Latest Retail industry News

FILE - In this May 8, 2020, file photo, a J.C. Penney store sits closed in Roseville, Mich. The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. Penney said late Friday, May 15, 2020, it will be closing some stores and will be disclosing details and timing in the next few weeks. (AP Photo/Paul Sancya, File)

JC Penney closing 154 stores in first post-bankruptcy phase

Jun. 4, 2020 9:59 PM EDT

NEW YORK (AP) — J.C. Penney said Thursday that it will start closing 154 of its stores next week in what it is calling the first phase of its efforts to shrink its footprint. The Plano, Texas-based retailer said it could take about 10 to 16 weeks to complete the closures. A list of the stores closing was...

In this Monday, June 1, 2020 photo, local customers sit in a terrace bar in downtown Barcelona. Spain is waiting until July to reopen its border for foreign tourists. In the meantime, authorities are encouraging Spaniards to vacation inside at home. (AP Photo/Emilio Morenatti)

Retailers look to boost sales, German car sales weak

Jun. 4, 2020 6:34 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus. ________________________ DOUBLE-DIGIT DROPS: — The Buckle's sales declined 16.8% in...

FILE - This Aug. 23, 2018, file photo shows a window display at a Gap Kids clothing store in Winter Park, Fla. Gap is being sued for refusing to pay rent for stores temporarily closed during the coronavirus pandemic. Mall owner Simon Property Group says in a lawsuit filed this week of June 4, 2020, that the clothing retailer owes three months of rent, totaling $65.9 million AP Photo/John Raoux, File)

Mall owner sues Gap for rent on coronavirus-shuttered stores

Jun. 4, 2020 6:26 PM EDT

NEW YORK (AP) — Gap is being sued for refusing to pay rent for stores temporarily closed during the coronavirus pandemic. Mall owner Simon Property Group said in a lawsuit filed this week that the clothing retailer owes three months of rent, totaling $65.9 million. Gap Inc. has more than 390 stores at...

West Virginia sues Rite-Aid, Walgreens over pain pill flood

Jun. 4, 2020 4:20 PM EDT

CHARLESTON, W.Va. (AP) — Rite-Aid and Walgreens failed to monitor and report suspicious orders of prescription painkillers in West Virginia while inundating their retail pharmacies with tens of millions of pills, according to a state lawsuit. The lawsuit filed by Attorney General Patrick Morrisey alleges...

Thieves take 150 pistols, rifles from Albuquerque gun store

Jun. 3, 2020 4:01 PM EDT

ALBUQUERQUE, N.M. (AP) — Dozens of handguns and rifles were stolen this week from a gun shop in New Mexico’s largest city, prompting authorities to offer a reward for information leading to the arrest and conviction of those responsible, officials said Wednesday. The heist at JCT Firearms took place...

Native corporation buys Alaska's largest alcohol retailer

Jun. 3, 2020 9:43 AM EDT

ANCHORAGE, Alaska (AP) — An Alaska Native village corporation from the Kodiak Island region has acquired the state’s largest retailer of liquor, wine and beer. Afognak Native Corp. announced Monday it completed the purchase of the Brown Jug chain from Canadian firm Alcanna Inc., The Anchorage Daily...

A woman poses for a photo by the

Spending starting to improve, some retail sales rising

Jun. 2, 2020 5:00 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the national and global response, the work place and the spread of the virus. ________________________ SPENDING: — With countries starting to loosen lockdown...

Owner Johnny Grimes stands outside his salon Monday, June 1, 2020, in Birmingham, Ala., as he works to board up the windows after it was vandalized and looted. Grimes said he was devastated by what had happened to his business but was sympathetic with those who demonstrated against police brutality.  (AP Photo/Jay Reeves)

Looting devastates businesses already shaken by virus

Jun. 2, 2020 3:22 PM EDT

NEW YORK (AP) — Looting and vandalism in cities across the country have dealt another blow to small businesses that were already reeling from the coronavirus outbreak. Along with big chain stores like Target, Walgreen and Macy’s, independent retailers in neighborhoods and downtown sections were...

US-Apple-Books-Top-10

Jun. 2, 2020 11:27 AM EDT

Rank, Book Title by Author Name, ISBN, Publisher 1. Fair Warning by Michael Connelly - 9780316539432 - (Little, Brown and Company) 2. Hideaway by Nora Roberts - 9781250207128 - (St. Martin’s Publishing Group) 3. Harry Potter and the Sorcerer’s Stone (Enhanced Edition) by J.K. Rowling -...

Plans canceled for car inspection facility in Virginia

Jun. 2, 2020 5:58 AM EDT

CHESTERFIELD, Va. (AP) — A car retailer has dropped plans to build a vehicle inspection facility that was slated to create new 500 jobs in Virginia. Carvana spokeswoman Amy O'Hara confirmed that the company had withdrawn plans for the plant in Chesterfield, the Richmond Times-Dispatch reported Monday....