Tag Archives: sales

Auction houses see signs of art market uptick ahead of New York sales

By Chris Michaud| NEW YORK As auction powerhouses Christie’s and Sotheby’s gear up for their New York spring sales, hopes are high that a host of major works the likes of which have not hit the block for several seasons will reap strong, even record, prices. After years of gangbuster results marked by soaring prices, both auction houses staged relatively modest sales last year, owing largely, they say, to hesitancy on the part of consignors in an unsettled global market. No works carried estimates much beyond $ 40 million, in ...

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E-reader Sales Slack as Paper Books Reclaim Market Share

If you have an e-reader collecting dust on a bookshelf somewhere, forgotten in the same place you’ve had it tucked for the last umpteen months, you’re not alone. Recent data from the Publisher’s Association indicate a major market trend back toward treeware, as ebook and e-reader sales continue to slump from their 2011 peak. It’s not clear whether the enduring popularity of tablets might be responsible for some of this change; if tablets have usurped some e-reader market share, that could explain things. According to Euromonitor International, a consumer research ...

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Windows Phone Is Dead and Surface Sales are Slipping

Microsoft announced its quarterly results last night, and the figures were generally good, with revenue of $ 23.6 billion (up 6%), increased operating income, and higher earnings per share. The one ugly spot was More Personal Computing — the business segment that includes Windows 10, Bing, Surface devices, Windows Phone, and the Xbox business. Here’s how Microsoft’s CFO, Amy Hood, described the situation: [R]evenue was $ 8.8 billion, declining 7 percent, as Phone and Surface results offset healthy growth in Windows, search, and gaming. Our OEM business grew 5% this ...

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Nintendo Switch Sales Boom, Could Surpass Wii U in Just Over a Year

When Nintendo announced the Switch, many weren’t quite sure what to make of it, or how much of an opportunity it represented. The platform’s hybrid living room / portable mode was something new and the launch lineup was frankly anemic. Fortunately for Nintendo, all of these issues have proven minor hiccups rather than show-stopping problems. The Switch ($ 299.99 at Amazon) is reported to have sold 2.74 million units in March, with Nintendo claiming it now expects to ship up to 10 million Switches this year. The Wii U, for ...

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Nintendo Switch Sales Boom, Could Surpass Wii U in Just Over a Year

When Nintendo announced the Switch, many weren’t quite sure what to make of it, or how much of an opportunity it represented. The platform’s hybrid living room / portable mode was something new and the launch lineup was frankly anemic. Fortunately for Nintendo, all of these issues have proven minor hiccups rather than show-stopping problems. The Switch ($ 299.99 at Amazon) is reported to have sold 2.74 million units in March, with Nintendo claiming it now expects to ship up to 10 million Switches this year. The Wii U, for ...

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Biggest fall in UK retail sales in seven years

UK retail sales posted their biggest quarterly fall in seven years in March, as the prices of everyday goods continued to climb. By volume, sales were down 1.4% on the preceding quarter, and down 1.8% compared with February 2017, according to the Office for National Statistics. In the quarter, they fell across all types of shop except those selling textiles, clothing and footwear. But the total amount spent was still higher than a year ago. ‘Clouds gathering’ Kate Davies, senior statistician at the ONS, said: “This is the first time ...

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Nintendo Switch sales are off to a roaring start

We played the Nintendo Switch Nintendo fans can’t get enough of the Switch. Literally. The company’s latest console just became the fastest selling video game system in the U.S. in the company’s history. Demand is so high that Nintendo(NTDOF) says it can’t ship enough devices to meet it. The console sold more than 906,000 units in the U.S. last month, the Japanese company said, citing data from industry tracker NPD Group. Nintendo needed a hit after its previous console, the Wii U, flopped. But it’s still too early to tell ...

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Neverending success? Olive Garden sales boom

Why Barilla says pasta is healthy The owner of the Olive Garden is making a cheesy acquisition. And investors love it. Darden Restaurants announced late Monday that it was buying Cheddar’s Scratch Kitchen, a casual dining chain with 165 restaurants in 28 states, for $ 780 million cash. The company also announced earnings and sales that topped forecasts. Shares of Darden(DRI) rose 7% in early trading on the news and hit an all-time high. The Cheddar’s deal gives Darden another brand that is regionally popular but does not have a ...

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