Hermes beats sales expectations, sees positive signs in China

Paris: Hermes, whose handbags sell for $10,000 and more, on Thursday reported stronger than expected fourth-quarter revenue growth, lifted by strong sales in the United States and Japan. Thanks to its ultra-wealthy clients and large order backlog, the group has weathered a luxury sector slowdown better than most of its rivals, consistently increasing revenue while […]

McDonald’s value meals bring back diners as US sales jump

When speaking at the McDonald’s Impact Summit, President Donald Trump urged the company to put more tartar sauce on the Filet-O-Fish. Budget-conscious Americans are returning to McDonald’s as the fast-food giant doubles down on value meals, discounted bundles and limited-time promotions aimed at stretching diners’ dollars. The strategy appears to be working as U.S. sales […]

Estée Lauder accuses Walmart of allowing counterfeit luxury beauty sales online

Walmart CEO Doug McMillon joins ‘Mornings with Maria’ to discuss his retirement, inflation pressures, tariffs, AI-driven growth and the future of America’s largest retailer. Estée Lauder Companies and several of its luxury brands have filed a federal lawsuit accusing Walmart of allowing counterfeit beauty and fragrance products to be sold through its online marketplace. The […]

Retail auto sales surge 17.6% in January 2026 as GST cheer sustains| Business News

Auto sales in January 2026 were at their highest since the festive season last year as the momentum brought on by GST rationalisation sustained for vehicles of all shapes and sizes. Auto sales in January 2026: A total of 27,22,558 vehicles were registered on the government’s VAHAN portal last month—up 17.61% over the year-ago period. […]

Budget allows one-time concessional duty sales by SEZ units in domestic market

India’s latest budget proposes a special one-time measure allowing eligible manufacturing units in Special Economic Zones to sell goods in the Domestic Tariff Area at concessional duty rates, responding to global trade volatility and US tariffs. | Photo Credit: BIJOY GHOSH Responding to long-standing industry demands amid global trade volatility and US tariffs, Finance Minister […]