Apple iPhone sales slump 24% in China, fanning fears of a slowdown
Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of 2024 as the company faces increasing competition from domestic rivals such as Huawei, according to research firm Counterpoint. Huawei, the tech giant’s biggest competitor for premium smartphones in China, saw unit sales increase by 64% in the same period, the report […]
UK new car sales reach highest February figure in 20 years | Automotive industry
British new car sales soared to the highest in February in 20 years, boosted by businesses buying electric vehicles for their own fleets, despite a decline in private EV adoption. According to the Society of Motor Manufacturers and Traders (SMMT), the number of new car registrations last month rose 14% from the previous year to […]
Target’s earnings surge despite holiday sales dip, sees sales recovery in 2024
Stacey Widlitz, founder of SW Retail Advisors, talks about Macy’s 150 store closures and shares her top retail picks on “The Claman Countdown.” Target on Tuesday reported an increase in holiday quarter profit despite a weaker-than-expected sales decline, forecasting that full-year comparable sales would significantly beat Wall Street expectations, and the market The company’s stock […]
Ford sales jumped in February, led by gains in hybrids and EVs
Automotive expert Lauren Fix joins “Kabuto: Coast to Coast” to discuss Ford’s decision to offer free Tesla Superchargers to EV owners through July. ford motor announced Monday that its U.S. sales rose 10.5% in February due to strong sales of electric vehicles (EVs) and hybrid vehicles. Sales of Ford’s hybrid vehicles have increased by 36.7% […]
Bud Light’s Dylan Mulvaney fiasco spurred sales hit of more than $1B last year
Bud Light’s parent company, Anheuser-Busch InBev, may have lost more than $1 billion in sales due to an ill-fated ad featuring transgender influencer Dylan Mulvaney. In North America, organic revenue, considered the best measure of business performance, plummeted to a staggering $1.4 billion in 2023 “primarily due to lower Bud Light volumes,” the company said. […]
Pennsylvania court drops injunction against Amish farmer over raw milk sales
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Conservatives rally behind Pennsylvania Amish farmer who suffered police raid over milk sales
Republican lawmakers are rallying on social media in support of an Amish farmer in Pennsylvania who was raided by police last month for selling milk in violation of government regulations. Amos Miller claims that it sells its products only to “private member associations,” not to the public, and is exempt from government regulation. But the […]
Home sales hit 5-month high in January while prices jump 5%
Sales of previously occupied U.S. homes rose in January as homebuyers took advantage of easing mortgage rates and a modest increase in properties on the market. The National Association of Realtors said Thursday that existing home sales rose 3.1% last month from December, reaching a seasonally adjusted annual rate of 4 million units. That’s the […]
Existing home sales rose 3% to start the year, but higher mortgage rates are already hurting – CNBC
“While home sales are still significantly lower than they were a few years ago, January’s monthly increase is the beginning of an expansion in supply and demand,” said NAR Chief Economist Lawrence Yun. “Listings are up slightly and homebuyers are taking advantage of lower mortgage rates compared to the end of last year.” The inventory […]
Beyond Meat revamps plant-based burger to boost weak sales
Beyond Meat is revamping its signature plant-based burger, hoping healthier ingredients will boost sales in the struggling U.S. The El Segundo, Calif.-based company announced Wednesday that its new Beyond Burger patty and Beyond Beef Meal have 60 percent less saturated fat by switching from canola and coconut oil to avocado oil. New beef products contain […]