Latest Retail industry News

Michigan bans flavored e-cigarettes a day after New York

Sep. 18, 2019 1:47 PM EDT

LANSING, Mich. (AP) — Michigan banned the sale of flavored e-cigarettes on Wednesday, the latest state to act following hundreds of serious breathing issues in people using vaping devices that prompted a federal investigation. The Michigan Department of Health and Human Services said the ban was effective...

Asian shares weaker after spike in crude oil rattles market

Sep. 17, 2019 12:48 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Tuesday after an attack on Saudi Arabia's biggest oil processing plant caused crude prices to soar, prompting selling of airlines and other fuel-dependent industries. The U.S. and international benchmarks for crude fell back slightly after vaulting more...

California campaign will warn public of vaping dangers

Sep. 16, 2019 9:47 PM EDT

SACRAMENTO, Calif. (AP) — California will spend $20 million on a public awareness campaign about the dangers of vaping nicotine and cannabis products and step up efforts to halt the sale of illicit products amid a rise in vaping-related illnesses. Democratic Gov. Gavin Newsom announced the actions Monday...

Retailers scramble as NY moves to ban flavored e-cigarettes

Sep. 16, 2019 7:47 PM EDT

NEW YORK (AP) — Vape shops in New York are scrambling to respond to Gov. Andrew Cuomo's plan to prohibit the sale of flavored vaping products — a ban poised to take effect Tuesday. Cuomo, a Democrat, proposed the ban on Sunday . The emergency regulation will take effect immediately if approved as...

Manufacturers, retailers less optimistic, survey says

Sep. 16, 2019 10:10 AM EDT

NEW YORK (AP) — Small manufacturers and retailers are losing confidence in the national economy yet remain upbeat about their own prospects. That's the finding of a third quarter survey of 1,000 companies released last week by the U.S. Chamber of Commerce and MetLife. Sixty-three percent of manufacturing...

Average US price of gas down 3 cents per gallon

Sep. 15, 2019 3:04 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has dropped 3 cents per gallon (3.8 liters) over the past three weeks to $2.63. The price is 20 cents lower than what it was in mid-July. However, industry analyst Trilby Lundberg of the Lundberg Survey says Sunday she expects the...

Drug company attorneys seek to disqualify federal judge

Sep. 14, 2019 4:27 PM EDT

CLEVELAND (AP) — Attorneys for eight drug distributors, pharmacies and retailers facing trial next month for their roles in the opioid crisis want to disqualify the federal judge overseeing their cases, saying he has shown bias in his effort to obtain a multibillion-dollar global settlement. According to...

US stock indexes end mixed; S&P 500 notches 3rd weekly gain

Sep. 13, 2019 4:48 PM EDT

The S&P 500 notched its third straight weekly gain Friday, even as the major U.S. stock indexes ended the day mostly lower. A slide in technology stocks, along with losses in consumer-focused and real estate companies, offset solid gains elsewhere in the market, including big Wall Street banks and industrial...

Whole Foods to cut health care for part-time workers

Sep. 13, 2019 2:32 PM EDT

NEW YORK (AP) — Whole Foods, the grocery chain owned by Amazon, is cutting health care benefits for its part-time workers, a move that could leave about 1,900 of its employees without medical coverage. Starting next year, Whole Foods employees have to work at least 30 hours a week to qualify for its health...

US retail sales rise moderately as auto-buying jumps

Sep. 13, 2019 2:11 PM EDT

WASHINGTON (AP) — U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales, evidence that consumers are still spending enough to support growth. The Commerce Department said Friday that retail sales increased 0.4% last month, down from a strong 0.8% in...