Latest Sales figures News

Target bursts into the holiday season with a bang

Nov. 20, 2019 4:59 PM EST

NEW YORK (AP) — Target is bursting into the critical holiday season with strong third-quarter earnings as the company pushes faster delivery and invests in stores and on new fashion brands. The retailer raised its expectations for the year and shares closed up more than 14% at $126.43. Target’s...

Kohl's reduces annual profit outlook heading into holidays

Nov. 19, 2019 1:31 PM EST

NEW YORK (AP) — Kohl's Corp. on Tuesday cut its full-year profit outlook after posting disappointing third-quarter results. The company also reported a meager 0.4% increase in sales at stores opened at least a year. The outlook and anemic sales sent shares down more than 18%. The weaker outlook raised...

Ford Mustang SUV starts a blitz of new electric vehicles

Nov. 18, 2019 1:35 AM EST

DEARBORN, Mich. (AP) — Ford is unveiling its first all-electric SUV, marking the start of an avalanche of battery-powered vehicles coming from mainstream and luxury automakers during the next two years that industry analysts say will boost electric vehicle sales. The “Mustang Mach E,” which...

US retail sales rose a modest 0.3% in October

Nov. 15, 2019 11:05 AM EST

WASHINGTON (AP) — Americans stepped up their shopping last month, spending more online and buying more cars, evidence that consumers can still drive the economy’s growth. Still, the details of the report were weaker than expected, economists said, and several analysts reduced their forecasts for...

JC Penney losses narrow, CEO tries to reinvigorate stores

Nov. 15, 2019 10:57 AM EST

NEW YORK (AP) — J.C. Penney, in the throes of yet another reinvention, offered some rare hope during the third quarter. The troubled department store chain raised its annual profit forecast Friday after reporting narrowed losses. It still anticipates a sharp sales decline for the year, however. Jill...

Walmart offers holiday cheer as traditional peers struggle

Nov. 14, 2019 11:40 AM EST

NEW YORK (AP) — Walmart is offering some holiday cheer heading into the crucial Christmas shopping season even as many of its traditional peers struggle. The nation’s largest retailer raised its annual profit expectations on Thursday after reporting strong third-quarter results helped by its grocery...

Chinese buyer of British Steel looks to grow abroad

Nov. 13, 2019 6:03 AM EST

BEIJING (AP) — Jingye Group's purchase of British Steel Ltd. gives the privately owned Chinese steelmaker a chance to grow outside a home market dominated by giant state-owned mills. The deal adds to a string of global acquisitions by Chinese companies that want to speed their growth in industries from...

Scandal-hit Nissan's profits crash amid lower global sales

Nov. 12, 2019 4:59 AM EST

TOKYO (AP) — Japanese automaker Nissan reported Tuesday that its July-September profit tumbled to half of what it earned the year before as sales and brand power crumbled following the arrest of its former chairman, Carlos Ghosn. Yokohama-based Nissan Motor Co.'s fiscal second quarter profit totaled 59...

Ford electric vehicle chief sees more products, sales growth

Nov. 10, 2019 1:02 PM EST

DEARBORN, Mich. (AP) — So far, electric vehicles haven't been accepted in the United States, with fewer than 1.5% of new-vehicle buyers choosing them over internal combustion engines. That surely will change as more manufacturers offer vehicles with longer range and fast-charging networks keep growing....

Japanese automaker Honda cuts profit outlook as sales slip

Nov. 8, 2019 3:40 AM EST

TOKYO (AP) — Honda has become the latest automaker to report weaker earnings as global demand softens. The company said Friday that its profit in the July-September fell 6.7% from a year earlier to 196.5 billion yen ($1.8 billion) as vehicle and motorcycle sales slipped. An unfavorable exchange rate also...