Tag: consumption statistics
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Netflix drops basic streaming plan in push for more users of ad-supported plan
[ad_1] Netflix Inc. has dropped its cheapest streaming plan without ads in the U.S. and U.K. in an apparent move to push consumers to sign up for its advertising-supported service. The company’s NFLX, -0.38% Basic plan, which costs $9.99 a month in the U.S. and £6.99 a month in the U.K., is no longer available…
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Nordstrom says off-price Rack stores are helping attract new customers, as high-income shoppers stay ‘resilient’
[ad_1] Shares of Nordstrom Inc. ran higher after hours on Wednesday after the upscale department-store chain reported better-than-expected first-quarter results and held to its full-year outlook, helped by what executives characterized as a “resilient” but “cautious” high-income consumer. The results came despite what management said was an “uncertain” economic backdrop that has dampened demand for…
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Under Armour’s new CEO says women will be a key target customer
[ad_1] Under Armour Inc.’s new chief executive is planning to make women a key target customer for the athletic apparel and footwear maker. “At less than a quarter of our revenue, we are still not cutting through enough to realize the growth available in the marketplace,” Stephanie Linnartz told analysts on the company’s earnings call…
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AT&T earnings to show if the wireless subscriber party has kept roaring
[ad_1] The wireless industry has seen robust net additions over recent years, and Wall Street wants to know how long companies can keep up the strong growth. AT&T Inc.’s T, +0.15% Thursday morning earnings report could provide a hint of what to expect this year. Wall Street forecasts for the company’s first-quarter postpaid net additions…
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Ericsson posts forecast-beating profit, but warns of choppy 2023
[ad_1] STOCKHOLM–Ericsson AB on Tuesday posted a smaller-than-expected drop in first-quarter net profit but cautioned that the operating environment will remain choppy in 2023 with poor visibility as operators remain cautious with spending plans and continue to adjust inventories. The Swedish telecommunications-equipment company ERIC.A, +0.58% ERIC.B, +0.24% ERIC, -0.67% said that customers in early 5G…