Latest Retail industry News

Asian shares fall on sign of escalating US-China tensions

Nov. 20, 2018 10:36 PM EST

SINGAPORE (AP) — Asian markets fell on Wednesday after a trade dispute between the U.S. and China stalled a weekend meeting, dimming hopes that it could be resolved once their leaders meet. KEEPING SCORE: Japan's benchmark Nikkei 225 dropped 0.6 percent to 21,447.53 and the Kospi in South Korea was down...

Lowe's reports disappointing sales; to exit Mexico

Nov. 20, 2018 5:41 PM EST

NEW YORK (AP) — Lowe's Cos. reported disappointing numbers for a key sales measure in the third quarter and said it would exit its Mexico operations in its bid to compete better with home improvement leader Home Depot. The home improvement chain said Tuesday it would also exit its contracting service,...

Shoppers spend freely heading into the holidays

Nov. 20, 2018 5:37 PM EST

NEW YORK (AP) — Shoppers are spending freely heading into the holidays, but heavy investments and incentives like free shipping by retailers are giving Wall Street pause. Target Inc., Kohl's Corp., Best Buy Co. and TJX Cos. all reported strong sales at stores opened at least a year. That's a key measure of...

Target, Boston Scientific and Kohl's fall; Campbell jumps

Nov. 20, 2018 5:15 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday: Target Corp., down $8.12 to $69.03 The retailer's profit fell short of Wall Street expectations as it invested more in its stores and its online business. Ross Stores Inc., down $8.55 to $82.64 The discount retailer's third-quarter...

Markets Right Now: Tech rout erases market's gain for year

Nov. 20, 2018 4:35 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing sharply lower, erasing the market's gains for the year, as losses for big technology companies like Apple mount. Apple sank 4.8 percent Tuesday. Retailers also fell sharply. Target plunged 10.5...

Former Toys R Us workers to get $20M in hardship fund

Nov. 20, 2018 4:20 PM EST

NEW YORK (AP) — Two private equity owners of the iconic Toys R Us toy chain have set up a $20 million hardship fund for the thousands of former workers left jobless and without severance after the chain was liquidated in June. KKR and Bain Capital announced Tuesday the creation of the fund aimed at helping...

Croatia's indebted tycoon released after paying bail

Nov. 20, 2018 11:08 AM EST

ZAGREB, Croatia (AP) — A Croatian court says a tycoon who founded a deeply indebted food and retail company should be released from jail after he deposited a one-million-euro bail ($1.1 million.) The County Court in Zagreb said Tuesday that Ivica Todoric must hand in his passport to authorities and won't...

Target's investments in the future hits margins

Nov. 20, 2018 8:49 AM EST

MINNEAPOLIS (AP) — Target's ramped up investments online and in stores are bringing in shoppers, but they're bruising the bottom line right now. Company shares tumbled 10 percent before the opening bell Tuesday after Target missed profit expectations for the third quarter, the last look at the retailer's...

Asian stocks slide after Wall Street losses, Nissan arrest

Nov. 19, 2018 11:08 PM EST

BEIJING (AP) — Asian stocks slid Tuesday after tech losses dragged down Wall Street and Nissan's chairman was arrested on charges of financial misconduct. KEEPING SCORE: The Shanghai Composite Index fell 1 percent to 2,675.69 and Tokyo's Nikkei 225 lost 0.9 percent to 21,633.54. Hong Kong's Hang Seng...

Average US price of gas drops 12 cents per gallon to $2.72

Nov. 18, 2018 1:25 PM EST

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has dropped 12 cents a gallon over the past two weeks, to $2.72. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that falling crude oil costs are the main reason for the decrease at the pump. The average gas price...