Bed Bath & Beyond to close many stores as sales decline

James G. Cole

Bed Bath & Beyond’s store on Running Hill Road in South Portland. It wasn’t clear Friday whether Maine’s four outlets would be among the 150 stores the company is closing nationally. Carl D. Walsh/Staff Photographer At the Bed Bath & Beyond store in South Portland on Friday, there was little […]

Danfoss Raises Outlook After +50% Sales Growth

James G. Cole

Sales grew 50% including the 2021 acquisition of Eaton’s hydraulics business, reaching EUR 4.9 billion. Organic growth was 13%. Operating profits (EBITA) increased by 27%. Growth momentum continued despite high inflation, ongoing supply chain disruptions, exit from Russia, and COVID-19 lockdowns in China. Semikron Danfoss transaction closed in August, building […]

Porsche sets high target for electric Macan sales

James G. Cole

STUTTGART — Porsche expects to build as many units of its full-electric Macan compact SUV as the combustion engine version. “We produce more than 80,000 units per year of the current generation. In the long term, we also plan to produce the all-electric Macan on this scale,” production boss Albrecht […]