nordstrom

VW brand sales fall 5.3 percent in first full month of scandal

BERLIN (Reuters) – Volkswagen brand sales fell 5.3 percent in October, the first full month after Europe's biggest carmaker was found cheating diesel emissions tests in the United States. Deliveries of VW brand vehicles dropped to 490,000 cars from 517,400 a year ago, the eighth straight monthly drop at VW's biggest autos division by sales and revenue, the carmaker said on Friday. “The VW brand is experiencing challenging times,” sales chief Juergen Stackmann said. “We not only

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VW brand sales fall 5.3 percent in first full month of scandal

nordstrom

J.C. Penney sales beat, helped by home goods and Sephora

Macy's Inc and Nordstrom Inc , whose customers tend to be more affluent than Penney's, both cut their full-year forecasts this week after reporting disappointing results. J.C. Penney's gross margin rose by 70 basis points to 37.3 percent, helped by improved clearance and promotional selling margins as well as supply chain efficiencies. Net sales rose 4.8 percent to $2.90 billion.

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J.C. Penney sales beat, helped by home goods and Sephora