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…
U.S. auto sales to fall in 2022, GM set to reclaim top spot from Toyota
(Reuters) – U.S. new vehicle sales are expected to decline for major automakers in 2022 due to inventory shortages, which weighed on Asian brands more than the Detroit giants such as General…
Tesla’s China head Tom Zhu takes over sales in North America- Electrek
(Reuters) – Tesla Inc’s head of China, Tom Zhu, has taken over responsibilities for sales, service and deliveries in North America, Electrek website reported on Monday, citing sources familiar with the matter.…
Dubai scraps 30% tax on alcohol sales amid economic rebound
DUBAI (Reuters) – Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retailers said…
Swiss National Bank steps up forex sales during Q3
ZURICH (Reuters) – The Swiss National Bank increased its forex sales to 739 million Swiss francs ($799.35 million) during the third quarter of 2022, the central bank said on Friday, showing how…
Spain’s November retail sales fall 0.6% on year
(Reuters) – Spanish retail sales fell 0.6% in November from a year earlier on a seasonally and calendar-adjusted basis, after rising 1.0% in October, the National Statistics Institute (INE) said on Thursday.…
U.S. pending home sales sag more than expected in November
(Reuters) – Contracts to buy U.S. previously owned homes fell far more than expected in November, diving for a sixth straight month in the latest indication of the hefty toll the Federal…
U.S. retail sales grows 7.6% in holiday season -Mastercard data
(Reuters) – U.S. retail sales rose 7.6% between Nov. 1 and Dec. 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a Mastercard report showed on…
U.S. new home sales increase again in November
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose for a second straight month in November likely as Americans took advantage of a retreat in mortgage rates and incentives from desperate…
Home Sales Plunge In November As Housing Market Cracks Under High Prices
Home Sales Plunge In November As Housing Market Cracks Under High Prices John Hugh DeMastri on December 21, 2022 Sales of existing homes fell severely in November, but prices remained elevated compared…
Champagne makers celebrate record sales ahead of Christmas
REIMS, France (Reuters) – Champagne sales are expected to reach a new record this year, despite inflation that could have made consumers shun the expensive bubbly, producers said ahead of the start…
U.S. new vehicle sales to fall in December as high prices deter buyers – report
(Reuters) – U.S. total new vehicle retail sales are expected to decline in December as high vehicle prices and rising borrowing costs pushed consumers to cut back spending, a report from industry…
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…
Canada October retail sales up 1.4% on gasoline, seen down 0.5% in November
By Steve Scherer OTTAWA (Reuters) – Canadian retail sales rose by 1.4% in October from September, data showed on Tuesday, but an estimate for November indicates a 0.5% monthly decline heading into…
Two Chinese property developers to raise funds via discounted share sales
HONG KONG (Reuters) – CIFI Holdings on Tuesday became the latest Chinese property developer to raise funds by selling new shares at discounted prices, while Agile Group announced its second such capital…
Nike sales may soar as discounts draw shoppers; margin squeeze looms
By Deborah Mary Sophia (Reuters) – Nike Inc is expected to report a big bump in second-quarter sales, as it offered deep discounts on its shoes and sportswear to keep the interest…
China’s weekly new home sales rise slowly – private survey
BEIJING (Reuters) – New-home sales in 16 Chinese cities rose at a slower pace last week, held back by falling transactions in the biggest cities and by surging COVID-19 cases, despite government…
British Airways, Virgin Atlantic limit ticket sales to Heathrow due to strikes
LONDON (Reuters) – British Airways and Virgin Atlantic will limit ticket sales for flights to London’s Heathrow Airport during planned strikes by border agents over Christmas and New Year’s Eve to reduce…
U.S. existing-home sales to slide to 11-year low in 2023, NAR says
(Reuters) – Sales of previously owned U.S. homes will fall for a second year in 2023 to their lowest annual total since 2012 when the housing market was still in a slow…
The Biden Admin’s Latest Offshore Wind Lease Sales Mostly Went To Foreign Energy Companies
The Biden Admin’s Latest Offshore Wind Lease Sales Mostly Went To Foreign Energy Companies Jack McEvoy on December 8, 2022 Roughly 78% of federal land auctioned by the Biden administration for offshore…
Gun Sales Jump In Oregon With 36,000 People Waiting On Delayed Background Checks
Gun Sales Jump In Oregon With 36,000 People Waiting On Delayed Background Checks Bronson Winslow on December 8, 2022 Attempted gun purchases in Oregon continue to rise, as roughly 36,000 residents wait…
Google Ad Manager outage costs big websites ad sales
By Paresh Dave OAKLAND, Calif. (Reuters) – A Google service relied upon by many large websites to sell and display ads was down for about three hours Thursday, denying major news publishers…
BAT expects full-year sales growth of 2-4% on e-cigarette, oral nicotine push
LONDON (Reuters) – British American Tobacco said on Thursday it expects full-year revenue growth of between 2% and 4% at constant currency rates, as more people are using its e-cigarettes and oral…
Dollarama lifts annual sales forecast on strong demand for cheaper grocery
(Reuters) – Dollarama Inc raised its full-year same-store sales forecast on Wednesday, as the Canadian discount store chain benefited from inflation-weary consumers shopping at its stores in search of cheaper groceries and…
Russia’s car sales slump continues, down 61.6% y/y in November
MOSCOW (Reuters) -Russia’s automobile market slump extended into November, the Association of European Businesses (AEB) said on Tuesday, with sales of new cars down 61.6% year-on-year, as the struggling sector feels the…
Euro zone retail sales weaker than expected in Oct
BRUSSELS (Reuters) – Euro zone retail sales were slightly weaker than expected in October, data showed on Monday, dipping more than forecast in a sign of weakening consumer demand that could herald…
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