New Jersey Advances Bill to Limit Pet Shop Sales of Cats, Dogs, and Rabbits
TRENTON, NJ — A significant legislative move aims to transform the pet sale landscape in New Jersey by repealing the “Pet Purchase Protection Act” and …
Sales
Multiple Smoke Shops Rockland County Targeted for Underaged Sales
ROCKLAND COUNTY, NY – In a significant collaborative effort, the Rockland County District Attorney’s Office, Homeland Security Investigations’ New York Field Office, New York State …
New Jersey Celebrates Two Years Without Crime Gun Sales by Firearms Dealers
TRENTON, NJ — Governor Phil Murphy and Attorney General Matthew J. Platkin have commended a recent report from Brady, which highlights that for the second …
Columbia Man Faces Charges for Ghost Gun Manufacturing and Sales
Columbia, NJ – Joseph Palumbo Jr., a 33-year-old man from Columbia, NJ, has been arrested on charges of unlawfully manufacturing and selling firearms without serial …
Home Depot 2024 forecast in focus as investors pin hopes on sales recovery
By Deborah Mary Sophia (Reuters) – Home Depot’s annual forecast will be the prime focus for investors when the U.S. home improvement bellwether reports fourth-quarter …
Frigid temperatures chill US retail sales, factory production
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell by the most in 10 months in January, but economists cautioned against reading too much …
Chinese major cities ease home purchase limits to boost sales
BEIJING (Reuters) – Two of China’s major cities, Suzhou and Shanghai, followed Guangzhou in easing home-buying restrictions, in an effort to boost property sales as …
Food distributor Sysco misses Q2 sales estimates on slowing demand
(Reuters) – Sysco missed Wall Street expectations for its second-quarter sales on Tuesday, as demand for custom meat cuts and high-quality seafood petered out in …
PulteGroup misses revenue estimates as home sales slow
(Reuters) – PulteGroup missed Wall Street estimates for fourth-quarter revenue on Tuesday, as it sold fewer homes at lower prices to offset a hit to …
German car sales to lag global recovery, industry warns
BERLIN (Reuters) – German car sales are lagging the recovery in the global passenger car market, with 2024 sales expected to be 25% below pre-pandemic …
US Arms Sales Reach Record High
US Arms Sales Reach Record High Robert Schmad on January 29, 2024 The value of U.S. military equipment sold to foreign governments reached a record …
Nucor’s fourth-quarter sales, profit decline on lower pricing, volumes
(Reuters) – Steelmaker Nucor Corp posted a decline in its fourth-quarter profit on Monday, hurt by lower pricing of its products and sales volumes across …
Super Micro surges as sales projection fuels AI rally
(Reuters) – Super Micro Computer’s stock jumped almost 10% to a record high in extended trade on Monday, extending its recent AI-fueled rally after the …
Alphabet, Meta ad sales in Q4 unlikely to reflect gen AI investments
By Sheila Dang AUSTIN, Texas (Reuters) – Despite the buzz over generative artificial intelligence last year, the technology’s impact on the advertising business of Alphabet …
IKEA cuts prices to boost sales as raw material costs ease
LONDON (Reuters) – IKEA is investing in price cuts on some products across a range of countries, including Belgium, Canada and India, as the furniture …
US new vehicle sales to slip in January – report
(Reuters) – U.S. new vehicle sales are expected to fall 1.5% in January from a year earlier on seasonally slower sales and signs of cooling …
Colgate-Palmolive sees sales slowing in 2024 as muted volumes weigh
(Reuters) – Colgate-Palmolive on Friday forecast fiscal 2024 sales below estimates, as higher prices of its oral and personal care products continue to weigh on …
Weyerhaeuser adjusted profit chipped by tepid wood products sales
(Reuters) – U.S. timber company Weyerhaeuser posted a lower adjusted profit on Thursday, hit by weakness in its wood products business. The Seattle, Washington-based firm …
Ferragamo CEO warns turnaround may take longer after 2023 sales drop
MILAN (Reuters) – Sales at Italian luxury goods group Salvatore Ferragamo dropped by 8.1% at constant currencies last year, prompting Chief Executive Marco Gobbetti to …
US new home sales rebound in December as mortgage rate retreat
WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned …
Canada December factory sales most likely fell 0.6% -Statscan flash estimate
OTTAWA (Reuters) – Canadian factory sales most likely fell 0.6% in December from November, largely due to decreases in the transportation equipment and chemical product …
Hot sauce maker McCormick forecasts weak 2024 on falling sales volumes
(Reuters) – McCormick on Thursday forecast its annual sales and profit below Wall Street estimates, hit by lower sales volumes as consumers traded down to …
Blackstone’s fourth-quarter earnings rise 4% as asset sales pick up
By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc reported a 4% rise in its fourth-quarter distributable earnings on Thursday, as the world’s largest private …
STMicro sees Q1 sales well below estimates as auto chip demand softens
By Michal Aleksandrowicz (Reuters) -European chipmaker STMicroelectronics on Thursday forecast a more than 15% drop in first-quarter revenue, well below market expectations, due to softer …
Video-game market recovery to pick up steam in 2024 on strong console sales – report
(Reuters) – A recovery in the global video-game market is expected to pick up pace this year on the back of strong sales of Microsoft’s …
