Latest Sales figures News

Walmart flexes its muscle against Amazon

Nov. 15, 2018 3:04 PM EST

NEW YORK (AP) — Walmart may be bruised by Amazon, but it's learning how to fight back. The world's largest retailer delivered strong third-quarter results Thursday, extending a streak of sales growth into its 11th straight quarter that was helped by services such as online grocery pickup. It also raised...

JC Penney withdraws profit guidance, cuts sales outlook

Nov. 15, 2018 1:14 PM EST

NEW YORK (AP) — J.C. Penney withdrew its profit guidance and lowered its sales expectations for the year, leading to a big drop in its stock in early trading before shares recovered. Sales at stores open at least a year, a key gauge of a retailer's health, declined 5.4 percent during the third quarter....

Macy's charges into the holiday shopping season like a boss

Nov. 14, 2018 12:40 PM EST

NEW YORK (AP) — Macy's is heading into the crucial holiday season firing on all cylinders, logging its fourth consecutive quarter of sales growth at existing locations and getting strong reactions from customers both online and in its stores. The company also lifted its expectations for annual earnings on...

Homeowners are spending, Home Depot is winning

Nov. 13, 2018 8:12 AM EST

NEW YORK (AP) — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even amid hints that the housing market is cooling. Comparable-store sales, a key indicator of a retailer's health, rose 4.8 percent, but...

Petco, others respond to demand for natural pet foods

Nov. 13, 2018 5:22 AM EST

Demand for healthy, natural food is extending from humans to their pets. Petco announced Tuesday it will stop selling dog and cat food and treats with artificial colors, flavors and preservatives, both online and at its nearly 1,500 stores in the U.S. and Puerto Rico. "We are making sure we are always taking the...

China auto sales fall in October, deepening slump

Nov. 9, 2018 4:43 AM EST

BEIJING (AP) — China's auto sales sank for a fourth month in October as an unexpectedly painful slump in the global industry's biggest market deepened. Purchases of SUVs, sedans and minivans contracted 13 percent from a year earlier to just over 2 million units, the China Association of Auto Manufacturers...

L.L. Bean to award holiday checks to employees

Nov. 8, 2018 1:10 PM EST

FREEPORT, Maine (AP) — Citing an increase in fall sales, clothing retailer L.L. Bean has announced it is sending holiday checks to employees this year. The Portland Press Herald reports the checks will be distributed next month, and they will range from $35 to $165. Company spokeswoman Carolyn Beem says...

Nissan sees profit dip as sales fall, offsetting cost cuts

Nov. 8, 2018 3:59 AM EST

TOKYO (AP) — Japanese automaker Nissan reported Thursday an 8 percent fall in profit for the latest quarter as declining sales offset the benefits of cost cuts. Nissan Motor Co.'s July-September profit totaled 130.4 billion yen ($1.1 billion) Thursday, down from 141.6 billion yen the same period a year...

Papa John's still struggling after founder's departure

Nov. 6, 2018 6:14 PM EST

Papa John's continues to struggle with the fallout from its founder's noisy departure, but its CEO says a new ad campaign is helping turn things around. The pizza chain said Tuesday it lost $13 million in the third quarter, a 160 percent decline from the July-September period a year ago. Earnings, adjusted for...

Toyota quarterly profit rises on growing sales, cost cuts

Nov. 6, 2018 3:54 AM EST

TOKYO (AP) — Toyota Motor Corp. reported a 28 percent surge in its net profit in the last quarter, helped by growing sales in Europe, Asia and the Americas, and raised its earnings forecast for the full year. The top Japanese automaker said Tuesday that its July-September profit totaled 585.1 billion yen...