GST, cash flow issues take glow out of gem, jewellery sales

Sale of gem and jewellery is likely to drop 10-15 per cent in the current financial year due to Goods and Services Tax (GST), high gold price and cash flow issues, according to N Anantha Padmanaban, Chairman, All India Gem and Jewellery Domestic Council. In 2016-17, the sale of gem and jewellery was nearly ₹3.60 lakh … Read more GST, cash flow issues take glow out of gem, jewellery sales

Apple Issues Profit Warning, Cuts Revenue Outlook By $9 Billion Amid Pricey iPhone Sales Drop

tomorrow’s prices Apple CEO Tim Cook issued the Silicon Valley company’s first profit warning in 16 years, knocking $9 billion off its revenue outlook for the December quarter blaming the drop in iPhone sales on China’s slowing economy and consumers savvy-ness rather than on years of price gouging and the lack of product innovation. (Photo … Read more Apple Issues Profit Warning, Cuts Revenue Outlook By $9 Billion Amid Pricey iPhone Sales Drop

Apparel Sales Jump in September: 5 Stocks to Buy

Per Retail Metrics, total September same-store sales for apparel retailers came in at 7.9%, up from 7.8% from the year-ago period and compares with a 6.2% and 7.5% increase in August and July, respectively. It goes without saying that the apparel industry is on firm ground. September is considered the late back-to-school season. The late … Read more Apparel Sales Jump in September: 5 Stocks to Buy

Titan sees jewellery sales rising more than 25% in fiscal 2017-18

In the first half of 2017/18, Titan’s jewellery sale surged 47% to Rs61 billion. Photo: Pradeep Gaur/Mint Mumbai: India’s biggest-listed jeweller Titan Co. expects jewellery sales to leap more than a quarter this fiscal year as tighter rules on cash flows and a new sales tax hurt the mom-and-pop firms that dominate the business, a senior … Read more Titan sees jewellery sales rising more than 25% in fiscal 2017-18