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Wednesday, October 28, 2020
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Tag: Retail industry

Amazon launches Swedish site in 1st leg of Nordic expansion

STOCKHOLM (AP) — Online retailer Amazon has launched a website in Sweden as the first leg of a long-anticipated expansion into the tech-savvy Nordic...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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...

California OKs ban of most flavored tobacco

SACRAMENTO, Calif. (AP) —...

California man gets prison for $62M military medical fraud

SANTA ANA, Calif. (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) —...

As shoppers stay away, small stores seek refuge online

NEW YORK (AP) —...

UK public debt breaches 2 trillion-pound mark for first time

LONDON (AP) — Britain's...

Target sales surge as Americans lean on big box stores

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...

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...

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...

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)...

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...

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....

LL Bean inks first wholesaler partnerships in US

FREEPORT, Maine (AP) —...

Rising coronavirus infections threaten US economic recovery

BALTIMORE (AP) — Rising...

Mary Trump book already nearing 1 million sales

NEW YORK (AP) —...

US retail sales jump 7.5% in June, but economy still ails

BALTIMORE (AP) — U.S....

China becomes first economy to grow since virus pandemic

BEIJING (AP) — China...

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