Inflation trumps retail sales for sterling speculators
By Alun John LONDON (Reuters) – Sterling traders are betting that sticky inflation will outweigh slowing retail sales when the Bank of England puts economic …
Foreign auto brands boost exports as China sales remain weak – data
SHANGHAI (Reuters) – Foreign carmakers that have been losing market share to local rivals in China have boosted exports from the world’s largest auto market, …
US existing home sales fall in December, supply shows signs of improvement
WASHINGTON (Reuters) – U.S. existing home sales fell in December to the lowest level in nearly 13-1/2 years, but a recovery could be in the …
Lamborghini topped 10,000 sales last year for first time, CEO says
MILAN (Reuters) – Italian luxury sports carmaker Lamborghini sold over 10,000 vehicles last year for the first time, its Chairman and Chief Executive Stephan Winkelmann …
Canadian home sales jump in December; 2023 sales fall 11.1%
TORONTO (Reuters) – Canadian home sales rose in December to end the year on an upbeat note after the market was buffeted by higher borrowing …
Daimler Truck sales rise 1% in 2023
(Reuters) -Daimler Truck group sales grew by 1% in 2023 to 526,053 units, the German truck maker said on Monday, citing ongoing supply shortages in …
BMW CFO: sales growth is mostly electric as combustion engine ‘tipping point’ passes
By Victoria Waldersee and Christina Amann BERLIN (Reuters) – BMW has passed the tipping point for combustion engine vehicle sales and now generates most sales …
PC makers bet on AI to rekindle sales
By Max A. Cherney LAS VEGAS (Reuters) – PC and microchip companies struggling to get consumers to replace pandemic-era laptops offered a new feature to …
M&S claims Christmas crown as food and clothing sales beat forecasts
By Paul Sandle LONDON (Reuters) -British retailer Marks & Spencer on Thursday reported a better-than-expected 8.1% rise in sales over the Christmas trading period, driven …
Russia’s finance ministry switches to FX sales as energy revenues drop
By Darya Korsunskaya and Alexander Marrow (Reuters) – Russia’s finance ministry said on Thursday it would switch to foreign currency sales from purchases in the …
China 2023 vehicle sales rise 12% – industry association
BEIJING (Reuters) – China’s 2023 vehicle sales rose 12% year-on-year to 30.1 million vehicles, the China Association of Automobile Manufacturers (CAAM) said on Thursday. Vehicle …
Global electric car sales rose 31% in 2023 – Rho Motion
By Nick Carey LONDON (Reuters) – Global sales of fully electric and plug-in hybrid vehicles (PHEVs) rose 31% in 2023, down from 60% growth in …
Volkswagen Group sales near pre-pandemic levels as bottlenecks ease
BERLIN (Reuters) – Volkswagen Group deliveries rose 12% to 9.24 million vehicles in 2023, it said on Tuesday, indicating a post-pandemic sales recovery as supply …
Abercrombie & Fitch lifts holiday sales forecast on robust demand
(Reuters) -Abercrombie & Fitch on Monday raised its forecast for fourth-quarter and annual net sales, after strong demand for its apparel brands during the key …
Constellation Brands misses quarterly sales estimates on tepid wine, spirits demand
(Reuters) – Corona beer maker Constellation Brands’ third-quarter sales fell short of market expectations on Friday, as demand for its higher-priced spirits and wines slowed …
Volvo Cars posts record annual sales but shares still dip
HELSINKI (Reuters) -Volvo Cars sold a record number of vehicles in 2023, it said on Friday, boosted by electric car demand and stabilising supply chains, …
Toronto home sales slump to 23-year low in 2023
By Fergal Smith TORONTO (Reuters) – Greater Toronto Area home sales fell last year to the lowest level in more than two decades despite an …
Australia struggles to ditch SUV habit even as electric vehicle sales hit record
By Lewis Jackson SYDNEY (Reuters) – Electric vehicle (EV) sales in Australia hit an all-time high in 2023, according to the country’s automotive association, however …
Toyota’s 2023 US sales rise 6.6%
(Reuters) – Toyota Motor North America on Wednesday reported a 6.6% rise in annual U.S. auto sales, benefiting from strong demand for its affordable sedans …
Tesla’s China-made EV sales jump 68.7% y/y in December
BEIJING (Reuters) – U.S. automaker Tesla sold 94,139 China-made electric vehicles (EVs) in December, a 68.7% increase from a year earlier, China Passenger Car Association …
China’s BYD to give dealers 2 billion yuan for hitting sales target -sources
SHANGHAI (Reuters) – BYD, which outsold Tesla in electric car sales globally for the first time in the fourth quarter, will hand out rewards totaling …
China’s state-owned developers dominate sales, land markets in 2023 – surveys
HONG KONG (Reuters) – China’s property market continued to consolidate in 2023 with state-affiliated firms dominating the home sales and land acquisition market, private surveys …
China’s home sales during New Year holiday fall 26% compared with 2023
BEIJING (Reuters) – China’s average daily home sales during the three-day New Year holiday in 40 cities, based on floor area, fell 26% compared with …
Chinese automaker Geely raises sales target for 2024 to 1.9 million units
By Summer Zhen HONG KONG (Reuters) – Chinese carmaker Geely Automobile Holdings Ltd set its sales volume target at 1.9 million units for 2024, up …
Struggling Caracas restaurants, bars offer tour to boost sales
By Efrain Otero CARACAS (Reuters) -Several bars and restaurants in Venezuela’s capital Caracas are offering an eight-hour tour where customers visit each establishment in a …