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January 16, 2021

SALES

Apple CEO Tim Cook’s new cash bonus sweetener not tied to bigger sales or profits

CNBC
CNBC – For more and to sign up click here Apple chief executive Tim Cook interacts with Year 2 pupils in a classroom, during a visit to Woodberry Down Community Primary School in Harringay, north London, to view how the school, which is part of the New Wave Federation group......

TREASURIES-Yields fall on weak retail sales, Biden tax fears

Reuters
(Adds fresh prices, Gundlach tweet) By Karen Brettell and Herbert Lash NEW YORK, Jan 15 (Reuters) - U.S. Treasury yields fell on Friday after retail sales data came in below economists' expectations and following President-elect Joe Biden's proposed $1.9 trillion stimulus program. Yields jumped ahead of Biden’s announcement late on......

With a lot of optimism and vaccine hopes, U.S. auto sales could increase as much as 10% in 2021

CNBC
CNBC – For more and to sign up click here A car dealer shows a vehicle to customers at a dealership in Jersey City, New Jersey. Angus Mordant | Bloomberg | Getty Images U.S. automakers are suffering from the deepest sales decline in decades, the country is still politically divided......

Nordstrom shares drop as retailer says holiday sales tumbled 22%

CNBC
CNBC – For more and to sign up click here A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim |......

Target’s holiday same-store sales jump 17% as it holds on to some of its pandemic gains

CNBC
CNBC – For more and to sign up click here Target said Wednesday comparable sales rose 17.2% in November and December, as customers bought matching pajamas and gingerbread house kits to celebrate a cozy holiday at home during the pandemic. While online sales remained robust, shoppers also visited Target’s stores......

Urban Outfitters shares tumble on disappointing holiday sales, retailer taps Harrington as CEO

CNBC
CNBC – For more and to sign up click here Shoppers with their Urban Outfitters shopping bags in Soho in New York Richard Levine | Corbis | Getty Images Urban Outfitters shares tumbled Tuesday after the apparel retailer reported disappointing holiday sales and announced its current chief executive is set......

Retail sales in 2020 worst on record, says BRC trade body

BBC
https://www.bbc.co.uk/news/business-55625246 The BRC’s sales monitor is collated with the consultancy KPMG, whose UK head of retail, Paul Martin, said: “In the most important month for the retail industry, there was some positive growth due to the ongoing shift of expenditure from other categories such as travel and leisure. BBC –......

Crocs shares soar on raised sales outlook through 2021

CNBC
CNBC – For more and to sign up click here Victor J. Blue | Bloomberg | Getty Images Crocs shares soared Monday after the retailer raised its outlook for the fourth quarter, and said it expects sales in 2021 to accelerate as much as 25%, building on the brand’s momentum......

Lululemon forecasts fourth-quarter earnings and sales at the top end of outlook thanks to strong holidays

CNBC
CNBC – For more and to sign up click here Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon said Monday it’s now expecting earnings and sales for the fourth quarter to come in at the high......

Samsung Elec flags fourth quarter profit rise on chip, display sales

Reuters
By Joyce Lee, Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its fourth quarter operating profit likely rose 26% as coronavirus pandemic driven remote working and TV-watching fuelled sales of chips and display panels. FILE PHOTO: The logo of Samsung Electronics is seen at its office......

Walgreens shares surge after its earnings top estimates, fueled by higher drug sales

CNBC
CNBC – For more and to sign up click here People wear protective face masks outside Walgreens pharmacy in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 24, 2020 in New York City. Noam Galai | Getty......

Bed Bath & Beyond shares plummet as retailer’s earnings fall short; store closures, divestitures weigh on sales

CNBC
CNBC – For more and to sign up click here Bed Bath & Beyond shares plummeted Thursday, after the retailer reported a quarterly sales decline of 5% from a year ago, which it said was largely due to the sale of non-core assets like Cost Plus World Market and ongoing......

Apple touts record App Store holiday sales as tensions with software companies rise

CNBC
CNBC – For more and to sign up click here A customer exits after picking up Apple’s new 5G iPhone 12 that went on sale, as the coronavirus disease (COVID-19) outbreak continues, at an Apple Store in Brooklyn, New York, October 23, 2020. Brendan McDermid | Reuters Apple‘s App Store......

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