Tag: Retail and wholesale
Australia’s second-largest city ends 111-day virus lockdown
MELBOURNE, Australia (AP) — Coffee business owner Darren Silverman pulled his van over and wept when he heard on the radio that Melbourne’s pandemic...
Johnson jump-starts IndyCar move with online auto retailer
ST. PETERSBURG, Fla. (AP) — Jimmie Johnson needed funding for his move to IndyCar so the seven-time NASCAR champion transitioned into a salesman for...
Walmart sues US in pre-emptive strike in opioid abuse battle
NEW YORK (AP) — Walmart is suing the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse...
Gap Inc. exiting malls, to shutter 350 stores by 2024
NEW YORK (AP) — Gap Inc. is moving away from the nation’s malls.
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JC Penney sees bankruptcy protection exit by Christmas
NEW YORK (AP) — J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens...
California jobless rate dips as jobs added despite pandemic
SACRAMENTO, Calif. (AP) — California has regained more than a third of the 2.6 million nonfarm jobs the nation's most populous state lost to...
Feds planning now to get coronavirus shots to nursing homes
WASHINGTON (AP) — Federal health officials on Friday unveiled a plan to get yet-to-be-approved coronavirus vaccines to nursing home residents free of charge, enlisting...
A late slide erases gains for US indexes, leaving them mixed
Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to...
US retail sales grow for 5th month in a row
NEW YORK (AP) — Retail sales rose strongly in September, the fifth consecutive month of growth, as Americans spent more on clothing, cars and...
Shares of Chinese retailer Miniso rise in Wall Street debut
HONG KONG (AP) — Shares of Miniso Group Holding finished higher Thursday in their first day of trading on Wall Street but ended well...
Drugstore chain Walgreens rebounds with $373M profit in 4Q
COVID-19 took another bite out of Walgreens Boots Alliance quarterly numbers but this time left behind better-than-expected earnings.
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Walmart to spread out deals to avoid Black Friday crowds
NEW YORK (AP) — Walmart says it will spread out its traditional one-day Black Friday deals over three weekends in November in an effort...
A taste for travel? Finnair to sell plane food in shops
HELSINKI (AP) — Finnish carrier Finnair will start selling business class airplane food in supermarkets in a move to keep its catering staff employed...
Indie bookstores launch anti-Amazon ‘Boxed Out’ campaign
NEW YORK (AP) — With many independent bookstore owners facing the most dire financial crisis in their lifetimes, the American Booksellers Association has teamed...
UK sheep farmer jailed for contaminated baby food plot
LONDON (AP) — A sheep farmer was sentenced to 14 years in prison Monday for his plot to use baby food laced with metal...
The Latest: 26 nations urge US to lift sanctions amid virus
UNITED NATIONS -- China and 25 other nations have called for the immediate lifting of sanctions by the United States and Western countries to...
Pandemic pushes start of holiday shopping earlier than ever
NEW YORK (AP) — Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic. Retailers are kicking off...
Walmart to sell UK chain Asda in $8.8 billion deal
LONDON (AP) — Retail giant Walmart has agreed to sell its British chain of supermarkets, Asda, to the investors behind an international group of...
Asia shares mixed in thin holiday trading after Wall St gain
Asian shares were mixed Friday in thin holiday trading, with markets in South Korea, Shanghai and Hong Kong closed.
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Amazon: Nearly 20,000 workers tested positive for COVID-19
NEW YORK (AP) — Amazon said Thursday that nearly 20,000 of its front-line U.S. workers have tested positive or been presumed positive for the...
High demand for flu shots? Experts hope to avoid ‘twindemic’
October is prime time for flu vaccinations, and the U.S. and Europe are gearing up for what experts hope is high demand as countries...
German privacy watchdog fines H&M $41M for spying on workers
BERLIN (AP) — A German privacy watchdog said Thursday that it is fining clothing retailer H&M 35.3 million euros ($41 million) after the company...
James, Herro see popularity rise in the NBA playoffs
LAKE BUENA VISTA, Fla. (AP) — LeBron James’ popularity, even in his 17th season, cannot be argued.
