Latest news with #onlineSales
Bloomberg
5 days ago
- Business
- Bloomberg
Walmart Boosts Drone Deliveries in Effort to Speed Up Orders
Walmart Inc. is adding drone delivery in five new cities in a bid to expand online sales and get goods to shoppers faster. The world's largest retailer will start offering drone service at 100 stores across Charlotte, North Carolina; Tampa, Florida; Atlanta; Houston and Orlando, building on existing operations in northwest Arkansas and Dallas-Fort Worth. Walmart said it's the first retailer to scale drone delivery in five states.
Malay Mail
6 days ago
- Business
- Malay Mail
Fahmi says MCMC to monitor online vape sales on Facebook, WhatsApp amid rising health concerns
PUTRAJAYA, June 5 — The Communications Ministry, through the Malaysian Communications and Multimedia Commission (MCMC), will monitor online sales of vape and e-cigarette products following increased bans on vape use in several states and concerns over the presence of synthetic substances in these products. Communications Minister Datuk Fahmi Fadzil said the issue was raised during today's Cabinet meeting and is being reviewed by the Health Ministry (MoH). 'At the same time, I will direct MCMC to examine the online sale of such products. We have found that these sales are largely conducted on platforms like Facebook and WhatsApp. 'Any enforcement action will certainly involve the Domestic Trade and Cost of Living Ministry (KPDN),' he told a weekly press conference here today. Fahmi said while vape-related issues fall under the Health Ministry's jurisdiction, the Communications Ministry will monitor the use of social media as a sales platform, particularly for e-cigarette products. 'Insya-Allah, MCMC will prepare a report on this matter, and the Communications Ministry will present it to the Cabinet for further discussion,' he said. He also reaffirmed the Communications Ministry's commitment to working closely with MoH and KPDN to ensure a safer internet environment, particularly for children and families, by addressing issues such as vape and e-cigarette advertisements. — Bernama
Free Malaysia Today
6 days ago
- Business
- Free Malaysia Today
MCMC keeping an eye on sale of vape products online, says Fahmi
Communications minister Fahmi Fadzil said MCMC is expected to prepare a report on online vape sales, which his ministry will then bring to the Cabinet for further discussion. PUTRAJAYA : The Malaysian Communications and Multimedia Commission (MCMC) will monitor the sale of vape products online, particularly on social media platforms such as Facebook and WhatsApp, says Fahmi Fadzil. The communications minister said the issue of vape sales and usage, which have been increasingly restricted by several states, was raised at today's Cabinet meeting. 'The health minister will study the matter. I will also instruct MCMC to look into the sale of these products online. 'We have found many such products being sold on Facebook and WhatsApp,' Fahmi, who is the government spokesman, told a press conference after the weekly Cabinet meeting. While a complete ban on vape sales nationwide has been suggested, Fahmi said that would fall under the jurisdiction of the health ministry. 'This has to be referred to the health ministry. But the communications ministry is monitoring the sale of e-cigarettes using social media through MCMC,' he said. Fahmi said MCMC is expected to prepare a report on the matter, which the communications ministry will then bring to the Cabinet for further discussion.
