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After a steady 15-year decline, sales of suits and ties are rebounding.
Excluding the dollar's decline, sales would have risen by 8percentt, Mr. Svanberg said.
The move is an attempt to tackle the fact that Lotto is in decline – sales have more than halved from its peak of £4.7bn a year.
C1 Music Album Sales Decline Sales of music albums in the United States fell 7percentt last year, to 618.9 million units, according to Nielsen Soundscan data.
And while some thought the Pre would reverse the struggling handset maker's decline, sales of the smartphone quickly dropped over a few months, and Palm was acquired by Hewlett-Packard in 2010.
Despite the monthly decline, sales in August were still 3.4percentt higher than a year earlier, when the collapse of the housing market was rapidly dragging down the economy.
Similar(46)
BlackBerry has struggled with declining sales, and that trend continued.
But its stock fell sharply amid concerns over declining sales.
Sun had suffered from years of declining sales and layoffs.
Recording-company executives bewailed declining sales and rising piracy.
Q: How did you deal with your declining sales?
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