Hyundai’s 2013 Sales Goal, Viacom & Cablevision Reach New Deal: Consumer Business Recap
Hyundai Motor Group (HYMLF.PK) announced on Wednesday its goal for 2013 of selling a total 7.41 million vehicles worldwide, which would mark a 4.1 percent increase from 2012’s sales of 7.12 million. Hyundai Chairman Chung Mong-Koo told employees in a new year statement that, “We expect market conditions at home and abroad will be very difficult in 2013 due to the European debt crisis and a slowing global economy. That’s why we need to put a more focus on qualitative growth this year.”
Amazon.com (NASDAQ:AMZN) said Wednesday that 2012 was a record-breaking holiday season for firms selling on Amazon. More than 2 million third-party sellers on Amazon saw record holiday growth and unit growth solely from domestic sellers jumped in excess of 40 percent year-over-year. Peter Faricy, Vice President for Amazon Marketplace, said in a release that, “We value the breadth and depth of selection that businesses selling on Amazon offer our more than 188 million active customers worldwide.”
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Viacom (NYSE:VIAB) and Cablevision Systems Corporation (NYSE:CVC) have made a new carriage arrangement following two months of difficult talks which has averted a New Year’s Day channel blackout. Late Monday night, the companies released a statement reporting that they reached a long-term agreement that ensures no disruption of Viacom programming for Cablevision customers. The terms were not divulged.
Tiffany & Co. (NYSE:TIF) will continue to sell jewelry by Elsa Peretti which comprises roughly 10 percent of its sales. Profits for the luxury jeweler have come up short of estimates by analysts for four consecutive quarters. Through the terms, Peretti will receive a one-time payment of $47 million along with royalties as part of the 20-year licensing contract, according to a Wednesday filing. The company has been Peretti’s sole licensee since 1974.