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…
Loblaw reports higher quarterly sales on strong demand for groceries, drugs
(Reuters) -Canadian retailer Loblaw Companies Ltd on Wednesday reported first-quarter sales rose 6%, helped by strong demand for essential goods including groceries and drugs. Retailers industry-wide have lately been relying on sales…
Australia March retail sales post slowest annual growth in 14 months
SYDNEY (Reuters) – Australian retail sales grew at their slowest annual pace in 14 months in March in a warning sign for consumption that will only get worse following a surprise hike…
AerCap says aircraft delivery delays boosting leases, sales
DUBLIN (Reuters) – AerCap expects to deliver full-year earnings at the higher end of its guidance as a broadening travel recovery and shortage of new aircraft boosts demand for plane leases and…
Analysis-Japan’s automakers have a made-in-China sales crisis
By Daniel Leussink TOKYO (Reuters) – Japan’s automakers are facing a sales crisis in China, data shows, as a rapid shift to electric vehicles (EVs) has upended the world’s largest auto market…
Coffee at home: Australia Woolworths’ sales jump as shoppers cut costs
By Byron Kaye and Archishma Iyer (Reuters) – Top Australian grocer Woolworths Group Ltd posted a bigger than expected rise in third-quarter sales as shoppers bought more of its cheaper house-brand products…
Colgate-Palmolive raises annual organic sales forecast on price hikes
(Reuters) – Colgate-Palmolive Co raised its full-year organic sales forecast on Friday, betting on consistent price hikes and steady demand for its pet nutrition products. The company’s shares rose about 2% in…
Embraer sees positive outlook for Ipanema aircraft after higher Q1 sales
SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Friday it has sold 33 Ipanema 203 aircraft in the first quarter of 2023, a 38% increase from the same period of…
Starbucks operator Alsea posts profit bump on sales boost
MEXICO CITY (Reuters) -Mexican restaurant chain operator Alsea posted a 12% bump in net profit for the first three months of this year, the company said in a statement on Thursday, its…
US pending home sales slump unexpectedly in March
(Reuters) – Contracts to buy U.S. previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a caution flag about what had appeared to be a nascent recovery in…
Cornetto maker Unilever’s ice cream sales melt amid private label shift
By Richa Naidu LONDON (Reuters) – Unilever’s store ice cream brands, which include Ben & Jerry’s and Magnum, are losing market share to supermarket own-brands as consumers seek cheaper alternatives after big…
UK shop sales rise modestly in April, outlook doubtful: CBI
LONDON (Reuters) – British retail sales inched higher in April, although most shop chains do not foresee a lasting improvement, an industry survey showed on Wednesday. The Confederation of British Industry’s monthly…
Retailer Carrefour confident as Q1 sales growth accelerates
By Dominique Vidalon PARIS (Reuters) -Carrefour, Europe’s largest food retailer, said on Tuesday it was confident of more profit and cash flow growth this year despite high inflation, after sales growth accelerated…
First Republic Bank exploring up to $100 billion in asset sales – Bloomberg News
(Reuters) – Troubled lender First Republic Bank is exploring an asset sale of up to $100 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. A sales would help…
US new home sales soar to one-year high in March
WASHINGTON (Reuters) – Sales of new U.S. single-family homes jumped to a one-year high in March, likely as a retreat in mortgage rates boosted demand. New home sales surged 9.6% to a…
KitKat sweetens Nestle sales with Easter, Valentine’s Day comeback
By Richa Naidu LONDON (Reuters) – In a quarter that saw Nestle’s overall sales volumes dip, the KitKat maker’s candy business was a sweet spot as consumers celebrated Valentine’s Day and an…
Bed Bath & Beyond considers asset sales, Sixth Street bankruptcy loan – Bloomberg News
(Reuters) – Bed Bath & Beyond Inc is considering sales of assets and intellectual property as part of a potential bankruptcy filing that could come as soon as this weekend, Bloomberg News…
Chipmaking tool firms expect boom in China sales despite export rules
By Stephen Nellis (Reuters) – Two companies that make tools for manufacturing chips said that they expect sales to China to boom later this year despite U.S. export restrictions on equipment used…
Mercedes-Benz reports Q1 adjusted return on sales of 14.8%
BERLIN (Reuters) -Mercedes-Benz on Thursday posted first-quarter group adjusted return on sales of 14.8%, above market expectations, boosted by higher prices and strong demand. “Mercedes-Benz Cars delivered an adjusted return on sales…
US existing home sales resume downward trend in March
WASHINGTON (Reuters) – U.S. existing home sales fell in March as a reversal in mortgage rates likely pushed buyers back to the sidelines, but there are tentative signs that the housing market…
Usiminas posts Q1 profit beat but sees lower steel sales ahead
SAO PAULO (Reuters) – Usiminas expects its steel sales to slip in the second quarter from a year earlier, it said on Thursday, as it kicked off Brazil’s earnings season by beating…
Ad group Publicis sales jump as data-driven businesses strengthen
By Diana Mandia (Reuters) – French ad group Publicis’ revenues beat forecasts in the first quarter, driven by its digital and data-driven businesses amid rapid market changes and with the help of…
EU passenger car sales up 28.8% to over 1 million units in March, ACEA says
(Reuters) – Passenger car registrations in the European Union rose 28.8% in March to more than one million units, the European Automobile Manufacturers Association (ACEA) reported on Wednesday. Battery-electric cars made up…
Burger King looks to viral jingle to lift sales in choppy economy
By Hilary Russ NEW YORK (Reuters) – Burger King is banking on its viral “Whopper Whopper” jingle to lift sales as part of the flagging fast-food chain’s turnaround plan, as broader economic…
China’s March industrial output rises 3.9%; retail sales up 10.6%
BEIJING (Reuters) – China’s industrial output rose 3.9% in March year-on-year, official data showed on Tuesday, accelerating from a 2.4% increase in the first two months but missing expectations slightly amid a…
Retail sales in Brazil begins year with record high in January
SAO PAULO (Reuters) – Brazil’s retail sector started 2023 stronger than expected and with record high sales in January, although the outlook is that the tight credit scenario and weak economy amid…
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