Latest Retail industry News

NJ advances bill banning single-use plastic, paper bags

Dec. 5, 2019 5:57 PM EST

TRENTON, N.J. (AP) — New Jersey lawmakers advanced legislation Thursday to ban single-use plastic and paper bags, as well as plastic foam containers commonly used for takeout. The Democrat-led Senate Budget Committee passed the measure after it was amended behind closed doors. The bill's sponsors call it...

Kroger, Sage take losses while Five Below, Acadia advance

Dec. 5, 2019 5:02 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: United Airline Holdings Inc., down 31 cents to $87.86 The airline said CEO Oscar Munoz is stepping down from his post and named J. Scott Kirby as its new leader. Kroger Co., down 84 cents to $26.80 The supermarket chain's...

Markets Right Now: Stocks end a wobbly day slightly higher

Dec. 5, 2019 4:21 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending a wobbly day slightly higher on Wall Street as traders wait for more news on trade talks between the U.S. and China. Gains for technology companies and banks outweighed losses in energy and other...

US report: Prescription drug prices down slightly last year

Dec. 5, 2019 4:03 PM EST

WASHINGTON (AP) — Prices for prescription drugs edged down by 1% last year, a rare result driven by declines for generics and slow, low growth in the cost of brand-name medications, the government said Thursday. Though modest, it was the first such price drop in 45 years, according to nonpartisan economic...

Governor opposes state barring local bans on plastic bags

Dec. 5, 2019 3:02 PM EST

COLUMBUS, Ohio (AP) — Ohio’s governor wants state lawmakers to drop bills that would prohibit local governments from forbidding the use of plastic bags. Gov. Mike DeWine opposes a pair of bills offered by fellow Republicans that would forbid municipalities and counties from banning single-use...

Pier 1 Imports announces closure of Hawaii locations

Dec. 5, 2019 10:07 AM EST

KAILUA-KONA, Hawaii (AP) — Retailer Pier 1 Imports Inc. plans to close its seven stores across Hawaii including three on Oahu and two locations on the Big Island, officials said. The company expects the stores to close in early 2020, West Hawaii Today reported Wednesday. The timing of closures will vary...

NYC lawmakers to consider cracking down on paper receipts

Dec. 4, 2019 4:58 PM EST

NEW YORK (AP) — New York City lawmakers are considering a ban on paper receipts coated with the chemical BPA and a requirement that retailers offer emailed receipts instead of paper ones. The City Council announced last week that it will hold hearings on a package of bills aimed at cracking down on paper...

Michigan Legislature OKs taxes on out-of-state online sites

Dec. 4, 2019 2:10 PM EST

LANSING, Mich. (AP) — Many out-of-state websites that facilitate online sales in Michigan would have to collect and remit the state's 6% sales tax under bills that won final legislative approval Wednesday and that could generate an additional $80 million to $120 million in revenue per year. Much of that...

North Carolina lottery takes step toward more online sales

Dec. 3, 2019 6:18 PM EST

RALEIGH, N.C. (AP) — North Carolina lottery leaders took a key step Tuesday toward expanding online sales, but left themselves a way out if they aren’t satisfied with the details or face opposition from brick-and-mortar retailers or politicians. The state lottery commission voted for the idea of...

Still on top: Cyber Monday sales on track to hit record

Dec. 2, 2019 3:47 PM EST

NEW YORK (AP) — Cyber Monday is still holding up as the biggest online shopping day of the year, even though many of the same deals have been available online for weeks and the name harks back to the days of dial-up modems. Shoppers are expected to spend a record $9.4 billion on purchases made on their...