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Industry News

Sony joins industry effort to promote high resolution audio

Published on October 9th, 2013 | by The GC Team

Sony has introduced a new line of products that make high resolution audio a more convenient, compelling and cost-effective listening experience for digital music enthusiasts, supporting the initiative with selected products pre-installed with high-resolution tracks from ... Read More


Industry News

August retail sales growth supports consumer optimism

UK retail sales slow in September

Published on October 8th, 2013 | by The GC Team

Year-on-year growth in the value of UK retail sales slowed from 3.6% in August to 2.4% in September, the British Retail Consortium reported today. Like-for-like sales, which strip out changes in floor space as retailers open ... Read More


Industry News

Retail footfall on the rise in Q3 2013

Published on October 8th, 2013 | by The GC Team

The number of shoppers to non-food stores rose by +8.5% in the third quarter of 2013, significantly better than the five-year seasonal average rise of +5.8%, according to the Retail Traffic Index (RTI), compiled by Ipsos ... Read More


Business

Fagor Electrodomésticos seeks protection from creditors

Published on October 8th, 2013 | by The GC Team

Spanish white goods manufacturer Fagor Electrodomésticos has filed for protection from creditors while it tries to refinance its debt. The company, which is Europe’s fifth largest appliance maker and part of the Basque region’s Mondragón co-operative, ... Read More


Business

Samsung releases Q3 2013 earnings guidance

Published on October 8th, 2013 | by The GC Team

Samsung Electronics has announced its earnings guidance for the third quarter of 2013, ahead of releasing its quarterly report. Operating profit rose almost 25% on the same period last year, from KRW 8.06 trillion to KRW ... Read More


Business

Loewe enters self-administration process

Published on October 4th, 2013 | by The GC Team

German TV manufacturer Loewe has been placed into a self-administration insolvency process (Insol-venzverfahren in Eigenverwaltung) to protect it from creditors and give the business three months to find new investors. Loewe filed for the creditor protection, ... Read More


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