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California governor vetoes bill to aid low-income immigrants
SACRAMENTO, Calif. (AP) — Gov. Gavin Newsom has vetoed a bill that would have authorized California to give low-income immigrants $600 to buy groceries.
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Amazon sees broad audience for its palm recognition tech
SEATTLE (AP) — Amazon has introduced new palm recognition technology in a pair of Seattle stores and sees a broader potential audience in stadiums,...
California expands financial protections after US rollback
SACRAMENTO, Calif. (AP) — California on Friday created what supporters call its own nation-leading, state-level version of the federal Consumer Financial Protection Bureau after...
BMW fined $18 million for inflating monthly US sales figures
DETROIT (AP) — BMW will pay an $18 million fine to settle allegations that it inflated its monthly U.S. sales numbers for five straight...
Woodward’s ‘Rage’ sells 600,000 copies in first week
NEW YORK (AP) — Bob Woodward's “Rage” sold more than 600,000 copies in its first week of publication, continuing a yearlong wave of blockbuster...
Asian shares take breather after Wall Street gains
Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook.
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Abu Dhabi, UAE’s conservative capital, ends alcohol licenses
DUBAI, United Arab Emirates (AP) — Abu Dhabi, the conservative capital of the United Arab Emirates, is eliminating its licensing system for alcohol purchases...
Petalo, not Charmin: Virus brings Mexican toilet paper to US
NEW YORK (AP) — Toilet paper is back on store shelves. But you may not recognize some of the brands.
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Retail sales rise for 4th straight month as growth slows
NEW YORK (AP) — Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs...
FedEx’s profit jumps as residential deliveries soar
NEW YORK (AP) — FedEx's profit jumped 67% in its latest quarter, as online shopping soared among customers avoiding stores and shipments between businesses...
Asian markets mixed after Wall Street rises on dealmaking
Asian stocks were mixed Tuesday after Wall Street rose on a flurry of corporate deals and China's economic activity improved.
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Average US gas price edges up 2 pennies to $2.26 per gallon
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline edged up about 2 cents over the past three weeks to $2.26 per...
Pioneering British designer Terence Conran dies at age of 88
LONDON (AP) — Terence Conran, the pioneering British designer, retailer and restaurateur, has died. He was 88.
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Ex-Baltimore mayoral aide gets prison in book sales scam
A former aide who helped ex-Baltimore Mayor Catherine Pugh fraudulently sell her self-published children’s books to nonprofits was sentenced Friday to more than two...
Dueling over diamonds: LVMH says Tiffany not worth buyout
PARIS (AP) — It's an ugly spat for such a glamorous industry: French luxury powerhouse LVMH and U.S. jeweler Tiffany & Co. are blaming...
Luxury goods giant LVMH cancels $14.5B deal for Tiffany
NEW YORK (AP) — Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had...
Mall owners close to buying JC Penney out of bankruptcy
NEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C....
South African protesters close stores over offensive ad
JOHANNESBURG (AP) —
Protests...
EU share of electric cars grew during virus lockdown months
FRANKFURT, Germany (AP) —...
Macy’s posts $431 million loss as sales drop 36%
NEW YORK (AP) —...
Health officials worry nation not ready for COVID-19 vaccine
Millions of Americans are...
15 years later, Walmart to launch its answer to Amazon Prime
NEW YORK (AP) —...
What does Walmart see in TikTok? Millions of young shoppers
NEW YORK (AP) —...
California OKs ban of most flavored tobacco
SACRAMENTO, Calif. (AP) —...
Oil and gas industry assesses damage at refineries, plants
NEW YORK (AP) —...
California man gets prison for $62M military medical fraud
SANTA ANA, Calif. (AP)...
No sweat: Dick’s crushes 2Q as consumers focus on fitness
At home workouts and...
Nordstrom’s 2Q sales down 53% hurt by pandemic fallout
NEW YORK (AP) —...
California closer to banning sale of most flavored tobacco
SACRAMENTO, Calif. (AP) —...
Offshore oil and gas production is crimped by Gulf storms
Oil and gas production...
Average US gas price remains steady at $2.25 per gallon
CAMARILLO, Calif. (AP) —...
Black-owned bookstores want action after influx in business
PHOENIX (AP) — A...
