Latest Retail and wholesale News

Two men plead not guilty in death of Mississippi store owner

Sep. 28, 2020 9:38 AM EDT

HATTIESBURG, Miss. (AP) — Two of the five men accused of fatally shooting a Mississippi grocery store owner were arraigned in court Friday. Eric “Lil E” Williams and Jatyran “Tug” Tuggle pleaded not guilty to conspiracy to commit armed robbery and capital murder in the 2019...

Task force OKs allowing 100% capacity for retailers

Sep. 27, 2020 10:22 AM EDT

CONCORD, N.H. (AP) — The governor's economic reopening task force has approved updated guidance allowing full capacity at retail stores, which have been hard hit by the coronavirus pandemic. Retailers have been limited to half capacity, and while some sectors like garden centers have done well, some...

Gas prices drop more in NJ, tick up across nation overall

Sep. 26, 2020 12:20 PM EDT

TRENTON, N.J. (AP) — Gas prices dropped further in New Jersey but ticked up across the nation on average, analysts say. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.17, down two cents from last week. The national average price for a gallon of regular...

The crew on a lobster boat hauls traps at sunrise, Monday, Sept. 21, 2020, off Portland, Maine. The state's lobster fishermen braced for a difficult summer this year due to the coronavirus pandemic, but the season was unexpectedly decent. (AP Photo/Robert F. Bukaty)

Maine lobster business salvaged its summer despite pandemic

Sep. 26, 2020 8:30 AM EDT

PORTLAND, Maine (AP) — Maine's lobster fishermen braced for a difficult summer this year because of the coronavirus pandemic, but then the unexpected happened. They kept catching lobsters, and people kept buying them. The pandemic has posed significant challenges for the state's lobster fishery, which is...

FILE - In this Aug. 27, 2018, file photo, a patched sign stands at the construction site for the Consumer Financial Protection Bureau's new headquarters in Washington. California created what supporters called its own nation-leading, state-level version of the federal Consumer Financial Protection Bureau after critics said the Trump administration significantly weakened national protections, Friday, Sept. 25, 2020. The legislation that Gov. Gavin Newsom signed into law changes the existing Department of Business Oversight into the Department of Financial Protection and Innovation in what proponents said is the first such move by any state. (AP Photo/Andrew Harnik, File)

California expands financial protections after US rollback

Sep. 25, 2020 6:58 PM EDT

SACRAMENTO, Calif. (AP) — California on Friday created what supporters call its own nation-leading, state-level version of the federal Consumer Financial Protection Bureau after critics said the Trump administration significantly weakened national protections. The legislation that Gov. Gavin Newsom signed...

FILE - In this Wednesday, March 21, 2018 file photo, The logo of the German car manufacturer BMW is visible at the headquarters during the earnings press conference in Munich, Germany. BMW will pay an $18 million fine to settle allegations that it inflated its U.S. monthly sales numbers for five straight years. The Securities and Exchange Commission said Thursday, Sept. 24, 2020 that the German luxury automaker kept a reserve of unreported sales that it drew on to meet monthly targets from 2015 to 2019.(AP Photo/Matthias Schrader, File)

BMW fined $18 million for inflating monthly US sales figures

Sep. 24, 2020 5:43 PM EDT

DETROIT (AP) — BMW will pay an $18 million fine to settle allegations that it inflated its monthly U.S. sales numbers for five straight years. The Securities and Exchange Commission said Thursday that the German luxury automaker kept a reserve of unreported sales that it drew on to meet monthly targets...

E.W. Scripps, Darden rise; Accenture, Penn National fall

Sep. 24, 2020 4:34 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday: Owens & Minor Inc., up $6.52 to $20.31. The medical supplies distributor raised its profit forecast for the year because of better demand and productivity. Darden Restaurants Inc., up $7.31 to $97.31. The owner of Olive Garden...

This is the sign on a Rite Aid Pharmacy in Pittsburgh, Pa., Tuesday, April 14, 2020.  Rite Aid topped Wall Street expectations for the fiscal second quarter, Thursday, Sept. 24,  and gave a revised annual forecast, one quarter after withdrawing it due to COVID-19 uncertainty. (AP Photo/Gene J. Puskar)

Rite Aid tops Street 2Q expectations, revises forecast

Sep. 24, 2020 9:14 AM EDT

Rite Aid topped Wall Street expectations for the fiscal second quarter and gave a revised annual forecast, one quarter after withdrawing it due to COVID-19 uncertainty. The drugstore chain said Thursday that its quarterly loss shrank to $13.2 million from $79.3 million in the previous year’s quarter. An...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 24, 2020. Asian shares were mostly lower Thursday as caution again after a retreat on Wall Street driven by a decline in technology shares.(AP Photo/Ahn Young-joon)

Asian shares fall as caution sets in after Wall St retreat

Sep. 23, 2020 11:05 PM EDT

Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. Market players are feeling less optimistic about action from the U.S. Federal Reserve and Congress to help the U.S. economy amid the distractions of the presidential election and the...

Oregon Lottery games offline for Portland, coast after fires

Sep. 23, 2020 3:10 PM EDT

PORTLAND, Ore. (AP) — Oregon Lottery games in Portland and on the coast went dark after damage caused by wildfires. Matt Shelby, an Oregon Lottery spokesperson, said 95 retailers in the Portland area and 25 on the northern Oregon coast lost connection to lottery games when fires damaged the Century Link...