Latest Retail sales News

Corporate America embraces 420 as pot legalization grows

Apr. 19, 2019 8:58 PM EDT

LOS ANGELES (AP) — Marijuana users have for decades celebrated their love of the drug on April 20, but the once counter-culture celebration that was all about getting stoned now is so mainstream Corporate America is starting to embrace it. No, Hallmark doesn't yet have a card to mark "420." But many other...

Asian stocks rise in quiet holiday trading

Apr. 18, 2019 11:55 PM EDT

TOKYO (AP) — Asian stock indexes rose moderately in quiet holiday trading on Good Friday as some markets were closed. Japan's benchmark Nikkei 225 edged up 0.5% in early trading to 22,191.98. South Korea's Kospi rose 0.3% to 2,221.1. The Shanghai Composite gained 0.6% to 3,269.59. Some markets remain...

US retail sales soared 1.6% in March

Apr. 18, 2019 9:56 AM EDT

WASHINGTON (AP) — U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped. The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6% from February, the strongest increase since September 2017. The gains...

US retail sales surged 1.6% in March, fastest pace since September 2017 in a positive for economic growth

Apr. 18, 2019 8:31 AM EDT
WASHINGTON (AP) — US retail sales surged 1.6% in March, fastest pace since September 2017 in a positive for economic growth.

Correction: CBD Goes Mainstream story

Apr. 16, 2019 5:51 PM EDT

NEW YORK (AP) — In a story April 15 about CBD, The Associated Press reported erroneously the parent company of Nine West. It is Authentic Brands Group, not Authentic Fitness. A corrected version of the story is below: Mainstream retailers embrace marijuana's less taboo cousin Retailers take advantage of...

Best Buy names new CEO as Hubert Joly steps down

Apr. 15, 2019 1:47 PM EDT

NEW YORK (AP) — The executive credited with reviving a struggling Best Buy is stepping aside. Hubert Joly, 59, is handing leadership of the reinvigorated electronics retailer to longtime executive Corie Barry, 43, as part of the company's succession plan effective June 11. Barry, who is currently the...

US retail sales declined 0.2 percent in February

Apr. 1, 2019 4:11 PM EDT

WASHINGTON (AP) — U.S. retail sales fell in February, as consumers pulled back their spending on building materials, groceries, furniture, electronics and clothing amid signs of a slowing economy. The Commerce Department said Monday that retail sales fell 0.2 percent in February, after posting an upwardly...

US retail sales slumped 0.2% in February; less spending on building materials, electronics and groceries

Apr. 1, 2019 8:33 AM EDT
WASHINGTON (AP) — US retail sales slumped 0.2% in February; less spending on building materials, electronics and groceries.

The Latest: Powell not worried about federal debt yet

Mar. 20, 2019 3:25 PM EDT

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:15 p.m. Federal Reserve Chairman Jerome Powell says rising levels of federal debt are a problem, though not a problem that needs to be addressed immediately. The budget proposal released this month by...

Asian stocks follow Wall Street higher ahead of Brexit vote

Mar. 12, 2019 1:26 AM EDT

BEIJING (AP) — Asian stocks followed Wall Street higher on Tuesday as investors awaited Britain's vote on a plan to leave the European Union. The Shanghai Composite Index rose 2.2 percent to 3,092.99 points and Tokyo's Nikkei 225 gained 1.9 percent to 21,530.17. Hong Kong's Hang Seng added 1.5 percent to...