As shoppers stay away, small stores seek refuge online
NEW YORK (AP) —...
LA prosecutor files charges in May explosion that injured 12
LOS ANGELES (AP) —...
Longtime Amazon executive Jeff Wilke to retire next year
NEW YORK (AP) —...
UK public debt breaches 2 trillion-pound mark for first time
LONDON (AP) — Britain's...
Study: Craft distillers see sales evaporate amid pandemic
LOUISVILLE, Ky. (AP) —...
Farmer found guilty of contaminating baby food for blackmail
LONDON (AP) — A...
Target sales surge as Americans lean on big box stores
NEW YORK (AP) —...
Virus-induced spending spurs sales at Home Depot, Walmart
NEW YORK (AP) —...
Coin shortage hits retailers, laundromats, tooth fairy
A convenience store chain...
Path to Home Depot becomes familiar for millions in pandemic
Millions of people forced...
As virus cases fall, South Africa allows liquor sales
JOHANNESBURG (AP) — South...
UK retailer Marks & Spencer cuts 7,000 jobs due to pandemic
LONDON (AP) — British...
South Africa opens as virus cases fall, allows liquor sales
JOHANNESBURG (AP) — South...
Stocks barely budge on Wall Street; S&P 500 just shy of high
NEW YORK (AP) —...
US retail sales rise for 3rd month but slowdown expected
WASHINGTON (AP) — Americans...
Chicago convenience store ransacked twice since May
Security cameras captured the...
China factory output flat, retail sales slip in July
BEIJING (AP) — China's...
Asian shares mixed on weak China data, worries over pandemic
TOKYO (AP) — Asian...
Stein Mart files for bankruptcy; to close nearly 300 stores
ST. PETERSBURG, Fla. (AP)...
US gas prices remain steady at $2.25/gallon
CAMARILLO, Calif. (AP) —...
Judge rejects pharmacy chains’ bid to toss opioid suits
CLEVELAND (AP) — Lawsuits...
CVS posts strong 2Q, with virus delaying elective procedures
CVS Health reported surprisingly...
Japan’s Honda reports loss in April-June as virus hits sales
TOKYO (AP) — Japanese...
Beyond Meat’s 2Q sales jump as more try plant-based burgers
More people are throwing...
Sale of Speedway gas stations buys Marathon breathing room
SILVER SPRING, Md. (AP)...
As US milk sales rise amid pandemic, “Got milk?” ads return
The dairy industry has...
Retail rout gains pace, Lord & Taylor seeks bankruptcy
NEW YORK (AP) —...
Trader Joe’s says no to changing ethnic-sounding label names
LOS ANGELES (AP) —...
Record surge in daily shipping volumes for UPS in 2Q
The pandemic-fueled boom in...
Asian stocks gain after Fed keep US interest rates low
BEIJING (AP) — Asian...
The Latest: Zuckerberg questioned on viral misinformation
WASHINGTON (AP) — The...
Starbucks says it sees better times ahead as stores reopen
Starbucks' revenue shrank 38%...
McDonald’s facing uneven recovery, 2Q sales down 30%
Business did improve for...
Target joins Walmart in ending Thanksgiving store shopping
NEW YORK (AP) —...
Walgreens lost $1.7B in 3Q as global pandemic tightened grip
The coronavirus pandemic pushed...
Average US gas price up a penny over 2 weeks to $2.25/gallon
CAMARILLO, Calif. (AP) —...
Ann Taylor owner files for Chapter 11 bankruptcy
NEW YORK (AP) —...
FDA calls for removal of fruity, disposable e-cigarettes
WASHINGTON (AP) — U.S....
Whole Foods sued by workers for barring BLM face coverings
BOSTON (AP) — Whole...
LL Bean inks first wholesaler partnerships in US
FREEPORT, Maine (AP) —...
Animal print, beads or plain black, masks become about style
SALEM, Ore. (AP) —...
Baseless Wayfair child-trafficking theory spreads online
CHICAGO (AP) — The...
Rising coronavirus infections threaten US economic recovery
BALTIMORE (AP) — Rising...
List of national retail chains requiring masks is growing
NEW YORK (AP) —...
Mary Trump book already nearing 1 million sales
NEW YORK (AP) —...
