Casual gaming. And the automobiles of the year for 2013. We will tell you this week rides to have top our list. All that and more over the next hour. First, headlines with carol massar. Nike is out with its earnings after the closing bell. The Sporting Goods giant posted more than analysts estimate. Posting fourthquarter profits that beat analyst estimates as well. The cruise operator benefiting from higher ticket revenue and more onboard spending by passengers. That stock is getting 2 for the day. U. S. Treasury secretary jack lew is Warning Congress that the u. S. Is urging lawmakers to raise the federal debt limit weeks before then. Attention target shoppers, your credit or debit card information may have been stolen by cyber thieves. According to target, data from 40 million cards may have been compromised. Shopping between november 27 and december 15. Target is working with Law Enforcement officials to find those responsible. Joining me to tell me more about this from washington i
Online-centric brands are also revising their strategy to focus more on the offline segment with this festive season crucial to a demand rebound after a tepid first half. Typically, the festive season now accounts for around a fifth of annual sales. Xiaomi, for instance, said it is now focused on expanding its store network beyond the current 18,000 retail stores across the country.
Handset Companies: The sector is also seeing direct and indirect attrition. While some companies are laying off administrative and marketing staff, several others are yet to fill vacancies left by outgoing employees in handset retail over the January-May period, staffing executives added.
Some smartphone brands had put a section of underperforming employees under performance-improvement plans, many of whom eventually left the companies, industry experts said. Apart from the slowdown in demand and sales, the smartphone segment is dominated by Chinese firms that have been under the scanner of late and engaged in legal battles with Indian authorities. As a result, some of them have scaled back on their above-the-line marketing (comprising big TV campaigns) expenses.
Some smartphone brands had put a section of underperforming employees under performance-improvement plans, many of whom eventually left the companies, industry experts said. Apart from the slowdown in demand and sales, the smartphone segment is dominated by Chinese firms that have been under the scanner of late and engaged in legal battles with Indian authorities. As a result, some of them have scaled back on their above-the-line marketing (comprising big TV campaigns) expenses.