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…
Mexico June retail sales fall 0.3% from May
(Reuters) – Mexican retail sales fell 0.3% in June from May, the national statistics agency said on Friday. Sales increased 4.0% percent in June compared to the same month a year earlier.…
Deere’s sales expected to rise on increased demand
By Bianca Flowers (Reuters) – Deere & Co is expected to report double-digit sales growth in its Friday results, fueled by strong equipment demand from farmers flush with cash that has helped…
U.S. existing home sales fall for sixth straight month; prices remain elevated
WASHINGTON (Reuters) – U.S. existing home sales fell to a fresh two-year low in July, further evidence that the Federal Reserve’s aggressive monetary policy tightening campaign was dampening demand for housing, although…
Germany to lower sales tax on gas to 7% in bid to relieve consumers
BERLIN (Reuters) – Germany will lower the sales tax on gas to 7% in an effort to cushion the blow of additional charges being placed on consumers to ensure energy companies can…
Australia’s Treasury Wine posts higher profit on U.S. sales, price hikes
(Reuters) – Treasury Wine Estates Ltd posted a 5.3% rise in annual profit on Thursday, as strong U.S. sales and price hikes more than offset a hit from hefty Chinese tariffs on…
Two New Hires at Kari-Out, Leader in Restaurant Packaging Takeout Industry, Bolster Sales, Manufacturing & Supply Chain
Tarrytown, NY (PRESS RELEASE) Kari-Out, a leading manufacturer, importer, and nationwide distributor of take-out paper, aluminum and plastic food containers, sauces and towelettes in the food service industry today announced the addition…
Home Depot sales lifted by higher prices, demand from builders
By Praveen Paramasivam and Deborah Mary Sophia (Reuters) -Home Depot Inc on Tuesday surpassed estimates for quarterly results as demand from builders and higher prices helped the biggest U.S. home-improvement chain cushion…
Straumann maintains modest 2022 outlook despite strong sales, shares slip
By Marie Mannes (Reuters) – Swiss dental implants maker Straumann maintained its moderate 2022 outlook on Tuesday despite strong first-half sales driven by high demand, sending its shares tumbling as much as…
Pandora shares fall on disappointing U.S. sales
By Jacob Gronholt-Pedersen COPENHAGEN – Jewellery maker Pandora on Tuesday reported disappointing second-quarter sales in the U.S. market, prompting its shares to fall, but reaffirmed its annual forecast, saying higher costs of…
Tencent stops sales on its NFT platform Huanhe a year after launch as scrutiny mounts
By Josh Ye HONG KONG – Chinese internet giant Tencent Holdings’ non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny…
Lansing Pharmaceutical Sales Representative Sentenced To One Year In Prison For Defrauding Michigan State University Of $1.2 Million For Compounded Drug Prescriptions
GRAND RAPIDS, MICHIGAN – U.S. Attorney Mark Totten announced today that U.S. District Judge Robert J. Jonker sentenced Daniel Brown of Dimondale, Michigan to 12 months and one day in…
TPG quarterly earnings more than triple on fee growth, asset sales
By Chibuike Oguh NEW YORK – TPG Inc said on Tuesday its second-quarter after-tax distributable earnings more than tripled, owing to strong growth in management fees and asset sales from its private…
Dufry’s turnover more than doubles as sales inch towards 2019 levels
By Tristan Chabba and Jagoda Darlak (Reuters) -Swiss duty-free retailer Dufry said on Tuesday it saw strong sales momentum continue in July despite the soaring inflation, after its turnover more than doubled…
Pirelli raises sales target as pricing power offsets inflation
MILAN – Strong pricing power and cost savings will help Pirelli offset economic challenges, the Italian tyremaker said on Thursday as it beat second-quarter operating profit expectations and raised its full-year revenue…
Beiersdorf posts 10.5% organic sales growth in H1, affirms outlook
BERLIN – Nivea owner Beiersdorf posted 10.5% organic sales growth in the first half of the year, it said on Thursday, affirming its guidance for the full year. First-half sales grew to…
Adidas posts 28% decline in Q2 operating profit despite sales increase
BERLIN – Adidas on Thursday said operating profit fell by 28% in the second quarter to 392 million euros ($398.43 million), as results suffered from suspending business in Russia, higher supply chain…
Green Thumb’s quarterly cannabis sales get New Jersey high
By Rithika Krishna (Reuters) – Green Thumb Industries Inc posted a more than 14% rise in second-quarter revenue on Wednesday, driven by healthy retail sales in New Jersey and Illinois. New Jersey…
Nornickel reduces nickel, palladium sales in H1 as supply chains disrupted
MOSCOW – Russian metals producer Nornickel said on Tuesday that its sales of nickel, palladium and platinum fell in the first half of 2022 due to disrupted supply chains, while net profit…
China July home prices, sales volume fall as sentiment wilts – survey
BEIJING – China’s July new home prices and sales volume both fell from a month earlier, a private survey showed on Monday, with fragile sentiment further corroded by nationwide threats by homebuyers…
Remote working prevents full recovery of U.S. coffee shop sales – research
By Marcelo Teixeira NEW YORK – Coffee shop sales in the United States have not fully recovered from a deep slump early in the COVID-19 pandemic, because most customers are still working…
Carlyle’s second-quarter earnings rise 34% on strong asset sales
By Chibuike Oguh (Reuters) – Private-equity firm Carlyle Group Inc said on Thursday its second-quarter distributable earnings rose 34%, driven by asset sales that were completed even as markets nosedived. Distributable earnings…
Australian retail sales slow in June as prices jump
By Wayne Cole SYDNEY – Australian retail sales edged higher in June but missed market forecasts for the first time in several months, a sign soaring inflation and rising interest rates may…
Republican Senators Call For Sanctions Against Russian Oil Sales To China
Republican Senators Call For Sanctions Against Russian Oil Sales To China Jack McEvoy on July 27, 2022 Republican senators introduced a bill Tuesday aimed at sanctioning Chinese purchases of Russian oil, according…
U.S. pending home sales tumble in June as mortgage rate soar
WASHINGTON – Contracts to buy U.S. previously owned homes fell more than expected in June as rising mortgage rates and higher house prices continued to reduce affordability for entry-level and first-time buyers.…
Gartner forecasts chip sales growth to slow down in 2022, fall next year
By Supantha Mukherjee STOCKHOLM – IT research firm Gartner said on Wednesday it expects global semiconductor sales growth to slow down in 2022 and fall 2.5% next year, hurt by weak sales…
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