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…
Carlsberg warns that higher beer prices could hit sales
By Jacob Gronholt-Pedersen COPENHAGEN -Carlsberg plans to raise beer prices to offset rising raw material costs, potentially hitting beer sales this year, the Danish brewer said on Friday. The world’s third-largest brewer…
Analysis-Despite client shift to ‘multicloud’, Amazon notches up sunny sales
By Paresh Dave – Amazon.com Inc has racked up four straight quarters of cloud computing sales growth, a streak analysts are calling impressive and easing concerns that a customer shift toward multiple…
Japan has no plans to review sales tax rates, finance minister says
TOKYO – Japanese is not considering reviewing future national sales tax rates as the current 10% levy provides a vital source of funding the social security spending to support its ageing population,…
Carlyle’s Q4 earnings jump nearly fourfold on record asset sales
By Chibuike Oguh – Carlyle Group Inc said on Thursday its fourth-quarter distributable earnings increased almost fourfold thanks to a record level of asset sales from its private equity portfolio that was…
Video game publisher Electronic Arts lowers annual adjusted sales forecast
– Electronic Arts Inc lowered its annual adjusted sales forecast after missing quarterly estimates on Tuesday, as the video game publisher faces the brunt of easing pandemic restrictions and fewer consumers picking…
Botswana’s Debswana annual diamond sales jump 64%
GABORONE – Sales of rough diamonds by Debswana Diamond Company jumped 64% in 2021, statistics released by the Bank of Botswana showed on Monday, driven by the reopening of key global consumer…
Record Gun Sales Fueled By 5.4 Million First Time Buyers
Gun sales surged to a record high in 2021, fueled by first-time gun owners, according to the National Shooting Sports Foundation (NSSF). At least 5.4 million people purchased firearms for the first…
Vans owner slips as production delays, China curbs hit sales forecast
By Ananya Mariam Rajesh -Vans shoe maker VF Corp cut its full-year revenue forecast on Friday as it struggles with material shortages, labor issues at factories and slump in sales in China…
LVMH shares rise after luxury giant’s Q4 sales growth accelerated
PARIS – Shares in LVMH rose on Friday after the world’s largest luxury goods conglomerate reported an acceleration in its fourth quarter sales growth. LVMH shares were up 3.9 percent in early…
Brother and Sister Indicted on Drug Conspiracy and Other Charges Following Investigation of Fentanyl Sales
WASHINGTON – A brother and sister were arrested yesterday on charges stemming from an investigation by federal and local law enforcement agencies into a drug operation…
Ferragamo’s sales grow 31.4% in 2021
MILAN – Sales at Italian luxury group Salvatore Ferragamo rose by 31.4% last year, in line with market expectations, although they are still far below pre-pandemic levels. The leather goods maker said…
Dow expects strong first-quarter sales on higher prices
By Arathy Somasekhar and Ruhi Soni -Dow Inc on Thursday forecast better-than-expected sales for the current quarter after fourth-quarter results beat estimates, helped by higher prices for its products as supplies remained…
U.S. pending home sales fall for second straight month in December
WASHINGTON – Contracts to buy U.S. previously owned homes fell for a second straight month in December amid record low inventory. The National Association of Realtors (NAR) said on Thursday its Pending…
Northrop sales disappoint as supply chain snarls restrict deliveries
By Mike Stone and Nathan Gomes -Northrop Grumman Corp missed fourth-quarter revenue estimates on Thursday as labor shortages and supply chain snarls hampered its ability to deliver components for defense products, including…
Diageo sales jump on premium spirits and bar restocking
By Richa Naidu LONDON -Drinks group Diageo on Thursday reported first-half sales up nearly 16%, buoyed by high-end spirits for home use while bars increased orders as they reopened after coronavirus lockdowns.…
U.S. new home sales surge to a nine-month high in December
WASHINGTON – Sales of new U.S. single-family homes jumped to a nine-month high in December, boosted by a severe shortage of previously owned houses on the market. New home sales increased 11.9%…
General Electric Saw Decline In Sales Due To Supply Chain Problems
General Electric (GE) reported a disappointing fourth-quarter earnings report as the electricity giant pointed to continuing supply chain woes to explain its dip in revenue, the company reported. GE’s fourth-quarter revenue fell…
N95 Mask Manufacturer 3M’s Sales Explode After Omicron Surge, Expects Further Profits Following CDC Shoutout
A major N95 mask manufacturer saw a rise in sales during the Omicron variant surge and expects to profit further from new guidance issued by the Centers for Disease Control and Prevention…
Lockheed Martin posts better-than-expected profit, reiterates 2022 sales outlook
By Mike Stone – U.S. weapons maker Lockheed Martin Corp reported better-than-expected quarterly profit on Tuesday, helped by a strong performance at its ships and helicopters unit and venture capital gains, and…
Fed could resort to outright asset sales to reduce balance sheet – Credit Suisse
NEW YORK – The U.S. Federal Reserve could resort to outright asset sales to reduce its balance sheet as part of plans to fight unabated inflation, a Credit Suisse analyst said in…
Sales of LVMH’s Hublot, Bulgari watches top pre-pandemic levels
By Silke Koltrowitz ZURICH – LVMH’s luxury watch brands Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on strong U.S.…
Home Sales Surged To 15-Year High In 2021
U.S. existing home sales soared to a 15-year high in 2021 fueled by low interest rates and remote work, which boosted a competitive housing market, the National Association of Realtors (NAR) announced…
Luxury Car Sales Surge Amid Global Supply Chain Disruptions And Surging Inflation
Luxury car sales surged in 2021 while mainstream car companies struggled amid global supply chain disruptions and soaring inflation, The Wall Street Journal reported. Luxury car brands, including Rolls-Royce, Bentley, Porsche and…
Retail Sales Plummet As Inflation, COVID-19 Concerns Rise
U.S. retail sales decreased by 1.9% in December 2021 as inflation and Omicron coronavirus variant cases soared, marking a sharp end to the holiday shopping season. Although retail sales saw a 0.2%…
Former Sales Representative Admits Role in Compounding Prescription Drug Scheme
NEWARK, N.J. – A former sales representative today admitted his role in a scheme to defraud New Jersey state health benefits programs, U.S. Attorney Philip R. Sellinger announced. Scott Shekitka, 42, formerly…
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