Posts in tag

sales figures


Walmart Inc.’s WMT 1.86% sales continued to rise during the spring quarter though at a slower pace than earlier in the Covid-19 outbreak, as some consumers returned to more typical shopping patterns and U.S. government stimulus stoked spending. Comparable sales, those from U.S. stores and digital channels operating for at least 12 months, rose 6% …

Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk’s crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to “rapidly increasing use of fossil fuels” mining the digital asset. Musk’s announcement rippled through the crypto markets, sending …

WASHINGTON—The House passed the first of a pair of gun-control bills, a priority for Democratic leaders impatient over years of little success on the issue amid broad Republican opposition. The vote was 227 to 203 on a measure to expand background checks to nearly all gun sales. Eight Republicans supported the bill, while one Democrat …

Walmart Inc. is reaping the rewards of being one of few retailers positioned to successfully navigate a global pandemic, reporting a surge in quarterly sales as consumers turned to its giant stores to stock up on food and household goods. The country’s largest retailer said U.S. comparable sales, those from stores and digital channels operating …

United Technologies Corp. raised its profit outlook for the year as it recorded higher quarterly earnings and revenue driven largely by its 2018 acquisition of airplane-parts maker Rockwell Collins Inc. For the full year, the Farmington, Conn., aerospace company now expects adjusted per-share earnings to be between $8.05 and $8.15, up from its previous outlook …

Text size Photograph by Samuel Sianipar Plumbing and heating firm Ferguson has been undervalued due to poor performance at its British business, but a new activist shareholder and a plan to separate operations could boost the stock. The United Kingdom–listed firm (ticker: FERG.UK) generates 90% of its sales in the U.S. In June, activist Nelson …

Teen retailer Forever 21 Inc. plans to file for bankruptcy as soon as Sunday, according to people familiar with the matter, as slow sales, online rivals and changing consumer habits take a rising toll on many bricks-and-mortar chains. Retailers closed more stores from January to June—more than 7,000—than they did in all of 2018, according …

Otis Elevator Co. has come a long way from being an elevator pioneer in the 1850s. Today, the company’s elevators and escalators carry two billion people daily, and technology is driving sales and servicing of equipment. As high-rises keep growing taller, more connected and more efficient, there is increasing pressure on Otis and rival elevator …