Latest Retail industry News

FILE - In this July 8, 2019, file photo, national security adviser John Bolton speaks at the Christians United for Israel's annual summit, in Washington.  A single paper copy in a nondescript envelope arrived at the White House on Dec. 30. Four weeks later, news of John Bolton’s book manuscript about his time as President Donald Trump’s national security adviser has exploded into public view, sending a jolt through the president’s impeachment trial. (AP Photo/Patrick Semansky, File)

News of Bolton book sends jolt through impeachment trial

Jan. 27, 2020 5:55 PM EST

WASHINGTON (AP) — A single paper copy in a nondescript envelope arrived at the White House on Dec. 30. Four weeks later, news of John Bolton’s book manuscript about his time as President Donald Trump’s national security adviser has exploded into public view, sending a jolt through the...

German privacy watchdog investigates clothing retailer H&M

Jan. 27, 2020 9:46 AM EST

BERLIN (AP) — A German privacy watchdog says it has opened an investigation into clothing retailer H&M amid evidence that the Swedish retailer had committed “massive data protection breaches” by spying on its customer service representatives in Germany. Hamburg's data protection...

Gas prices fall 4 cents a gallon to $2.60 in past 2 weeks

Jan. 26, 2020 5:31 PM EST

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has declined 4 cents a gallon to $2.60 over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the pump price responded to a drop in crude oil costs. The highest average price in the nation...

FILE - In this July 31, 2014 file photo, the U.S. and U.S. Department of Homeland Security flags fly in Karnes City, Texas.  The Trump administration pledged Friday to step up efforts against the vast amounts of counterfeit clothing, medicine and other goods that have flooded into the U.S. with the rise in e-commerce. The move was announced Friday by Chad Wolf, acting secretary of the Department of Homeland Security.    (AP Photo/Eric Gay)

US says e-commerce firms need to do more about fake goods

Jan. 24, 2020 9:46 PM EST

WASHINGTON (AP) — E-commerce has unleashed an increasing torrent of fake merchandise upon the world and private companies and the U.S. government must do more to address the problem, Trump administration officials said Friday as they released a plan aimed at cracking down on counterfeit goods. An...

FILE - In this Nov. 9, 2018, file photo Walmart associate Javaid Vohar, right, checks out customers at a Walmart Supercenter in Houston. Walmart says it is testing higher wages for new hourly positions at 500 of its U.S. stores as part of an overall strategy to better empower its staff. (AP Photo/David J. Phillip, File)

Walmart tests higher hourly starting wages in 500 stores

Jan. 24, 2020 3:34 PM EST

NEW YORK (AP) — Walmart says it's testing higher wages for new hourly positions at 500 of its U.S. stores as part of an overall strategy to better empower its staff. The nation's largest private employer, which operates roughly 4,700 namesake stores in the U.S., says it will be raising the starting hourly...

FILE - In this Dec. 22, 2017, file photo people shop at the Pentagon City Mall in Arlington, Va. Clothing retailers, particularly those in malls, have been devastated by changing consumer behavior. More than 9,000 stores were shuttered last year. (AP Photo/Susan Walsh, File)

Express, seeking revival, to close 100 stores

Jan. 22, 2020 4:49 PM EST

NEW YORK (AP) — Express, a staple in U.S. malls, will close about 100 stores as part of a restructuring plan as the chain grapples with drastic changes in where people spend their shopping dollars. The retailer that caters to younger shoppers said earlier this month that it was laying off 10% of the staff...

This cover image released by Flatiron Books shows

Winfrey chooses the novel "American Dirt" for her book club

Jan. 21, 2020 8:35 AM EST

NEW YORK (AP) — Jeanine Cummins' “American Dirt,” one of the year's most anticipated and debated novels, is Oprah Winfrey's new pick for her book club. “American Dirt,” published Tuesday, tells of a bookstore owner in Acapulco, Mexico, who loses much of her family to a murderous...

FILE - In this Jan. 10, 2020, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 17 (AP Photo/Richard Drew, File)

Tech, communications stocks push US indexes to more records

Jan. 17, 2020 5:05 PM EST

Wall Street capped a milestone-setting week Friday with a few more as modest gains nudged the major stock indexes to all-time highs. The benchmark S&P 500 index also notched its second-straight weekly gain. Technology stocks powered much of the market's broad gains, along with communication services companies...

FILE - In this Jan. 10, 2020, file photo specialist Meric Greenbaum, center, works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 16. (AP Photo/Richard Drew, File)

Global stocks inspired by US rally, hopes for Chinese growth

Jan. 17, 2020 7:54 AM EST

Global stocks rose Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China's economic slowdown may have stabilized and Washington and Beijing signed a trade deal. European indexes were broadly higher, while markets in Shanghai, Tokyo and Hong Kong closed with gains, after the U.S.'s...

FILE - This Wednesday, Feb. 24, 2010 file photo shows an Old Navy Store in Paramus, N.J. On Thursday, Jan. 16, 2020, Gap Inc. says it no longer intends to spin off Old Navy as a separate entity after determining it would be too costly and complex, especially given the retailer's recent struggles. (AP Photo/Seth Wenig)

Gap dumps plans to spin off Old Navy as a separate entity

Jan. 16, 2020 6:11 PM EST

NEW YORK (AP) — Gap Inc. says it no longer intends to spin off Old Navy as a separate public company. The retailer said Thursday that its board scuttled the move after determining it would be too costly and complex, especially given the company's recent struggles. Its stock was up about 5% in after-hours...