Latest Sales figures News

Cyber Monday deals lure in consumers amid high inflation

Nov. 28, 2022 17:58 PM EST

NEW YORK (AP) — Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation. Cyber Monday is expected to remain the year’s biggest online...

Best Buy's outlook on sales improves ahead of the holidays

Nov. 22, 2022 10:00 AM EST

NEW YORK (AP) — Best Buy's profit and sales slipped in the third quarter on weakening demand for electronic gadgets, but it beat expectations and the retailer said a downturn in comparable stores sales this year will not be as bad as it had expected. Shares jumped more than 8% at...

Macy's, Kohl's, Gap point to cloudy holiday retail picture

Nov. 17, 2022 17:59 PM EST

NEW YORK (AP) — Results from Macy's, Kohl's and Gap on Thursday further underscored the cloudy picture for U.S. retailers heading into the start of the holiday season. A day after Target reported a sharp drop in quarterly profits, it's clear that inflation-hit shoppers in the last...

Home Depot tops 3Q expectations again, but sticks by outlook

Nov. 15, 2022 09:33 AM EST

ATLANTA (AP) — Home Depot easily topped expectations for both profit and revenue in the third quarter, but investors were spooked after the company stuck by projections it put out earlier this year. Shares of The Home Depot Inc. rose 1.2% in morning trading. Profit...

Honda's profit rises on weak yen, strong motorcycle sales

Nov. 09, 2022 02:57 AM EST

TOKYO (AP) — Honda Motor Corp. said Wednesday that its fiscal second quarter profit rose nearly 14% as a weaker yen boosted its overseas earnings and strong demand raised sales of its vehicles and motorcycles. Tokyo-based Honda reported a July-September profit of 189.2 billion...

Kohl's CEO steps down to take president role at Levi Strauss

Nov. 08, 2022 11:30 AM EST

NEW YORK (AP) — Michelle Gass, CEO of department store chain Kohl's, is stepping down from her role early next month and will become the president of denim giant Levi Strauss & Co. Levi's said Tuesday in a release that Gass will start on Jan. 2, and the board of directors has...

Carvana falls as rising rates, inflation cut used car sales

Nov. 07, 2022 18:24 PM EST

DETROIT (AP) — Shares of upstart used-vehicle chain Carvana tumbled another 16% Monday, undercut by the company's struggles with falling prices and waning demand for its products. The latest downturn comes after the shares fell almost 40% on Friday following Morgan Stanley analyst...

Starbucks reports record Q4 revenue despite China declines

Nov. 03, 2022 18:59 PM EDT

Pumpkin spice pumped up Starbucks' sales in its fiscal fourth quarter, and the company said it's confident that momentum will carry on into next year. Starbucks’ revenue rose 3% to a record $8.41 billion in the July-September period. The company said Thursday it saw its...

On Wall Street, extreme punishments for weak profit reports

Nov. 03, 2022 11:57 AM EDT

NEW YORK (AP) — When it comes to meeting Wall Street’s expectations for profit and sales, it’s put-up-or-get-beat-up time for CEOs. It hasn’t happened very often, but when companies have turned in both weaker profits and sales this reporting season than analysts expected,...

Maersk 3Q profit surges but shipper warns of 'dark clouds'

Nov. 02, 2022 08:14 AM EDT

COPENHAGEN, Denmark (AP) — The world’s biggest container shipping company Maersk on Wednesday reported substantially improved third-quarter profit and sales on the back of higher ocean freight rates and acquisitions but warned that there were “dark clouds on the horizon” in the business. ...