sales

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More Bad News for Tesla
More Bad News for Tesla
Apr 2, 2024 10:44 AM CDT

More Bad News for Tesla

Q1 sales were down 9%, well below expectations, and stock has shaved off 34% of its value this year

(Newser) - Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. The company said it delivered 386,810 vehicles from January through March, almost 9% below the 423,000 it sold in the same quarter of last year....

Philips to Halt Sales of CPAP Devices, Could Lose $400M

Global recall of 5M sleep apnea machines came about from risk of users inhaling particles, fumes

(Newser) - The company behind a global recall of sleep apnea machines said Monday it will stop selling the devices in the US, under a tentative agreement with regulators that could cost it nearly $400 million. Device maker Philips has recalled more than 5 million pressurized breathing machines due to risks that...

For Dogs in South Korea, 'History in the Making'

Production, sales of dog meat banned as of 2027, enraging dog farmers

(Newser) - South Korea's Parliament on Tuesday passed a landmark ban on production and sales of dog meat, as public calls for a prohibition have grown sharply over concerns about animal rights and the country's international image. Some angry dog farmers said they plan to challenge the bill's constitutionality...

Holiday Sales Takeaway: 'The Consumer Showed Up'

Sales were up 3.1% in November and December

(Newser) - The holiday shopping season is in the books, and retailers will likely be relieved, the New York Times reports. Retail sales were up 3.1% compared to last year between Nov. 1 and Dec. 24, according to stats released by Mastercard SpendingPulse. "This holiday season, the consumer showed up,...

Online Shoppers, Today Is Your Big Day

With Black Friday, it's on to Cyber Monday, wrapping up 5-day Cyber Week for holiday shopping

(Newser) - Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday. Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday—a term coined back in 2005 by...

Retailers Steel for What May Be a Holiday Mixed Bag

Consumers seem set to spend on Black Friday, but how much, how long after that remains a question

(Newser) - The holiday season is a critical one for many US retailers, and with Black Friday just two days away, it appears consumers are gearing up for a shopping spree: According to the National Retail Federation, about 182 million people are expected to open their wallets online and at brick-and-mortar stores...

Amazon Is Doubling Down on Prime Day

There'll be another sale next month, the first time company has had 2 in one calendar year

(Newser) - If one Amazon Prime Day in 2022 wasn't enough for you, you're in luck: On the heels of its annual summer sale exclusively for Prime members, Amazon is hosting another one next month. The 48-hour preholiday event, called the "Prime Early Access Sale," will take place...

On This Prime Day, 'Pain Is Considerable' for Amazon

One of company's biggest annual events comes amid excess costs, sluggish online sales growth

(Newser) - Amazon is heading into its annual Prime Day on Tuesday much differently than how it entered the pandemic. The company has long used the two-day event—one of its biggest all year—to lure people to its $139 Prime membership. Amazon doesn't disclose total Prime Day sales, though growth...

After Dr. Seuss Books Are Pulled, Demand Spikes

Other Seuss titles are topping bestseller lists, while 6 yanked ones are hot on eBay

(Newser) - A decision by the company that controls the Dr. Seuss name to no longer publish or sell six books in its portfolio doesn't seem to have hurt the brand. USA Today reports that, as of Thursday morning, Dr. Seuss books are selling like hotcakes online: On Amazon's bestseller...

For Crocs, a 'Bittersweet Moment' Amid the Pandemic

Consumers scooped up famous, easy-to-clean clogs in record sales year

(Newser) - For many retailers, 2020 was a catastrophe due to the coronavirus pandemic. For the Crocs footwear brand, it was a "bittersweet moment," per CNN Business . The sweet part: Last year was a record one in terms of sales, and the company on Monday increased its Q4 year-over-year revenue...

Goya Gets In a Dig at AOC
Goya Gets In a Dig at AOC
Dec 8, 2020 12:40 PM CST

Goya Gets In a Dig at AOC

Company names her employee of the month after her public criticism

(Newser) - Goya Foods, which bills itself as the biggest Hispanic-owned company in the US, has given one of the nation's most prominent Hispanic figures an honorary nod of sorts. But it's not one that Rep. Alexandria Ocasio-Cortez will want. Goya CEO Robert Unanue said Monday that the company sarcastically...

