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New auto sales, prices rise as chip shortage cuts US supply

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U.S. consumers continued to spend wildly on new automobiles in the second quarter, pushing sales up 50.2% over last year despite tight dealer inventories...

Walgreens tops fiscal 3Q forecasts as recovery continues

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Walgreens earnings surged past Wall Street expectations for the fiscal third quarter, as the drugstore chain continued to rebuild sales hurt by the COVID-19...

H&M says sales up 75% as more people get vaccinated

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STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB said Tuesday sales had increased 75% in Q2 and early June, affecting both online purchases...

GM exec: company to announce more battery plants this week

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DETROIT — The president of General Motors says his company plans to announce more U.S. battery factories later this week. ...

Vinyl records surge during pandemic, keeping sales spinning

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PORTLAND, Maine — Vinyl record sales surged during the pandemic as music lovers fattened their collections, and audio cassettes began a comeback as well,...

Best Buy raises 2021 comparable store sales expectations

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NEW YORK — Three months after saying that comparable store sales may actually fall in 2021, Best Buy on Thursday released a much more...

Target’s 1Q profit surges as shoppers go out and spend

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NEW YORK — Target Corp. on Wednesday reported that its sales and profits surged in its fiscal first quarter thanks to shoppers eager to...

Walmart blows past expectations for the first quarter

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NEW YORK — Walmart blew past Wall Street projections in the first quarter with U.S. stimulus payments to Americans helping to boost sales and...

Retailer results so far show people are going out, spending

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NEW YORK — At Walmart, sales of teeth whitener are popping as customers take their masks off. So are travel items. Macy's says that...

General Mills dives deeper into the pet business

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SILVER SPRING, Md. — General Mills is diving further into the red-hot pet food market, acquiring Tyson Foods' animal treat business for $1.2 billion...