New Jersey Enacts Landmark Affordable Housing Laws to Transform State’s Housing Inventory
TRENTON, NJ – Governor Phil Murphy has signed a comprehensive set of bills aimed at revolutionizing affordable housing in New Jersey. This legislative package promises a more equitable, efficient, and cost-effective approach…
Clorox bets on strong inventory to help overcome cyber attack hit
By Juveria Tabassum (Reuters) -Clorox said on Wednesday it expects to rebuild customer inventory levels by the end of the current quarter, as it recovers from an August cyberattack that threw its…
Nike shares jump on leaner inventory, better margins outlook
By Savyata Mishra (Reuters) -Nike shares climbed as much as 11% on Friday as the company further trimmed its inventory ahead of the all-important holiday shopping season and forecast improved second-quarter gross…
Focus: Walmart bets on inventory software ahead of tough holiday shopping season
By Nandan Mandayam and Siddharth Cavale BENGALURU/NEW YORK (Reuters) – With 10 weeks to go before the kickoff of the critical holiday shopping season, retail executives are preoccupied with how much and…
Big US retailers’ ‘just-in-time inventory’ habit makes a comeback
By Lisa Baertlein LOS ANGELES (Reuters) – During the worst shipping delays of the early pandemic, consumer and transportation analysts predicted U.S. retailers would buy more goods than they needed to prevent…
Dick’s Sporting shares slide as costs, inventory shrink slam annual profit outlook
(Reuters) – Dick’s Sporting Goods shares slumped as much as 24.5% on Tuesday as the footwear retailer slashed its full-year profit target after missing expectations for the second quarter. The company said…
Analysis-Oil inventory drops set stage for higher prices
By Ahmad Ghaddar, Arathy Somasekhar and Trixie Yap LONDON/HOUSTON/SINGAPORE (Reuters) – Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader…
US machinery makers eye bumper earnings for now, but inventory glut looms
By Bianca Flowers CHICAGO (Reuters) – U.S. equipment makers are likely to face excess inventory early next year as demand from farmers and construction companies cools, though second-quarter profit is expected to…
Nike’s 2024 pressured by weak North American demand, inventory glut
By Ananya Mariam Rajesh (Reuters) – Nike is expected to forecast full-year profit below Wall Street estimates, as demand for the sportswear giant’s products from wholesalers such as Foot Locker and Hibbett…
Tesla doubles discounts on Model 3 cars in US inventory
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc has doubled discounts on some already made new Model 3 electric cars and offered discounts on the Model Y and others in its…
Auto parts retailer AutoZone misses Q3 sales estimates on inventory pile-up
(Reuters) – Auto parts retailer AutoZone Inc missed expectations for third-quarter net sales on Tuesday, as increased prices of automobile parts led to a rise in inventories, sending its shares 3.2% lower…
lock up the Shoplifters, not the Inventory, New Jersey legislator says
TOMS RIVER, NJ – New Jersey Senator Jim Holzapfel is urging the state’s Legislature to pass a bill he has proposed, which aims to impose stringent penalties on those involved in gang…
South32 sees shipping delays tying up cash in inventory
MELBOURNE (Reuters) – Australian diversified miner South32 Ltd on Monday reported production of key commodities that largely met expectations but noted that shipping snarls had led to an inventory buildup, impacting working…
Tesla offers discount in Singapore on EVs in inventory
SINGAPORE (Reuters) – Tesla has begun offering discounts to electric vehicle buyers in Singapore who agree to purchase existing inventory of the Model 3 or Model Y, a company sales representative said…
Ford reports smaller drop in 2022 U.S. sales as inventory levels improve
(Reuters) – Ford Motor Co on Thursday posted a smaller decline in annual U.S. sales compared to a year earlier, as an improvement in inventory levels allowed the U.S. automaker to ship…
General Mills pet business posts muted sales as retailers cut back on inventory
By Granth Vanaik (Reuters) – General Mills Inc said on Tuesday quarterly sales at its high-margin pet business took a hit due to some key retailers cutting back on inventory, sending its…
Online Restaurant Supplies Increases Inventory and Reliability with New Partner – Parts Town
Commercial kitchen and restaurant equipment supplier teams up with largest OEM inventory Dallas, TX (-) Online Restaurant Supplies (ORS), a subsidiary of Stanford Sonoma, will now offer access to genuine Original Equipment…
U.S. retailers fill store shelves with leftover holiday inventory
By Arriana McLymore and Doyinsola Oladipo NEW YORK, NY (Reuters) – The Ghost of Christmas Past haunts U.S. store shelves, sales floors and stockrooms this year. Retailers were sitting on $548.8 billion…
China auto market faces slowdown as inventory builds – CMBI
SHANGHAI (Reuters) – Automakers in China delivered a record number of cars to dealers in the first nine months of the year even as retail demand slowed, setting up the market for…
U.S. industrials stare at profit squeeze from excess inventory, weak demand
By Aishwarya Nair (Reuters) – U.S. manufacturers are likely to see a hit to their quarterly profit in the second half of the year as higher prices for everything from light bulbs…
Welcome Homes Creates More Home Inventory for the Maryland and Philadelphia Markets by Making It Easier to Build a New Home Online
After a successful launch in the Tri-State area, Welcome Homes expands further down the East Coast to offer buyers a better option when searching for a new home. NEW YORK, July 14,…
Dover Target Fire Intentionally Set, $3 Million In Inventory Lost, Store Temporarily Closed
DOVER, DE – A fire at a the Target store on John Hunn Brown Road early Monday morning is being investigated as an arson and Target officials have announced the store will…
The Street Guns of Baltimore: Police Try to Disrupt Endless Inventory of Illegal Guns in the City
BALTIMORE, MD – Baltimore doesn’t just have a violent crime problem, it also has an illegal gun problem. Illegal guns are everywhere in the city and they’re being used to commit murders…
Lakewood Supermarket Inventory a Near Complete Loss Due Power Outage Over Religious Holiday Weekend
LAKEWOOD, NJ – A kosher supermarket in Lakewood was forced to destroy hundreds of thousands of dollars in inventory after a power failure on Friday cut power to the store and spoiled…
Mercedes-Benz says inventory to remain high in Q2 amid chip shortage
BERLIN – Mercedes-Benz said it expects inventories to remain high in the second quarter as supply chain bottlenecks hinder production and deliveries, with semiconductor supply still very volatile. “There is quite a…
Walmart Sales Surge, Inventory Remains Stocked Heading Into Holiday Season
Walmart reported higher sales in the third quarter of 2021 after the company raised prices and consumers continued to shop entering the holiday season. Comparable sales, a measure which includes U.S. stores…
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