He Wore Gap Khakis On the Air. Now Everyone Wants Them

MSNBC correspondent Steve Kornacki's election week outfit is driving online sales

(Newser) - They call him the "Map Daddy," but Steve Kornacki may soon see his nickname change to the "Gap Daddy." The MSNBC political correspondent went viral in some circles during election week not only with his nerdy explainers on electoral math, but also with an outfit that...

This City Is Selling Off Its Swans for $400 a Pop

Lakeland, Fla., says due to overpopulation, it costs $10K a year to feed them all

(Newser) - Got an extra $400 lying around? Love swans? If you're near Lakeland, Fla., or can get there, you're in luck. CNN reports that, starting sometime in the next few weeks, the city will be selling off about half of the 80 resident swans that live on Lake Morton....

Companies Nationwide Are Suffering. Not This One

Procter & Gamble saw biggest quarterly sales in decades thanks to rush on home products

(Newser) - While many businesses are suffering during the coronavirus pandemic, one firm is seeing a surge—mainly because a good number of its products are household necessities in demand during lockdowns. The Wall Street Journal reports that Procter & Gamble saw its biggest quarterly increase in decades, with sales rising 10%...

Walmart Sells Shirts, Not Pants Amid Coronavirus

The pandemic is also affecting real estate and book sales

(Newser) - When you teleconference, no one can see your pants—and that's driving a spike in shirt sales as more Americans work at home during the coronavirus pandemic, USA Today reports. "We're seeing increased sales in tops, but not bottoms. So, people who are concerned, obviously, from the...

Year's Biggest Shopping Day Just Broke Its Own Record
In 68 Seconds,
$1B in Online Sales
UPDATED
Nov 11, 2019 1:47 PM CST

In 68 Seconds, $1B in Online Sales

China's Singles Day, world's biggest shopping event, was biggest by far this year

(Newser) - The 11th annual Singles Day has made Black Friday and Cyber Monday look quaint. CNBC reports the world's largest 24-hour shopping event took place Monday, and for Alibaba, it broke an e-commerce record, surpassing last year's record of almost $30.5 billion before the day was even through....

Costco's Big Secret: It Doesn't Play by the Rules
Costco's Big Secret:
It Doesn't Play by the Rules
in case you missed it
Jul 6, 2019 1:40 PM CDT

Costco's Big Secret: It Doesn't Play by the Rules

It could be charging way more but just doesn't

(Newser) - To say that Costco has a legion of fans is no exaggeration: More than 51 million people ponied up more than $3 billion in membership fees in 2018 to get access to the chain and its mega-discounts. At the Hustle , Zachary Crockett looks at what's driving the cultish devotion...

Tony Soprano's House Goes Up for Sale

But the 'starting price' is $3.4M, owners say

(Newser) - Want Tony Soprano's old house? Here's the email to ask . But otherwise, fuggedaboutit: The 1.5-acre property in North Caldwell, NJ, is selling for at least $3.4 million in a neighborhood where similar homes sell for about half that, the New York Times reports. Owners Patti and...

68.9% Off?! Stores With the Best Black Friday Discounts

WalletHub ranks 35 major stores by average discount

(Newser) - Black Friday is just a week and a half away, and WalletHub has the lowdown on which stores you might want to hit up. The site analyzed Black Friday ads from 35 major US retailers—comprising almost 7,000 deals—and ranked the stores by average discount. That's not...

'No Quick Fix' for Lego Sales Woes, CEO Laments

Excess inventory kept new products from moving in 2017, the first time in 13 years that profits fell

(Newser) - If you're an 8-year-old, you can never have too many Lego bricks. If you're Lego … well, maybe you can have too many Lego bricks. Excess inventory is one reason the Lego Group says it's now reporting, for the first time in 13 years, a drop in...

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