Latest Sales figures News

Car dealers gear up for Saudi women to hit the roads

Jun. 22, 2018 2:35 PM EDT

RIYADH, Saudi Arabia (AP) — Cradling her four-month-old daughter, Nour Obeid scans the car showroom and heads to the mid-sized SUVs. In the past, a woman looking to buy a car in Saudi Arabia would focus on the features in the back, but Obeid is checking out the driver's seat, picturing herself doing...

Xiaomi: A Chinese startup out to challenge Google, Amazon

Jun. 21, 2018 11:37 AM EDT

SEOUL, South Korea (AP) — Xiaomi, a Chinese cellphone maker that helped pioneer the trend toward ultra-low-priced smartphones, is preparing for what would possibly be the biggest tech initial public offering since e-commerce giant Alibaba's in 2014. The 8-year-old is a star among Chinese unicorns, a term...

Asian stocks mostly up despite underlying US-China tension

Jun. 21, 2018 1:45 AM EDT

TOKYO (AP) — Asian stock markets mostly rose Thursday as concern fades over the trade tensions between the U.S. and China. Uncertainty remains, but the original tariff threats made earlier in the week were not followed by material action. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.8 percent...

Starbucks to accelerate store closings next year

Jun. 19, 2018 8:17 PM EDT

NEW YORK (AP) — Starbucks says it will accelerate its store closings in the U.S. next year as it tries to boost sluggish sales. The Seattle-based company announced Tuesday that it will close 150 underperforming stores in heavily penetrated markets, up from the usual rate of 50 closings a year. The company...

US retail sales boom in May, but inflation is lurking

Jun. 14, 2018 10:13 AM EDT

WASHINGTON (AP) — U.S. retail sales rose by the most in six months in May, a sign that confident consumers are leading a strong economic rebound after a slow start to the year. Yet with high gas prices and inflation eating away at income gains made by workers, Americans may not be able to maintain this...

China auto sales rise 7.9 percent in May as electrics surge

Jun. 12, 2018 5:09 AM EDT

BEIJING (AP) — China's auto sales rose 7.9 percent in May from a year earlier as purchases of electric and gasoline-electric hybrid vehicles more than doubled to 102,000, an industry group reported Tuesday. Sales of SUVs, sedans and minivans rose to 1.9 million, according to the China Association of...

Asian stocks higher after Wall Street gains

Jun. 7, 2018 12:19 AM EDT

SEOUL, South Korea (AP) — Asian stock markets rose Thursday following a rally on Wall Street as remarks by a European Central Bank board member eased worries about the new Italian government's spending plans. KEEPING SCORE: Japan's Nikkei 225 jumped 1 percent to 22,839.85 and the Shanghai Composite Index...

Sales rise sharply at Brown-Forman in 4Q but profit down

Jun. 6, 2018 4:29 PM EDT

LOUISVILLE, Ky. (AP) — Brown-Forman Corp. on Wednesday reported yearlong net sales growth across its spirits lineup — including its flagship Jack Daniel's Tennessee Whiskey brand — but said fourth-quarter earnings declined due to costs associated with the creation of a charitable foundation...

UK economy 'on course to rebound' in Q2

Jun. 5, 2018 9:14 AM EDT

LONDON (AP) — The British economy appears to be bouncing back following a period of near-stagnation that had reinforced fears about the impact of Brexit, surveys indicated Tuesday. The British Retail Consortium said overall sales rose by a solid 4.1 percent in May. It credited the rise to sunny weather and...

The Latest: Alfa Romeo aims to boost sales in luxury cars

Jun. 1, 2018 6:28 AM EDT

BALOCCO, Italy (AP) — The Latest on Fiat Chrysler's new business plan (all times local): 12:25 p.m. Fiat Chrysler's premium brand, Alfa Romeo, is still targeting 400,000 in annual sales, but now for 2022, having missed the initial goal of this year. Alfa Romeo has grown from 66,000 vehicles a year in 2014...