revenue Wednesday as both companies continue to take advantage of pandemic trends that have devastated other parts of the economy. With people sitting at home on lockdown, they’ve taken to scrolling their phones and computers: That’s led many of them to think it’s time for an upgrade, … Read more
Investing platform AJ Bell says it will top revenue expectations by at least £6m after customer numbers jumped during lockdown AJ Bell said its customer acquisition numbers had continued to grow strongly Baroness Helena Morrissey is due to become AJ Bell’s new chairman in 2022 Last year, the firm’s revenues rose by 21% while its pre-tax … Read more
Victoria Beckham Beauty – the cosmetics arm of the fashion designer’s brand – has launched with ‘incredible’ success, in the face of the COVID-19 pandemic. Victoria, 46, started trading Victoria Beckham Beauty in October 2019, releasing a new product every month, featuring the likes of lipstick, mascara and serum. And within the last quarter of that … Read more
While you probably see several sponsored content on your Twitter feed, it’s not as overwhelming as other social networks like Facebook. The downside, at least for the platform itself, is that the targeted advertising model is not giving them the expected revenue. Reports are now saying that they are looking at other sources of revenue … Read more
Audioboom enjoys bumper revenue growth as the number of locked-down podcaster listeners swells Revenue rose to £19.7m in the past year, which is up around a fifth from 2019 Advertiser numbers up and group managed to narrow its losses By Jane Denton For Thisismoney Published: 17:01 GMT, 20 January 2021 | Updated: 17:01 GMT, 20 … Read more
Good times: Watches of Switzerland vows to pay back furlough money after online sales spike boosts its fortunes The firm is Britain’s biggest retailer of Rolex, TAG Heuer and Breitling watches Domestic e-commerce purchases doubled in the seven weeks to December 13 Tesco, Lidl, Asda, and Morrisons have also vowed to repay public Covid relief … Read more
Royal Mail shares hit highest level in almost two years as it reveals online boom could deliver £580m in extra revenue The firm is making more money from parcels than letters for the first time The boom in demand is expected to result in its busiest ever Christmas Bosses predict it could add between £380m … Read more