Latest Retail industry News

'Ugly produce' trend may have limits, as grocers end tests

Feb. 21, 2019 12:32 PM EST

URBANDALE, Iowa (AP) — Is the "ugly produce'" trend already reaching the end of its shelf life in supermarkets? Walmart and Whole Foods in recent years tried selling some blemished fruits and vegetables at a discount, produce they said might otherwise be trashed because it's not quite the right size, shape...

Domino's shares tumble on lower-than-expected sales growth

Feb. 21, 2019 12:05 PM EST

ANN ARBOR, Mich. (AP) — Domino's Pizza shares tumbled Thursday after the company's same-store sales growth fell short of expectations in the U.S. and abroad. Ann Arbor-based Domino's said sales at established U.S. stores grew 5.6 percent in the fourth quarter, its 31st consecutive quarter of positive...

Asian stocks change little ahead of more US-China talks

Feb. 20, 2019 11:22 PM EST

BEIJING (AP) — Asian stock markets were little-changed Thursday following a listless day on Wall Street ahead of U.S.-Chinese negotiations aimed at ending a tariff battle. Tokyo's Nikkei 225 index lost 0.1 percent to 21,402.69 after a gauge of manufacturing activity fell to a three-year low, suggesting...

Markets Right Now: US stocks edge higher, extending gains

Feb. 20, 2019 4:07 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing modestly higher on Wall Street, extending the market's gains from a day earlier. Gains in technology, materials and energy companies Wednesday outweighed losses in health care and real estate...

UK regulator casts doubt on Sainsbury's-Asda merger

Feb. 20, 2019 1:54 PM EST

LONDON (AP) — British regulators say the proposed supermarkets merger between Sainsbury's and Walmart's Asda unit would push up prices and reduce quality for shoppers, casting doubt on a deal that would create the country's biggest grocery chain. It also serves as yet another regulatory blow to Walmart at...

Q&A: What Payless shoppers need to know

Feb. 20, 2019 1:37 PM EST

NEW YORK (AP) — Payless ShoeSource, the shoe store chain famous for its buy-one-get-one half-off sales, is going out of business. The company filed for bankruptcy protection this week, and said it will close all its 2,500 North American stores. That gives customers a limited time to use gift cards, or make...

Trouble at CVS Health long-term care business weighs heavily

Feb. 20, 2019 12:45 PM EST

CVS Health is setting 2019 earnings expectations well below Wall Street forecasts, as the company struggles to fix part of its business while blending in a major acquisition and attempting to change how customers use its stores. The drugstore chain and pharmacy benefit manager also is dealing with industry-wide...

Failing Payless to honor gift cards, store credit into March

Feb. 20, 2019 8:38 AM EST

TOPEKA, Kan. (AP) — The failing Payless ShoeSource chain will honor gift cards and store credit until March 11 as the company liquidates all operations. The Topeka, Kansas, company, which filed for bankruptcy protection this week, will allow returns and exchanges of non-final sale items through the end of...

Asian shares mostly higher, extending Wall St advance

Feb. 19, 2019 11:03 PM EST

BANGKOK (AP) — Shares were mostly higher in Asia on Wednesday after a modestly high finish on Wall Street that extended the market's gains into a fourth week. The Nikkei 225 index rose 0.6 percent despite news that Japan's exports sank 8.4 percent in January from a year earlier, far more than forecast....

Markets Right Now: Stocks extend gains into a 4th week

Feb. 19, 2019 4:09 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks shook off a wobbly start and ended modestly higher on Wall Street, extending the market's gains into a fourth week. Solid earnings from Walmart sent the company up 2.2 percent Tuesday and also encouraged...