Sales

Chinese automaker BYD is planning to hand out more than $280 million to boost its sales. The money will be paid out to Chinese dealerships as rewards for those that met their 2023 sales targets, according to Reuters citing dealers with knowledge of the matter. The company sold a total of 3 million electric cars […]

DETROIT—Steep price cuts helped electric vehicle maker Tesla Inc. increase its fourth-quarter vehicle sales by almost 20 percent as EV sales growth slowed across the industry. The Austin, Texas, company said Tuesday that it sold 484,507 vehicles worldwide from October through December. That handily beat Wall Street estimates of 473,000 for the quarter, according to […]

Data shows China’s average home sales during the three days in the New Year fell 26 percent compared to the same time last year—the most in smaller cities dropping as much as 50 percent, according to a survey conducted by one of China’s largest independent real estate researchers.  

COLUMBIA, S.C.—A sporting goods chain is paying the families of three people shot to death by a South Carolina serial killer $2.5 million after one of its stores sold guns to a straw buyer who gave them to the killer, a felon who couldn’t legally buy the weapons. At times, Todd Kohlhepp stood near the […]

NEW YORK—Retailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements. But executives are growing concerned with a spending slowdown that could temper sales on the day after Thanksgiving as well as throughout the holidays. Shoppers, powered by a solid job market and […]

The U.S. Food and Drug Administration (FDA) issued warning letters to eight companies for manufacturing or selling unapproved eye products, which the agency says is “in violation of federal law.” The warning letters cited concerns about eye products manufactured by the firms which are “illegally marketed” to treat multiple conditions like conjunctivitis or “pink eye,” […]

North Korean leader Kim Jong Un is believed to have crossed in Russia on his armored private train, South Korea’s defense ministry said on Tuesday, amid warnings from Washington against North Korea engaging in an arms deal with Russia. The Kremlin said on Monday that Mr. Kim was visiting Russia “at the invitation of President […]

Salesforce has created the world’s first generative AI program for its popular customer relationship management tools. The company said on March 7 that it will release software incorporating artificial intelligence to help salespeople, customer service agents, and marketers.

Walmart is forecasting slower sales and profit growth this year due to inflation. This comes after the retail giant’s recent announcement that it will raise its minimum wage from $12 to $14 an hour amid a tight labor market. NTD spoke to Sarah Wyeth, Consumer & Retail Sector Lead at S&P Global Ratings, for her […]

The Florida Supreme Court on Jan. 19 upheld a state law banning local governments from implementing restrictions on the sale of guns and ammunition. Under Florida law passed in 1987, cities and counties are not allowed to create restrictions on guns that are stricter than state law, also known as “preemption” of local gun laws. Those who do […]

NEW YORK—Americans cut back on spending in December, the second consecutive month they’ve done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season. Retail sales fell a worse-than-expected 1.1 percent in December, following a revised 1 percent drop in November, the Commerce Department reported […]

The PC industry faced a significant slump in sales in 2022. NTD has an update on the numbers and what the future might hold for the industry.  

Florida’s new Commissioner of Agriculture Wilton Simpson wants to restrict the sale of The Sunshine State’s farmland to foreign countries after increasing concerns about what foreign buyers—namely Chinese companies closely affiliated with the Chinese Communist Party (CCP)—are doing with the agricultural land once they purchase it. Food costs and supply are becoming a point of […]

WASHINGTON—Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, particularly lower income households, to make harder decisions about what they buy. Retail sales fell 0.6 percent from October to November after a sharp 1.3 percent rise the previous month, the […]

Montana Attorney General Austin Knudsen, together with 17 other state attorneys general, has demanded that shipping companies UPS and FedEx explain their newly implemented policies to track and record Americans’ firearms purchases, and disclose whether these policies have been coordinated with the Biden administration. In letters sent on Nov. 29 to FedEx CEO Raj Subramaniam […]

Walmart had strong sales growth in its third-quarter earnings report released this week owing to its cheaper groceries. The world’s largest retailer’s strategy this year is to offer savings throughout the season, giving consumers a head-start on their holiday shopping. It has rolled out some early deals before Black Friday.

WASHINGTON—Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail sales rose 1.3 percent in October from September, up from a flat reading in September from August. […]