Advertisement
HomeCollectionsSales Rose
IN THE NEWS

Sales Rose

BUSINESS
By Trif Alatzas and Trif Alatzas,SUN STAFF | September 26, 2003
Thirty-year mortgage rates have slipped below 6 percent nationally - a drop that promises to keep fueling the red-hot housing market as it remains a key fixture in propping up the economy. The benchmark 30-year rate dipped to 5.98 percent this week, Freddie Mac reported, the lowest level in eight weeks. The drop came as two reports released yesterday showed that August sales for new and existing homes continued on pace to post a third consecutive record year. The National Association of Realtors said sales of existing homes rose 5.5 percent to a seasonally adjusted rate of 6.47 million homes this year.
Advertisement
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | August 14, 2003
Armed with renewed optimism, and some tax rebate checks, American consumers splurged last month on electronics, appliances, clothing and cars, boosting retail sales to their biggest gain in four months. Apparently not cowed by employment anxieties, shoppers spent $317.2 billion in stores, restaurants and auto dealerships, a 1.4 percent jump over June. It was the biggest increase since sales catapulted 2.3 percent in March, the U.S. Department of Commerce reported yesterday. Excluding automobiles and parts, retailers' sales rose 0.8 percent.
BUSINESS
By BLOOMBERG NEWS | July 2, 2003
DETROIT - General Motors Corp.'s U.S. auto sales rose 1.5 percent last month from a year earlier and Ford Motor Co.'s were unchanged as the largest U.S. automakers fell short of analyst forecasts while boosting incentive spending from May. DaimlerChrysler AG's Chrysler unit, third-biggest in the United States, rose 6.3 percent, more than analysts expected. Toyota Motor Corp. reported an 11 percent increase and Nissan Motor Co. said its sales gained 22 percent, as the Japanese automakers spent less than U.S.-based rivals on incentives.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | April 10, 2003
Retailer Jos. A. Bank Clothiers Inc. said yesterday that same-store sales rose 2.4 percent in March, one sign that first-quarter profit will likely be up over last year's. The Hampstead-based men's apparel chain said sales rose 12.2 percent, to $23.9 million, in the fiscal month that ended April 5, compared with $21.3 million in March 2002. Combined catalog and Internet sales rose 3.7 percent in March, the company said. "Despite a difficult economy and consumer anxieties regarding the war in Iraq, we continue to have sales increases that are among the best in the industry," said Robert N. Wildrick, Bank's chief executive officer.
BUSINESS
By Trif Alatzas and Trif Alatzas,SUN REAL ESTATE EDITOR | February 11, 2003
Baltimore metropolitan area homebuyers kept on spending in January, pushing existing-home prices up almost 17 percent and continuing last year's record sales pace. Sales in the five-county area and Baltimore rose 9.89 percent, compared with the corresponding period a year ago, to 2,467 units, according to figures released yesterday by Metropolitan Regional Information Systems Inc., the listing service used by agents and brokers. The average sale price in the five-county area and Baltimore rose 16.98 percent, compared with January 2002, to $194,993.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | February 7, 2003
Hampstead-based Jos. A. Bank Clothiers Inc. continued a streak of monthly sales increases in January, reporting a nearly 10 percent jump in same-store sales. The men's apparel chain reported total sales of $15.4 million for the fiscal month that ended Feb. 1, a 20.3 percent increase over sales of $12.8 million in January 2002. Last month's sales figure marked a record for any four-week January - as opposed to a fiscal January including five weeks - in the retailer's history. Same-store sales (sales at stores open at least a year and considered the best gauge of a retailer's performance)
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | January 23, 2003
Bethlehem Steel Corp. reported a narrower fourth-quarter loss yesterday due to higher prices and a better product mix, but low seasonal demand, a weak economy, and retirees' pension and health care costs continued to weigh heavily on its bottom line. The steelmaker reported a $439 million loss, or $3.35 per share, on sales of $896.6 million for the three months that ended Dec. 31. That compared with a loss of $557 million, or $4.27 per share, on revenue of $719.9 million for the year-earlier period.
BUSINESS
By BLOOMBERG NEWS | January 17, 2003
ARMONK, N.Y. - International Business Machines Corp., the world's largest seller of computers and related services, said its fourth-quarter sales rose 7 percent, but its profit dropped because of acquisition costs. Profit from continuing operations declined 26 percent to $1.91 billion, or $1.11 a share, from $2.57 billion, or $1.46, in the fourth quarter of 2001, IBM said. Sales increased to $23.7 billion from $22.1 billion, helped by the October purchase of PricewaterhouseCoopers LLP's business consulting unit.
BUSINESS
By BLOOMBERG NEWS | November 30, 2002
SAN JOSE, Calif. - Worldwide sales of semiconductors rose 1.8 percent in October from the previous month, indicating that demand is recovering, an industry group said yesterday. Sales rose to $12.5 billion in October from $12.3 billion a month earlier, boosted by demand for chips used in mobile phones, the Semiconductor Industry Association said in a report. Chip sales posted their steepest decline last year, and the trade group lowered its 2002 sales forecast earlier this month. Sales rose 20 percent in October from a year earlier, and the association predicted a "normal" pattern for year-end orders.
BUSINESS
By BLOOMBERG NEWS | October 26, 2002
ZAANDAM, Netherlands - Royal Ahold NV, the world's largest food distributor, said yesterday that sales growth slowed in the third quarter as U.S. consumers spent less in grocery stores. Shares of the Dutch company fell 8.1 percent. Sales rose 5.8 percent to 16.4 billion euros ($16 billion), helped by the $2.2 billion acquisition of Alliant Foodservice, said spokeswoman Annemiek Louwers. That's slower than the 7.3 percent gain in the second quarter and 22 percent in the first. The United States accounts for about 60 percent of the sales of the Dutch owner of Landover-based Giant Food Inc. and U.S. Foodservice of Columbia.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.