Latest Retail industry News

Shoppers pass an Indigo Friday 40% Off sign Saturday, Nov. 28, 2020, on Chicago's famed Magnificent Mile shopping district. (AP Photo/Charles Rex Arbogast)

Black Friday sees record online as US shoppers stay home

Nov. 28, 2020 4:27 PM EST

Black Friday online sales hit a new record this year as pandemic-wary Americans filled virtual carts instead of real ones. Consumers spent an estimated $9 billion on U.S. retail websites on Black Friday, according to Adobe Analytics, which tracks online shopping. That was a 22% increase over the previous record...

FILE - In this Sept. 30, 2013, file photo, Tony Hsieh speaks during a Grand Rapids Economic Club luncheon in Grand Rapids, Mich. Hsieh, retired CEO of Las Vegas-based online shoe retailer Zappos.com, has died. Hsieh was with family when he died Friday, Nov. 27, 2020, according to a statement from DTP Companies, which he founded. Downtown Partnership spokesperson Megan Fazio says Hsieh passed away in Connecticut, KLAS-TV reported. Hsieh recently retired from Zappos after 20 years leading the company. He worked to revitalize the Las Vegas area. (Cory Morse/The Grand Rapids Press via AP, File)

Tony Hsieh, retired Zappos CEO, dies at 46 after house fire

Nov. 28, 2020 3:02 PM EST

LAS VEGAS (AP) — Tony Hsieh, the retired CEO of Las Vegas-based online shoe retailer Zappos.com, who spent years working to transform the city's downtown area, has died. He was 46. Hsieh was with family when he died Friday, according to DTP Companies, which he founded. He died of injuries suffered in a...

Black Friday shoppers wear face masks as the leave Saks Fifth Avenue flagships store empty handed, Friday, Nov. 27, 2020, in New York. (AP Photo/Mary Altaffer)

Virus keeps Black Friday crowds thin, shoppers shift online

Nov. 27, 2020 6:57 PM EST

NEW YORK (AP) — The raging coronavirus pandemic kept crowds thin at malls and stores across the country on Black Friday, but a surge in online shopping offered a beacon of hope for struggling retailers after months of slumping sales and businesses toppling into bankruptcy. In normal times, Black Friday is...

Amanda Perrone shops for Christmas decorations on Black Friday, at Corky's Garden Path Greenhouse in Scott Twp., Pa. on Friday, Nov. 27, 2020. (Christopher Dolan/The Times-Tribune via AP)

VIRUS TODAY: Black Friday shoppers stay home

Nov. 27, 2020 5:16 PM EST

Here's what's happening Friday with the coronavirus pandemic in the U.S.: THREE THINGS TO KNOW TODAY — The coronavirus pandemic kept crowds thin at malls and stores across the country on Black Friday, but a surge in online shopping offered a small beacon of hope for struggling retailers after months of...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Nov. 27, 2020. Asian stock markets declined Friday as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism. (AP Photo/Ahn Young-joon)

Stocks rise on Wall Street as S&P 500 hits record high

Nov. 27, 2020 2:10 PM EST

NEW YORK (AP) — The S&P 500 rose to a record high Friday as investors continue to look forward to the distribution of a COVID-19 vaccine and relief for the global economy. The benchmark index rose 8.70 points, or 0.2%, led by gains in technology companies, and closed at an all-time high of 3,638.35....

FILE - In this file photo dated Friday, Nov. 20, 2020, a woman wearing a face mask walks past mannequins wearing face masks in the window of a temporarily closed branch of the Topshop women's clothing chain during England's second coronavirus lockdown, in London.  Some 15,000 retailing jobs in Britain are in peril after Arcadia Group, owner of some of the country's best-known fashion chains like Topshop, confirmed Friday Nov. 27, 2020, that it is in talks about its future. (AP Photo/Matt Dunham, FILE)

UK retail empire of billionaire Philip Green teeters on edge

Nov. 27, 2020 12:00 PM EST

LONDON (AP) — The retail empire of tycoon Philip Green, which owns well-known British fashion chains like Topshop, appears to be on the brink of collapse following the economic shock of the coronavirus pandemic. In another blow to the British retailing industry in the run-up to the crucial Christmas...

Floats that are part of the modified Macy's Thanksgiving Day Parade are seen from the Empire State Building in New York, Thursday, Nov. 26, 2020. Due to the pandemic, no crowds of onlookers were allowed to attend the annual parade. (AP Photo/Craig Ruttle)

Holiday trends to watch: Adult Play-Doh; stores that ship

Nov. 26, 2020 7:24 PM EST

NEW YORK (AP) — The pandemic is turning this into a holiday shopping season like no other. Toy companies are targeting stuck-at-home grown-ups with latte-smelling Play-Doh and Legos that turn into Warhols. Those who added a puppy to their family during the pandemic will see tons of gift options for their...

Mexico opens anti-monopoly probe against Wal-Mart de Mexico

Nov. 26, 2020 5:18 PM EST

MEXICO CITY (AP) — Mexico’s anti-monopoly commission said Thursday it has begun a formal investigation into possible monopolistic practices in wholesale and retail goods distribution and sales, a probe that appears to involve Wal-Mart's Mexican subsidiary. While the Federal Economic Competition...

HP, Nordstrom rise; Gap, JPMorgan Chase fall

Nov. 25, 2020 4:26 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday: Autodesk, up $12.27 to $271.24 The design software company raised its profit forecast for the fiscal year after reporting solid third-quarter financial results. American Eagle Outfitters, up 70 cents to $18.49 The teen clothing...

This Nov. 2020 photo  shows Jenna Powell live on Facebook.  With her three Alabama boutiques closed because of the pandemic, Powell found another way to sell animal print tops and tie-dye hoodies: become an amateur home shopping network host.  Almost daily around noon, Powell, or one of her employees, turns on an iPhone, looks into the camera and broadcasts to 400 people watching live on Facebook or her store’s app. They put on clothing, spin for the camera and try to get viewers to buy.   (Jenna Powell via AP)

Lights, camera, sell: Retailers want you to watch and shop

Nov. 25, 2020 1:14 PM EST

NEW YORK (AP) — When Jenna Powell gets in front of a camera, she can sell $10,000 worth of sparkly dresses and tie-dye hoodies in 40 minutes. Powell, whose three Jennaration shops in Alabama were closed at the start of the pandemic, has put all her focus on selling through live videos, broadcasting live...