Scratch-Offs carry New Jersey Lottery through sharp sales decline
TRENTON, NJ – New Jersey Lottery sales totaled $3.3 billion for the fiscal year ending Sunday, a decline of $288 million or 7.9 percent from the previous year, but still resulted in…
US pending home sales increase at fastest pace since January
By Safiyah Riddle (Reuters) – Contracts to buy previously owned homes increased in July at the fastest pace since January, adding further evidence that the housing market may be rebounding. The National…
European car sales rise 15% in July, EVs up nearly 61%
LONDON (Reuters) – European new car registrations jumped 15.2% in July, the 12th consecutive month of growth as the auto industry recovers from pandemic-related supply chain issues, data from the European Automobile…
UK home sales on course to fall to lowest since 2012: Zoopla
By David Milliken LONDON (Reuters) – The number of house purchases in Britain this year is on course to drop by 21% to its lowest since 2012 as a result of rising…
Inceptio sees big jump in China sales of driver-assist truck tech, plans overseas foray
SHANGHAI (Reuters) – Chinese startup Inceptio expects the number of trucks in China using its driver-assist technology will quadruple by mid-2024 from around 600 currently, and also plans to begin sales overseas…
Arla cuts sales forecast as consumers opt for cheaper butter, cheese
By Johannes Birkebaek COPENHAGEN (Reuters) – Danish dairy firm Arla lowered its full-year sales forecast on Tuesday, saying inflation and the rising cost of living in Europe were prompting consumers to buy…
US auto sales hint slowdown as economic woes weigh – S&P Global Mobility
(Reuters) -U.S.-light vehicle sales are expected to remain steadfast in August but are showing early signs of a slowdown, S&P Global Mobility said on Monday. “Rising interest rates, credit tightening and new…
Australia retail sales rebound after fall, annual rate slows further
SYDNEY (Reuters) – Australian retail sales rebounded in July after a sharp fall the previous month, but the annual rate slowed further, a result that should not upset the outlook for interest…
US auto sales to rise in August on increased vehicle supply, strong demand
(Reuters) – New vehicle sales in the United States are expected to rise in August, helped by improved supply and strong demand for personal transport, a report from industry consultants showed on…
UK retail sales slide by most in over two years: CBI
LONDON (Reuters) – British retail sales fell in August at the fastest rate since March 2021 and most stores are expecting another tough month ahead, an industry survey showed on Thursday. The…
Bath & Body Works sees steeper sales drop on slowing demand
(Reuters) – Bath & Body Works on Wednesday warned of a steeper decline in annual sales as Americans deferred purchasing its pricier home fragrances and personal care products amid still-high inflation pinching…
Toll Brothers beats profit estimates on higher home sales
(Reuters) – Homebuilder Toll Brothers Inc beat Wall Street estimates for third-quarter profit on Tuesday, as demand for luxury homes in a tighter resale market boosted new home sales. Shares of the…
China’s land sales revenue down for 19th straight month in July
BEIJING (Reuters) – China’s government land sales revenue declined for the 19th consecutive month in July, data from the finance ministry showed on Monday, adding to pressure on some debt-laden municipalities. Land…
Strong international sales boosted Walmart’s quarterly results
By Siddharth Cavale and Aishwarya Venugopal NEW YORK (Reuters) – Resilient U.S. consumer spending drove Walmart’s better-than-expected second-quarter results and forecast hike but its international business on Thursday posted its best quarterly…
Target’s Sales Crumble For The First Time In Years Amid Backlash Over LGBT Kid Merchandise
Target’s Sales Crumble For The First Time In Years Amid Backlash Over LGBT Kid Merchandise Will Kessler on August 16, 2023 Target reported Wednesday that it was lowering its sales and profit…
Vietnam’s VinFast faces stern EV sales test to retain eye-popping valuation
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) – Vietnam’s EV champion VinFast has managed to sell Wall Street on a Nasdaq listing that values the loss-making startup at more than $85…
California Man Pleads Guilty to Online Firearms and Drug Sales In N.J.
NEWARK, N.J. – Angelo Chavez, a 23-year-old resident of Manteca, California, admitted to conspiring to unlawfully sell firearms and methamphetamine over the internet. The announcement was done by U.S. Attorney Philip R.…
Futures slip as yields steady ahead of July retail sales data
(Reuters) – U.S. stock index futures slipped on Tuesday as government bond yields held on to recent highs ahead of retail sales data for July which is expected to show resilient consumer…
Kellogg forecasts annual sales of up to $13.6 billion for snacks business ahead of split
(Reuters) – Packaged food maker Kellogg said on Wednesday its snacking business Kellanova is expected to report full-year sales between $13.4 billion and $13.6 billion after Kellogg separates into two units at…
Travelers should build extra time into cross border trips during Texas sales tax holiday
EL PASO, Texas – U.S. Customs and Border Protection is reminding travelers that the annual Texas back to school tax-free holiday is scheduled for Aug. 11-13. Typically, sales tax holiday weekend will…
The Burger King Comeback, Company Sees Increase in Sales
TOMS RIVER, NJ – It used to be a competition between McDonald’s and Burger King, but one drive through any town in New Jersey will witness the increase in the local burger…
China’s car sales fall for 2nd month in July as price war continues
By Qiaoyi Li and Miyoung Kim BEIJING (Reuters) -China’s passenger vehicle sales fell for a second month in July, as discounts and government support measures failed to persuade consumers wary of buying…
Video-gaming revenue to grow 2.6% in 2023 on console sales strength – report
By Akshita Toshniwal (Reuters) – Global video-games market would return to growth in 2023 on the back of strong sales of consoles such as Sony’s Playstation 5, according to gaming market research…
Travelers should build extra time into cross border trips during Texas sales tax holiday, school year resumption
LAREDO, Texas – U.S. Customs and Border Protection is reminding travelers to build more time into their travel plans as the annual Texas back to school tax-free holiday is scheduled for Aug.…
Foxconn’s July sales drop 1.23% y/y, Q3 outlook better
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and a major supplier for Apple, said on Saturday revenue in July fell 1.23% year-on-year but forecast a business rebound for…
Ferragamo’s sales, operating profit decline in first half
MILAN (Reuters) – Sales at Italian luxury goods group Salvatore Ferragamo declined by 7.2% at constant currencies in the first half, hit by double-digit drops in both North America and Asia Pacific,…
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