Latest Retail industry News

Urban Outfitters earns, consumer confidence, new home sales

Nov. 23, 2020 2:10 AM EST

A look at some of the key business events and economic indicators upcoming this week: RETAIL WOES Urban Outfitters serves up its third-quarter report card Monday. Wall Street analysts expect the clothing and accessories chain will report lower earnings and revenue for the August-October quarter versus a year...

Some New Mexico essential business close due to virus spike

Nov. 21, 2020 8:15 PM EST

ALBUQUERQUE, N.M. (AP) — Some New Mexico essential businesses have been shut down because of a substantial increase in coronavirus cases. A new edict announced Thursday allows the New Mexico Department of Health to shut down workplaces for two weeks if they have four or more coronavirus cases in a 14-day...

Cashier Druhan Parker, right, works behind a plexiglass shield Thursday, Nov. 19, 2020, as he checks out shoppers Cassie Howard, left, and Paris Black at an in Chicago. The accelerating surge of coronavirus cases across the U.S. is causing an existential crisis for America’s retailers and spooking their customers just as the critically important holiday shopping season nears. (AP Photo/Charles Rex Arbogast)

Retailers brace as virus bears down on consumers and economy

Nov. 21, 2020 10:45 AM EST

WASHINGTON (AP) — LaTonya Story is every retailer’s worst fear. With the viral pandemic re-surging through the country and the economy under threat, Story has decided to slash her holiday shopping budget. She'll spend less than $2,000 this season, down from several thousand dollars in 2019. Worried...

Alabama retailers expect to hold steady or gain in holiday

Nov. 21, 2020 10:42 AM EST

MONTGOMERY, Ala. (AP) — Many stores already are decorated for the Christmas shopping season and pushing holiday sales, and that could help Alabama retailers avoid a pandemic slump. A statement from the Alabama Retail Association says holiday sales are expected to hold steady or grow a little from 2019,...

Gas prices rise in NJ, drop around county at large

Nov. 21, 2020 10:03 AM EST

TRENTON, N.J. (AP) — Gas prices rose in New Jersey but dropped around the country as a whole amid decreasing demand and an increase in total domestic gasoline stocks. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.21, up two cents from last week. Drivers...

A woman wearing a face mask to protect against the coronavirus walks past a propaganda billboard with the characters for

The Latest: China starts mass testing 3 million in Tianjin

Nov. 21, 2020 12:42 AM EST

BEIJING — China is starting mass testing on 3 million people in a section of the northern city of Tianjin and has tested 4,015 others in a hospital in Shanghai after the discovery of a pair of cases there. The National Health Commission recorded seven new domestically transmitted cases Saturday,...

Demonstrators use a crowd control barrier to smash into the entrance of a Carrefour supermarket during a protest against the murder of Black man Joao Alberto Silveira Freitas at a different Carrefour supermarket the night before, on Brazil's National Black Consciousness Day in Rio de Janeiro, Brazil, Friday, Nov. 20, 2020. Freitas died after being beaten by supermarket security guards in the southern Brazilian city of Porto Alegre, sparking outrage as videos of the incident circulated on social media.  (AP Photo/Andre Penner)

Death on eve of Brazil's Black Consciousness Day sparks fury

Nov. 20, 2020 8:32 PM EST

RIO DE JANEIRO (AP) — A Black man died after being beaten by supermarket security guards in the Brazilian city of Porto Alegre on the eve of Friday's Black Consciousness Day observations, sparking outrage after videos of the incident circulated on social media. A short clip showed one guard restraining...

Wind-surfers glide on Lake Ontario at Cherry Beach on a warm fall day during the COVID-19 pandemic in Toronto, Friday, Nov. 20, 2020. (Nathan Denette/The Canadian Press via AP)

Toronto goes back into lockdown because of a surge in cases

Nov. 20, 2020 5:28 PM EST

TORONTO (AP) — Canada’s largest city is going back into lockdown because of a surge in COVID-19 cases. The Ontario provincial government announced Friday that Toronto and the Peel Region suburb will go into lockdown on Monday. Health officials announced they won’t allow indoor organized...

Post Holdings, Gilead Sciences fall; Pfizer, Hibbett rise

Nov. 20, 2020 4:30 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday: Pfizer Inc., up 51 cents to $36.70. The drug developer is asking U.S. regulators to allow emergency use of its COVID-19 vaccine. Ross Stores Inc., down $1.21 to $108.99. The discount retailer's third-quarter earnings and revenue beat...

An elderly man wears a face mask as he walks on the Champs Elysee avenue, in Paris, Thursday, Nov. 19, 2020. France has surpassed 2 million confirmed cases of coronavirus, the fourth-highest total in the world. (AP Photo/Thibault Camus)

France postpones 'Black Friday' to help locked-down shops

Nov. 20, 2020 11:46 AM EST

PARIS (AP) — France's government on Friday got supermarket chains and e-commerce platforms like Amazon to agree to postpone “Black Friday” promotions, responding to concerns that shops shuttered by the nation's coronavirus lockdown are hemorrhaging business and could be hurt further if they...