Tag: soar

Coronavirus: Samsung profits soar on work from home demand

Image copyright Getty Images Samsung Electronics has seen its earnings soar as sales were boosted by millions working and learning from home during the virus pandemic. The world’s largest maker of smartphones said second quarter operating profits rose 23% compared to last year. The results were helped by strong demand for computer chips, which pushed up prices on the global… Read more →

Read more →

B&Q owner sees sales soar in lockdown DIY boom

Image copyright Getty Images Sales of paint, wallpaper, plants and compost have soared during lockdown, the owner of B&Q and Screwfix has said. Kingfisher said people had been doing more DIY than usual, as like-for-like sales jumped by 21.6% in the three months to 18 July. Store re-openings also boosted revenue, while online sales more than tripled. Kingfisher’s UK stores,… Read more →

Sainsbury’s sees online sales soar during lockdown

Image copyright Getty Images The rapid roll-out of more online shopping capacity has helped Sainsbury’s to report soaring sales over the lockdown period. Online sales have more than doubled compared with last year as consumers shopped and ate at home. Overall, grocery sales were up 10.5%, including in-store and online shopping, but fuel and clothing sales were lower. The second… Read more →