Yahoo
31-05-2025
- Business
- Yahoo
Delta Galil withdraws FY25 guidance despite record Q1 sales
Delta Galil sales reached $498.67m in Q1 ended 31 March 2025, up from $450.78m in the corresponding quarter of the previous year. However, due to the ongoing unpredictability of tariffs the company decided to retract its previously issued financial guidance. It said the forecast presented in its Annual Report for 2024 did not consider the newly implemented US import tariffs. Working in conjunction with vendors and customers to distribute the cost implications Using its extensive international network of production facilities and partnerships Shifting manufacturing operations away from China Intensifying efforts to expand market share through an increased presence in Egypt, leveraging the country's lower tariff rates. The company also forecasts a potential increase in retail prices during the second half of 2025 as tariff-related expenses are passed along throughout the supply chain. Moreover, it is expediting its cost-reduction initiatives with an aim to realise savings between $5m and $7m. Delta Galil has also indicated that approximately 30% of its current revenue is subject to the effects of US tariffs. It anticipates the impact of these tariffs will not surpass $20m in 2025. The first quarter saw a 21% rise in online sales for Delta Galil's proprietary brands. Delta Galil CEO Isaac Dabah said: 'Delta delivered record first quarter sales, reflecting strong momentum across all segments and retail channels. Our top-line performance underscores our efforts to fuel the growth of our brands and partners through exceptional design and a relentless focus on innovation, quality and sustainability.' In the first quarter, Delta Galil's gross profit was $202.59m, a 6% increase from $190.49m in the first quarter of 2024. However, gross margin declined to 40.6% from 42.3% in the same period last year, with higher freight costs, foreign currency exchange rates impacting by 90 basis points, and reduced export subsidies in Egyptian operations contributing to this decrease. Delta Galil's earnings before and taxes (EBIT) for the first quarter stood at $32.68m, marking a 26% increase from $25.99m in the previous year's first quarter. The EBIT before non-core items also rose by 11% to $32.68m from $29.35m year-over-year. This increase was mainly due to higher sales volumes and controlled operating expenses. Net income for Delta Galil also surged by 46% to $17.60m compared to $12.05m in the same period last year. Excluding non-core items after tax adjustments, net income for the first quarter increased by 22% to $17.60m from $14.49m in the first quarter of 2024. Diluted earnings per share (EPS) experienced a significant boost of 56%, reaching $0.62 compared to $0.39 in the prior year's first quarter. EPS excluding non-core items after tax went up by 26% to $0.62 in comparison to $0.49 in the first quarter of 2024. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Delta Galil, excluding IFRS 16 impacts, rose by 7% to $40.5m in comparison to $37.7m in the first quarter of the previous year. In February, Delta Galil said it expected a sales increase between 4% to 6% and net income to grow by 4%-9%, potentially hitting between $112m and $118m. Diluted EPS was forecasted to land between $3.92 and $4.15. "Delta Galil withdraws FY25 guidance despite record Q1 sales" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
29-05-2025
- Business
- New York Times
Victoria's Secret Website Goes Dark After Security Breach
Victoria's Secret's website remained offline on Thursday, days after the lingerie company was hit by a cyberattack that has disrupted its online sales and sent its stock price lower. The company said that it had taken its website and some in-store services down as a precaution, with teams working around the clock to restore operations. Its physical stores remained open. As of Thursday morning, Victoria's Secret's share price had fallen 8 percent since Tuesday. The company did not confirm when the security incident took place, but shoppers reported seeing effects of the outage on social media earlier this week. It was unclear who perpetrated the attack on Victoria's Secret, which is based in Reynoldsburg, Ohio. The cyberattack was the latest example of a high-profile digital breach at a major retailer, raising questions about companies' preparedness and the security of customer data. Earlier this month, Marks & Spencer, the large British retailer, was hit by a cyberattack that left the company unable to process online orders for weeks. The company told customers that some personal customer data had been taken, though not usable card or payment details or account passwords. It said there was no evidence that the data had been shared, but said it was prompting customers to change their passwords regardless. Also in late April, Harrods, the luxury department store based in Britain, experienced brief disruptions, restricting internet access at its sites as a security measure. Ransomware attacks, which can disrupt services in addition to stealing customer data, have increased in recent years. Organizations across sectors have been targeted, including hospitals. Cody Barrow, the chief executive of Eclectic IQ, a cybersecurity services company, said the attack on Victoria's Secret could underscore the vulnerability of retailers, many of whom rely on third party systems, such as payment providers. 'To me what it says is that retailers are still not segmenting systems well enough to contain incidents,' Mr. Barrow said. 'Third parties are the biggest blind spot right now, especially for retailers.'
