Latest Retail and wholesale News

More than a million oven gloves are being recalled after consumers report 92 minor burns

Dec. 06, 2024 10:53 AM EST

NEW YORK (AP) — More than one million pairs of oven gloves are being recalled due to a burn hazard, after dozens of injury reports. Video and e-commerce retailer QVC is recalling about 1.1 million of its “Temp-tations Oven Gloves” because they fail to provide sufficient heat...

Chinese online retailer Temu suspended in Vietnam

Dec. 05, 2024 03:36 AM EST

HANOI, Vietnam (AP) — Vietnam has suspended the operations of Chinese online retailer Temu after it failed to meet a government deadline to register the company by the end of November. It is unclear if Temu, a unit of Chinese e-commerce giant Pinduoduo, will be allowed to resume...

Taylor Swift 'Eras' tie-in book is a smash, selling more than 800,000 copies in first weekend

Dec. 04, 2024 22:15 PM EST

NEW YORK (AP) — Just one retail chain was enough for Taylor Swift to have the top-selling book last week and the biggest publishing launch of 2024. According to Circana, Swift's “Eras Tour Book” sold 814,000 copies over the Thanksgiving holiday weekend. Circana tracks around...

Zealous tourists are unfazed by South Korea's sudden martial law turmoil

Dec. 04, 2024 09:06 AM EST

SEOUL, South Korea (AP) — Many tourists in Seoul seemed largely unfazed by the political turmoil unfolding in the capital as they flocked Wednesday to the city’s largest palace, local landmarks and shopping streets. Some awoke to worried text messages from friends and family, who...

Nearly 30% of US drugstores closed in one decade, study shows

Dec. 03, 2024 18:10 PM EST

Nearly three out of 10 U.S. drugstores that were open during the previous decade had closed by 2021, new research shows. Black and Latino neighborhoods were most vulnerable to the retail pharmacy closures, which can chip away at already-limited care options in those communities,...

Former Abercrombie CEO's partner pleads not guilty to sex trafficking charges, is freed on bond

Dec. 03, 2024 16:28 PM EST

CENTRAL ISLIP, N.Y. (AP) — Matthew Smith, the partner of former Abercrombie & Fitch CEO Mike Jeffries, was released on $10 million bond Tuesday in their sex trafficking case with conditions including home detention and GPS monitoring. Smith, 61, pleaded not guilty to sex...

Cyber Monday shoppers expected to set a record on the year's biggest day for online shopping

Dec. 02, 2024 18:31 PM EST

Consumers in the United States are scouring the internet for online deals as they look to take advantage of the post-Thanksgiving shopping marathon with Cyber Monday. Even though e-commerce is now part and parcel of many people's regular routines and the holiday shopping season,...

Stock market today: Rising tech stocks pull Wall Street to another record

Dec. 02, 2024 17:14 PM EST

NEW YORK (AP) — Technology stocks pulled Wall Street to another record amid a mixed Monday of trading. The S&P 500 rose 0.2% from its all-time high set on Friday to post a record for the 54th time this year. The Dow Jones Industrial Average fell 128 points, or 0.3%, while the...

Can AI chatbots make your holiday shopping easier?

Dec. 02, 2024 16:49 PM EST

Tired of thinking about what gifts to get everyone this year? Artificial intelligence chatbots might help, but don't expect them to do all the work or always give you the right answers. Anyone scouring the internet for Cyber Monday deals is likely going to encounter more...

Shopping on Shein and Temu for holiday gifts? You're not the only one.

Dec. 01, 2024 07:32 AM EST

Shopping on Temu can feel like playing an arcade game. Instead of using a joystick-controlled claw to grab a toy, visitors to the online marketplace maneuver their computer mouses or cellphone screens to browse colorful gadgets, accessories and trinkets with prices that look too good to refuse. ...