Latest Multi-line retail News

FILE - In this Friday, March 20, 2020 file photo, customers wait in line at a Stop & Shop supermarket that opened special morning hours to serve people 60-years and older due to coronavirus concerns, in Teaneck, N.J. The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Stop & Shop will hire at least 5,000 new associates for regular part-time positions in its stores, distribution centers and delivery operations across New York, New Jersey, Connecticut, Massachusetts and Rhode Island.  (AP Photo/John Minchillo, File)

Lowe's hiring, McMenu shrinks, top Ford execs to defer pay

Mar. 26, 2020 7:06 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some of the latest developments Thursday related to the global economy, particular economic sectors, and the workplace: JOBS: As the coronavirus continues...

Dollar General: Let senior citizens shop when stores open

Mar. 16, 2020 9:29 PM EDT

GOODLETTSVILLE, Tenn. (AP) — Dollar General is dedicating the first hour of its daily store operations to senior citizens in response to the new coronavirus. The Goodlettsville, Tennessee-based discount retailer announced Monday that starting Tuesday, it is strongly encouraging younger customers to let...

Nordstrom to shutter all its stores to limit virus spread

Mar. 16, 2020 9:16 PM EDT

NEW YORK (AP) — Nordstrom Inc. says it will temporarily close all of its stores for two weeks starting Tuesday as it tries to limit the spread of the new virus. The Seattle-based upscale chain, which operates 380 stores including 116 department stores, is the latest retailer to announce temporary...

Business leaders try to calm panic-shopping Vegas residents

Mar. 15, 2020 5:43 PM EDT

LAS VEGAS (AP) — Clark County and Las Vegas business leaders tried Sunday to calm the public’s fears as some residents keep panic shopping in the city over concerns of the coronavirus. As of Saturday, health officials have announced 21 cases of coronavirus in Nevada with 16 cases in Clark County,...

FILE - In this Dec. 14, 2001, file photo, the logo of the Tesco Lotus superstore Bangkok branch, Thailand. Tesco, Britain's biggest supermarket chain, has agreed to sell its businesses in Thailand and Malaysia to Thailand's CP Group for $10.6 billion in what may be one of the biggest deals this year in Asia. (AP Photo/Sakchai Lalit, File)

Thailand's CP Group buying Tesco's Thai, Malaysian stores

Mar. 10, 2020 1:40 AM EDT

BANGKOK (AP) — British supermarket chain Tesco has agreed to a $10.6 billion deal to sell all its stores in Thailand and Malaysia to companies belonging to the CP Group, Thailand's biggest conglomerate. CP is controlled by the Chearavanont family, which Forbes magazine lists as Thailand's richest outside...

JPMorgan Chase, Square fall, Big Lots, Opko Health rise

Mar. 6, 2020 4:24 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: JP Morgan Chase & Co., down $5.89 to $108.08. The bank said that CEO Jamie Dimon is recovering after he underwent emergency heart surgery Thursday. Starbucks Corp., down 85 cents to $75.34. The coffee chain said a key sales...

UnitedHealth, Campbell rise; Nordstrom, Dollar Tree fall

Mar. 4, 2020 4:25 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Nordstrom Inc., down 56 cents to $32.88. The department store operator reported surprisingly bad fourth-quarter earnings and it gave investors a weak profit forecast for 2020. Ross Stores Inc., up 34 cents to $109.56. The...

Ocean State Job Lot purchases Vermont shopping center

Mar. 3, 2020 3:19 PM EST

BENNINGTON, Vt. (AP) — A Vermont shopping center was auctioned off to a discount retailer. Ocean State Job Lot plans to establish a store at the company's newly acquired Bennington Square shopping center, the Bennington Banner reported Monday. "That's going to help revitalize that center. It's going to...

FILE - This Feb. 20, 2020 file photo shows America Ferrera, producer of the Netflix series

America Ferrera to depart NBC comedy 'Superstore'

Feb. 28, 2020 4:57 PM EST

LOS ANGELES (AP) — “Superstore” is losing its manager — star America Ferrera says she’s departing the NBC sitcom after its current season. Ferrera plays the manager of a big box store in the show, which has already been renewed for a sixth season. The actress also serves as an...

Express Mart owner settles St. Louis discrimination lawsuit

Feb. 19, 2020 5:11 PM EST

ST. LOUIS (AP) — The company that owns Express Mart convenience stores has agreed to pay $25,000 and make several changes to settle a disability discrimination lawsuit, federal officials announced Wednesday. Home Service Oil Co., doing business as Express Mart, also will improve its recruitment of disabled...