Latest Retail and wholesale News

Philadelphia mayor strikes a deal with the 76ers to build a new arena downtown

Sep. 18, 2024 18:32 PM EDT

PHILADELPHIA (AP) — The Philadelphia 76ers have a new teammate in their bid to build a new $1.3 billion arena downtown. Mayor Cherelle Parker announced Wednesday that she has forged a deal with team owners to keep the NBA franchise in town and will send it to city council. The...

Memories of the earliest Tupperware parties, from one who was there

Sep. 18, 2024 16:51 PM EDT

ALLISON PARK, Pa. (AP) — Sometimes something takes your thinking back to an isolated memory of decades ago. And without your bidding, other memories — memories of that era of your life — come flooding in. When asked what I remember about Tupperware parties, I pulled out some of...

Kroger and Albertsons make a final pitch for their merger before a judge decides whether to block it

Sep. 17, 2024 17:59 PM EDT

PORTLAND, Ore. (AP) — The federal government urged a U.S. District Court judge on Tuesday to temporarily prevent a proposed merger between Kroger and Albertsons, saying in closing arguments the combination would “almost certainly” benefit shareholders and not everyday shoppers. ...

US retail sales ticked up last month in sign of ongoing consumer resilience

Sep. 17, 2024 13:55 PM EDT

WASHINGTON (AP) — Americans spent a bit more at retailers last month, providing a small boost to the economy just seven weeks before Election Day as the Federal Reserve considers how much to cut its key interest rate. Retail sales ticked up 0.1% from July to August, after jumping...

US retail spending ticked up slightly last month in sign of ongoing consumer resilience

Sep. 17, 2024 08:48 AM EDT
WASHINGTON (AP) — US retail spending ticked up slightly last month in sign of ongoing consumer resilience.

A state's experience with grocery chain mergers spurs a fight to stop Albertsons' deal with Kroger

Sep. 16, 2024 16:42 PM EDT

Washington state went to court Monday to try to block a proposed merger between Albertsons and Kroger, saying shoppers would pay hundreds of millions more for groceries each year if the supermarket chains are no longer closely competing. Albertsons and Kroger insist a merger would...

This week: retail sales, unemployment, home sales

Sep. 16, 2024 03:06 AM EDT

A look at some of the key business events and economic indicators upcoming this week. Retail receipts The Commerce Department delivers its latest snapshot of U.S. retail sales Tuesday. Americans stepped up their spending at retailers in July by the most...

China's economy softens in August as Beijing continues to grapple with lagging demand

Sep. 14, 2024 15:13 PM EDT

BEIJING (AP) — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand. Data published by the National Bureau of Statistics Saturday showed weakening activity across...

Man pleads guilty in Indiana mall shooting that wounded one person last year

Sep. 13, 2024 14:31 PM EDT

FORT WAYNE, Ind. (AP) — A man charged in a shooting that wounded one person inside a northeastern Indiana shopping mall has pleaded guilty to criminal recklessness in last year's shooting. Quentin A. Lewis, 28, pleaded guilty to the charge Wednesday, one day before he was scheduled...

McDonald's extends $5 deal through December to keep customers coming

Sep. 12, 2024 16:37 PM EDT

McDonald’s is extending its $5 value meal until December at most U.S. stores, a move that rivals are likely to follow. McDonald’s introduced the deal in June after a disappointing first quarter that saw fewer U.S. visits and lower spending per order, particularly from customers...