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…
March U.S. auto sales to tumble on rising inflation, Ukraine crisis- data
– U.S. auto retail sales could decline in March as rising inflation hinders spending by customers already limited by slim inventories due to pandemic-led supply shortages, and now the Ukraine crisis, consultants…
Volvo Cars cuts 2022 sales volume forecast due to chip shortage
STOCKHOLM – Volvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing it to cut its forecast for vehicle…
Armed career criminal sentenced for drug and firearm sales
ATLANTA –Derrick Guffie, an armed career criminal, has been sentenced to federal prison for illegal drugs and firearm sales. Guffie was involved in nine drug transactions and sold firearms on three occasions.…
Lamborghini can absorb lost sales in Russia through other markets -CEO
By Giulio Piovaccari MILAN – Italian luxury sports car brand Lamborghini can easily make up for lost sales from its decision to suspend business in Russia following Moscow’s invasion of Ukraine, Chief…
Czech central banker favours rate hikes to wider FX sales to stem inflation
By Jan Lopatka PRAGUE – The Czech central bank is likely to raise interest rates again on March 31 and may discuss more use of foreign exchange interventions, board member Tomas Holub…
Canada retail sales up 3.2% in January, seen falling 0.5% in February
By Julie Gordon OTTAWA – Canadian retail sales bounced back in January, beating expectations, as shoppers ventured out to car dealerships and home improvement shops, official data showed Friday, though February retail…
China’s land sales plunged in Jan-Feb though easing measures
BEIJING – China’s land sales revenue slumped from a year earlier, official data for January-February showed on Friday, pointing to continued weakness in the country’s huge property market, a major economic growth…
Jacksonville Man Sentenced to 5+ Years on Firearm Charges Related to Crack Cocaine Sales
NEW BERN, N.C. – Elias Johnson, 21, of Jacksonville, was sentenced today to 62 months in prison for possessing a firearm in furtherance of a drug trafficking crime and possessing a firearm…
Samsung wins appeal overturning ban on Russia sales in patent lawsuit
– A Russian court on Thursday overturned a ruling that would have barred Samsung Electronics importing and selling 61 models of smartphones in Russia over an intellectual property lawsuit that began last…
European car sales contract further in February – ACEA
BERLIN – New car registrations in Europe deteriorated further in February, after hitting a record low in January, as supply chain disruptions continued to hurt the automotive sector across the region, data…
San Fernando Valley Man Agrees to Plead Guilty to Illegal Gun Sales
LOS ANGELES – A North Hollywood man has agreed to plead guilty to acting as an unlicensed gun broker by selling 16 rifles and handguns – many without serial numbers –…
Sales Representative Charged in Federal Indictment Alleging Procurement Fraud at Chicago Elementary School
CHICAGO — An ongoing federal investigation into an alleged procurement fraud scheme at a Chicago elementary school has resulted in charges against a sales representative for a Chicago Public Schools vendor. An…
Barclays suspends sales of two products linked to oil, volatility
By Iain Withers and Saqib Iqbal Ahmed LONDON/NEW YORK – British bank Barclays said on Monday it had suspended the sales and issuance of two exchange-traded notes (ETNs) with combined assets of…
China grants Evergrande NEV approval to start vehicle sales
SHANGHAI – China’s industry regulator has given China Evergrande New Energy Vehicle Group approval to start sales of its inaugural electric car, the Hengchi 5 sport utility vehicle, according to a document…
Britain’s Boohoo to meet earnings guidance as sales growth slows
LONDON -British online fashion retailer Boohoo forecast 2021-22 core earnings in line with reduced guidance as it reported an expected slowdown in revenue growth in its latest quarter. The Manchester, northern England,…
McDonald’s, Starbucks, Coke and Pepsi all halt sales in Russia
By Hilary Russ and Uday Sampath Kumar NEW YORK -McDonald’s, PepsiCo, Coca-Cola and Starbucks stopped sales of their best-known products in Russia on Tuesday, offering a united rebuke of the war on…
ARK’S Wood sees Europe in recession, high oil prices to drive EV sales
By David Randall NEW YORK – Europe’s economy is likely already in a recession as a result of the Russian invasion of Ukraine and the U.S. economy may not be far behind,…
Ukraine war to sully clothes sales from Levi to Ralph Lauren
By Praveen Paramasivam – Levi Strauss and Ralph Lauren are among U.S. apparel brands likely to be worst hit by Russia’s invasion of Ukraine which is again clogging supply chains in Europe…
Adidas announces new China chief as it looks to revive sales
SHANGHAI – Adidas has replaced its China chief, it said on Tuesday, as the German sportwear brand looks to revive sales in the world’s second largest economy. The company has appointed Adrian…
Euro zone January retail sales rise weaker than expected
BRUSSELS – Euro zone retail sales grew by less than expected in January, Eurostat data showed on Friday, pulled down by weaker sales of fuel and muted spending on food and online,…
Dassault Aviation sees lower sales in 2022 after military earnings boost
-France’s Dassault Aviation said on Friday it expected to post lower sales this year than in 2021, as it reported a steep rise in annual earnings fuelled by higher deliveries of its…
Canada Goose suspends sales in Russia after Ukraine invasion
– Luxury retailer Canada Goose Holdings Inc said on Wednesday it would suspend all wholesale and e-commerce sales to Russia, becoming the latest company to respond to the country’s invasion of Ukraine.…
Australia retail sales rebound in Jan as economy weathers Omicron
By Wayne Cole SYDNEY – Australian retail sales were surprisingly strong in January as shoppers weathered a surge in Omicron cases with aplomb, suggesting the economy maintained considerable momentum into the new…
U.S. pending home sales fall for third straight month
WASHINGTON – Contracts to buy U.S. previously owned homes dropped for a third straight month in January amid record low inventory. The National Association of Realtors (NAR) said on Friday its Pending…
Russia’s invasion of Ukraine may pressure light-vehicle sales growth – data
– Russia’s invasion of Ukraine presents a “substantial risk” to the recovery of global light-vehicle sales this year, auto industry consultants J.D. Power and LMC Automotive said in a joint forecast on…
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