Latest Retail industry News

Sheriff: Shooter had mental illness but legally owned gun

Sep. 21, 2018 5:28 PM EDT

ABERDEEN, Md. (AP) — The woman who killed three people and wounded others before shooting herself to death at a Maryland drugstore warehouse had been diagnosed with a mental illness and used a legally purchased gun in the rampage, a law enforcement official said Friday. Harford County Sheriff Jeffrey...

Dow hits another all-time high on mixed day for US stocks

Sep. 21, 2018 4:53 PM EDT

Wall Street capped a milestone-setting week Friday with a mixed finish for the major U.S. stock indexes and the second all-time high in two days for the Dow Jones Industrial Average. An afternoon sell-off erased modest gains for the S&P 500 that had the benchmark index on track to eke out its own record high...

4 dead, including suspect, after Maryland warehouse shooting

Sep. 20, 2018 9:35 PM EDT

ABERDEEN, Md. (AP) — A woman working a temporary job at a drugstore warehouse in Maryland got into an argument at work Thursday morning and began shooting colleagues, killing three before fatally turning the gun on herself, authorities and witnesses said. Workers at the Rite Aid distribution center in...

The Gap steps into the men's athleisure game

Sep. 20, 2018 12:19 PM EDT

NEW YORK (AP) — The Gap is stepping in to the men's athleisure wear game, which has exploded in recent years. The clothes are intended to be formal enough to wear to the office, at least on casual Friday, and suitable for the gym or yoga studio directly afterward. Gap's Hill City brand will roll out in...

US-China trade war could soon pose a serious economic threat

Sep. 18, 2018 5:51 PM EDT

WASHINGTON (AP) — Seeking better-skilled workers, Cedar Electronics decided last year to return some of its manufacturing to the United States from the Philippines, only to run smack into a worsening U.S.-China trade war. Cedar makes radar and laser detection systems. When it shifted the assembly of those...

5 ways Trump's tariffs on $200B in China goods could be felt

Sep. 18, 2018 8:29 AM EDT

BALTIMORE (AP) — By imposing taxes on an additional $200 billion in Chinese goods, President Donald Trump has intensified a battle of wills between the world's two largest economies — and the outcome is far from certain. No one knows how long the tariffs announced Monday might last. No one knows if...

Rich sales for 'Crazy Rich Asians' books

Sep. 17, 2018 9:16 AM EDT

New York (AP) — "Crazy Rich Asians" isn't just a hit at the box office. Kevin Kwan's novel and its two follow-ups have sold 1.5 million copies this year, Knopf Doubleday announced Monday. "Crazy Rich Asians," along with "China Rich Girlfriend" and "Rich People Problems," have occupied the top three slots...

Needle-in-strawberry scare spreads across Australia

Sep. 17, 2018 5:59 AM EDT

MELBOURNE, Australia (AP) — Public fears about sewing needles concealed inside strawberries on supermarket shelves have spread across Australia and New Zealand as growers turn to metal detectors and the Australian government launches an investigation to restore public confidence in the popular fruit. The...

Amazon launches small business shop

Sep. 17, 2018 12:18 AM EDT

NEW YORK (AP) — Amazon wants you to shop small. The online retailer launched a new section of its site Monday called Amazon Storefronts, which only lists products sold by small- and medium-sized businesses in the U.S. The company says smaller companies can get lost among its millions of goods and it wants...

Amazon launches small business shop

Sep. 17, 2018 12:06 AM EDT

NEW YORK (AP) — Amazon wants you to shop small. The online retailer launched a new section of its site Monday called Amazon Storefronts, which only lists products sold by small- and medium-sized businesses in the U.S. The company says smaller companies can get lost among its millions of products and it...