CHECKOUT COUNTER: Harley-Davidson not for the young 'uns
A weekly round up of the hottest international retail and consumer news. 1. Not for the young ’uns Harley-Davidson has been downgraded from "outperform" to "market perform" by AllianceBernstein. The investment management and research firm said in a note that the millennial generation has been a key contributor to the brand’s demise. Motorcycle sales at Harley-Davidson were down 1.6% in 2016. 2. Prime sales for Amazon on Prime Day Amazon said this year’s "Prime Day" — its third annual shopping event for Amazon Prime members — was the biggest sales day in company history. Sales on Prime Day, which kicked off last Monday and offered 30 hours of deals, rose more than 60% compared with last year. The tech group said numbers for previous Black Friday and Cyber Monday shopping periods were beaten by Prime Day. 3. Watchmaking exec calls time on Richemont Swiss luxury goods maker Richemont’s head of watchmaking has left the company less than four months after his appointment. The Geneva-ba...
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