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Berkshire Hathaway Retail Sales Rise in Second Quarter
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Berkshire Hathaway Retail Sales Rise in Second Quarter
Revenue from the retail division of Warren Buffett’s Berkshire Hathaway conglomerate rose in the second quarter, even as overall demand waned. The unit — which includes jewelry chains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler — saw a sales increase of 6% year on year to $5.01 billion, the company reported recently. Pretax earnings for retail grew 12% to $376 million. The increase primarily stems from greater demand for new and used car…
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