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…
US holiday sales growth to slow as inflation pinches wallets – report
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) – U.S. holiday sales in 2023 are expected to rise at the slowest pace in five years, data from the National Retail Federation…
Ford reports lower US vehicle sales in October
(Reuters) – Ford reported a 5.3% drop in total U.S. vehicle sales in October against the backdrop of the recent United Auto Workers (UAW) union strike at some of its facilities. The…
Tesla’s Oct China-made EV sales fall 2.6% from Sept
BEIJING/SHANGHAI (Reuters) – U.S. automaker Tesla delivered 72,115 China-made electric vehicles in October, down 2.6% from a month earlier, the China Passenger Car Association (CPCA) said on Thursday. Sales of China-made Model…
Shopify merchants seek AI boost for key sales decisions
By Arriana McLymore NEW YORK (Reuters) – A week after e-commerce giant Amazon said it is giving its sellers new generative artificial intelligence advertising tools this holiday season, Shopify has to prove…
Canada Goose cuts sales outlook on rocky China recovery
(Reuters) – Canada Goose Holdings cut its annual sales forecast on Wednesday, signaling China’s rocky recovery while sales in the U.S. continued to stay under pressure. The Toronto, Ontario-based company expects fiscal…
Lower costs, FX boost Brazil’s Ambev net profit in Q3 as sales dip
By Natalia Siniawski (Reuters) – Brazilian brewer Ambev SA on Tuesday reported a 19.3% jump in net profit on an organic basis, lifting its shares as lower aluminum prices and favorable exchange…
Debt-ridden retailer Casino Q3 sales down 5.3% as France weighs
PARIS (Reuters) – Debt-burdened retailer Casino said on Tuesday group sales fell 5.3% in the third quarter, as weakness in its core French market outpaced robust growth in Brazil. Consolidated group net…
Carlsberg warns weak consumer sentiment may hurt beer sales in Europe, Southeast Asia
COPENHAGEN (Reuters) -Danish brewer Carlsberg on Tuesday reported third-quarter sales broadly in line with expectations but warned that weak consumer sentiment in Europe and Southeast Asia could impact beer markets negatively. The…
Alibaba banks on aggressive Singles Day pricing to recoup sales mojo
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s Alibaba is pressuring merchants to offer rock-bottom prices on its marketplaces in this year’s Singles Day extravaganza, three industry sources said, as…
Rockland County’s “Operation Clean Streets” Nets Seven Arrests for Narcotics Sales
ROCKLAND COUNTY, NY — A months-long investigation by the Rockland County District Attorney’s Office Drug Task Force has culminated in the arrest of seven county residents on various drug charges. The arrested…
Mexican drinks seller Arca profits rise on ‘surprise’ sales volumes
MEXICO CITY (Reuters) – Mexican bottler Arca Continental said on Thursday its third-quarter net profit rose 7% as it sold more water and soft drinks than expected in its home market and…
Mexico’s Cemex Q3 profit slides on year-ago asset sales, as taxes bite
By Kylie Madry MEXICO CITY (Reuters) -Mexican cement-maker Cemex on Thursday reported a 75% slump in third-quarter profit, on a nearly five-fold rise in taxes and as hefty asset sales last year…
Rheinmetall Q3 profits jump on strong ammunition sales
BERLIN (Reuters) – German defence contractor Rheinmetall said on Wednesday its third-quarter profitability jumped on strong demand for weapons and ammunitions, with operating profit expected to top consensus estimates by 15%. The…
US auto sales likely to rise in October but impact of UAW strike looms – report
(Reuters) – U.S. auto sales are expected to rise in October but the outlook for the rest of the year remains uncertain owing to the auto workers strike at Detroit Three, a…
Moncler sales seen rising despite luxury concerns, warmer weather
By Elisa Anzolin MILAN (Reuters) – Italian luxury group Moncler is expected to post a healthy rise in quarterly sales thanks to a strong brand and despite the warmer weather, although growth…
Kering shares fall 4% after sales drop, dragging down luxury sector
PARIS (Reuters) -Shares in French group Kering fell on Wednesday to their lowest since March 2020, dragging down other luxury stocks, after the company reported weaker than expected sales for the third…
Beiersdorf raises 2023 sales guidance on strong 9-month results
BERLIN (Reuters) -Nivea maker Beiersdorf raised its full-year sales guidance on Wednesday, as it reported a 11.2% hike in organic group sales in the first nine months, driven by its consumer business…
Dow forecasts downbeat Q4 net sales on low prices, weak demand
By Saikeerthi . (Reuters) – Dow Inc forecast average net sales for the current quarter below analyst estimates on Tuesday, as the chemical maker continues to navigate weak demand and low prices…
Canada August retail sales down 0.1%, boost expectations of rate pause
OTTAWA (Reuters) – Canadian retail sales fell by 0.1% in August from July and look set to stay flat in September, Statistics Canada said on Friday, cementing expectations that the Bank of…
US existing home sales drop to 13-year low in September
WASHINGTON (Reuters) – U.S. existing home sales dropped to a 13-year low in September as surging mortgage rates and tight supply combined to reduce affordability for many first-time buyers. Existing home sales…
Fears that China boost for L’Oreal’s beauty label sales may not last
By Mimosa Spencer PARIS (Reuters) – L’Oreal’s stable of skincare and cosmetics labels, including L’Oreal Paris, SkinCeuticals and CeraVe, will likely give a solid lift to the company’s quarterly sales with purchases…
Stellantis aims to rival Ford in commercial vehicles with sales growth
By Giulio Piovaccari BALOCCO, Italy (Reuters) – Automaker Stellantis aims to increase sales of its light commercial vehicles (LCV) by 25% through 2027 to catch up with global market leader Ford, the…
Ad sales for Paris Olympics pace ahead of previous Games, NBCUniversal says
By Helen Coster NEW YORK (Reuters) – Total advertising sales for the Paris 2024 Summer Olympic and Paralympic Games are pacing ahead of where each of NBCUniversal’s previous Olympic and Paralympic Games…
China’s falling property sales, investment weigh on recovery
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s property sales and investment posted double-digit declines as efforts to support big cities failed to bolster confidence in an industry struggling to…
US retail sales beat expectations in boost to third-quarter GDP growth expectations
WASHINGTON (Reuters) -U.S. retail sales increased more than expected in September as households stepped up purchases of motor vehicles and spent more at restaurants and bars, cementing expectations that economic growth accelerated…
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