Latest Retail industry News

Global shares mixed in quiet trading ahead of Fed decision

Jun. 16, 2021 05:55 AM EDT

TOKYO (AP) — Global shares were mixed in quiet trading Wednesday ahead of a U.S. Federal Reserve meeting that may give clues on what lies ahead with its massive support for markets. France's CAC 40 added 0.1% in early trading to 6,645.92, while Germany's DAX slipped...

Asian shares mixed in quiet trading ahead of US Fed decision

Jun. 15, 2021 23:26 PM EDT

TOKYO (AP) — Asian shares were mixed in quiet trading Wednesday ahead of a U.S. Federal Reserve meeting that may give clues on what lies ahead with its massive support for markets. Japan released data that showed its trade surplus jumped 49.6% in May from the previous...

Mixed drinks to-go legislation in peril in Pennsylvania

Jun. 15, 2021 17:47 PM EDT

HARRISBURG, Pa. (AP) — Gov. Tom Wolf on Tuesday suggested that he will veto a bill that would allow thousands of retailers with licenses to sell beer and wine to begin selling cans of mixed hard alcohol drinks to go, including convenience stores and grocery stores. ...

Neiman Marcus to spend $500M on new investments amid rebound

Jun. 15, 2021 16:04 PM EDT

NEW YORK (AP) — Neiman Marcus is hoping to capitalize on rebounding luxury sales by investing more than $500 million over the next three years in refreshing stores, speeding up deliveries and acquiring new technology. The plan, unveiled Tuesday, includes a pact to...

Fighting COVID-19 surge, South Africa increases restrictions

Jun. 15, 2021 15:49 PM EDT

JOHANNESBURG (AP) — Confronted with a rapid surge of COVID-19 cases and hospitalizations, South Africa has returned to tighter restrictions on public gatherings and liquor sales, President Cyril Ramaphosa announced Tuesday night. The new infections threaten the health...

The top 10 books on the Apple Store

Jun. 15, 2021 13:00 PM EDT

Book Title by Author Name - ISBN - (Publisher) 1. The President’s Daughter by Bill Clinton & James Patterson - 9780316540735 - (Little, Brown and Company and Knopf) 2. Tom Clancy Target Acquired by Don Bentley - 9780593188156 - (Penguin...

May retail sales fell 1.3% as Americans spend less on goods

Jun. 15, 2021 11:29 AM EDT

NEW YORK (AP) — Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods. Total sales dropped a seasonally adjusted 1.3% in May from the month before, the U.S. Commerce...

US retail sales fell 1.3% in May as Americans bought fewer cars, furniture and electronics

Jun. 15, 2021 08:38 AM EDT
NEW YORK (AP) — US retail sales fell 1.3% in May as Americans bought fewer cars, furniture and electronics.

Managed care firm and Mississippi reach lawsuit settlement

Jun. 14, 2021 15:42 PM EDT

JACKSON, Miss. (AP) — A managed care company has agreed to pay Mississippi $55.5 million to settle a lawsuit that accused one of its subsidiaries of overcharging the state's Medicaid program for pharmacy benefits management. Attorney General Lynn Fitch and Auditor Shad...

Centene settles Ohio suit alleging Medicaid fraud for $88M

Jun. 14, 2021 15:30 PM EDT

COLUMBUS, Ohio (AP) — Centene Corp. has agreed to pay Ohio $88.3 million to settle a lawsuit alleging the pharmacy benefit manager overbilled the state's Medicaid department for pharmacy services it provided, the state's top lawyer announced Monday. Republican Attorney...