Latest Retail industry News

Average US gas price rises a penny, to $3.40 per gallon

Jan. 23, 2022 13:49 PM EST

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline is up a penny over the past two weeks, to $3.40 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that prices at the pump could continue to rise because crude oil costs have...

New Cheyenne business sells big retailers' overstocked items

Jan. 23, 2022 12:58 PM EST

CHEYENNE, Wyo. (AP) — All the unsold items from Walmart, Target, Amazon and other big box stores have to go somewhere. These items go to a place like Discount World, a locally owned overstock business that recently opened at 3151 Nationway. Owners Tim and Barb...

Greensboro-based Diggin’ in the Crates celebrates hip-hop

Jan. 23, 2022 00:05 AM EST

GREENSBORO, N.C. (AP) — A trove of hip-hop history fills a small office in a nondescript building along Battleground Avenue. The walls have been covered with scenes and memorabilia from the history of hip-hop-era culture and other music — such as a large painting of rapper The...

Gas prices go up in NJ, around nation as crude prices rise

Jan. 22, 2022 13:33 PM EST

TRENTON, N.J. (AP) — Gas prices increased in New Jersey and around the nation at large amid a continued increase in crude oil prices and despite a drop in consumer demand. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.38, up a...

Amazon heads to the mall with prototype clothing store

Jan. 20, 2022 11:48 AM EST

NEW YORK (AP) — First, Amazon competed with malls. Now, it’s moving inside one. The online retailing giant said Thursday that it plans to open a clothing store in a Southern California mall later this year. It's the latest foray into brick-and-mortar for Amazon,...

Rising inflation tightens squeeze on consumers

Jan. 20, 2022 10:26 AM EST

Retail sales took an unexpected dip in December in what could be a signal that persistently rising inflation is prompting a pullback in consumer spending. Consumers paid more for everything from groceries to cars in 2021 as companies passed along the costs of pricier raw materials...

US begins offering 1B free COVID tests, but many more needed

Jan. 19, 2022 16:23 PM EST

WASHINGTON (AP) — For the first time, people across the U.S. can log on to a government website and order free, at-home COVID-19 tests. But the White House push may do little to ease the omicron surge, and experts say Washington will have to do a lot more to fix the country’s long-troubled...

Optum again a big revenue driver for UnitedHealth in 2021

Jan. 19, 2022 10:27 AM EST

UnitedHealth Group's fourth-quarter profit soared as the nation's largest health insurance provider branched deeper into offering care as well as covering the bills. The health care giant said Wednesday that operating earnings from its Optum division grew nearly 10% to $3.4 billion...

White House soft-launches COVID-19 test request website

Jan. 18, 2022 21:08 PM EST

WASHINGTON (AP) — The Biden administration on Tuesday quietly launched its website for Americans to request free at-home COVID-19 tests, a day before the site was scheduled to officially go online. The website, COVIDTests.gov, now includes a link for “every home in the U.S.” to...

Website for free virus tests is here. How does it work?

Jan. 18, 2022 21:01 PM EST

WASHINGTON (AP) — Under criticism after weeks of shortages, President Joe Biden's administration is working to make COVID-19 rapid test kits more available and accessible to Americans by boosting supply and lowering costs. A new federal website to request free test kits officially launches...