Latest Retail industry News

FILE - In this Tuesday, Aug. 4, 2020, file photo, signage is pictured at a Walmart store in Oklahoma City. On Thursday, Oct. 22, 2020, Walmart filed a lawsuit against the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis. (AP Photo/Sue Ogrocki, File)

Walmart sues US in pre-emptive strike in opioid abuse battle

Oct. 22, 2020 8:21 PM EDT

NEW YORK (AP) — Walmart is suing the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis. The government is expected to take civil action against the world's largest retailer, seeking big financial penalties, for the role its pharmacies may have played...

FILE - This Aug. 23, 2018, file photo shows a window display at a Gap Kids clothing store in Winter Park, Fla.  Gap is moving away from  the nation’s malls. The brand, which was for decades a fixture at shopping malls around the country, said that it will be closing 220 stores _ or one third of its store base  by early 2024 _ and focus on outlet malls and its e-commerce business.   (AP Photo/John Raoux, File)

Gap Inc. exiting malls, to shutter 350 stores by 2024

Oct. 22, 2020 5:34 PM EDT

NEW YORK (AP) — Gap Inc. is moving away from the nation’s malls. The San Francisco-based retailer, which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing 220 of its namesake Gap stores — or one-third of its store base — by early...

Washington state farmers adapt to pandemic with online sales

Oct. 21, 2020 11:40 AM EDT

MOUNT VERNON, Wash. (AP) — Some farms in Washington state are turning to online sales to adapt to business challenges caused by the coronavirus pandemic. Many small farms in Skagit County, including Farias Farm, started selling their produce online after coronavirus restrictions left fewer options to sell...

FILE - In this May 8, 2020 file photo, a parking lot at a JC Penney store is empty in Roseville, Mich.  J.C. Penney anticipates being out of bankruptcy protection before the December holiday season. The retailer said Wednesday, Oct. 21 that it filed a draft asset purchase agreement under which mall owners Brookfield Asset Management Inc. and Simon Property Group will acquire substantially all of its retail and operating assets through a combination of cash and new term loan debt. (AP Photo/Paul Sancya, File)

JC Penney sees bankruptcy protection exit by Christmas

Oct. 21, 2020 9:25 AM EDT

NEW YORK (AP) — J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs. The beleaguered, century-old retailer said Wednesday that it has filed a draft asset purchase agreement with the two biggest mall...

People stand near a bank's electronic board showing the Hong Kong share index Tuesday, Oct. 20, 2020. Asian shares fell moderately Tuesday, echoing Wall Street's decline as hopes faded Washington will come through with badly needed aid for the economy before the U.S. presidential election.   (AP Photo/Vincent Yu)

Asian shares track Wall Street fall as virus aid hopes fade

Oct. 19, 2020 11:55 PM EDT

TOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid for the U.S. economy before the U.S. presidential election. Investors have been focusing on U.S. economic stimulus amid global uncertainty about the...

Women eating snack walk by a Chanel cosmetic shop at the capital city's popular shopping mall in Beijing, Monday, Oct. 19, 2020. China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.(AP Photo/Andy Wong)

China's economy accelerates as virus recovery gains strength

Oct. 19, 2020 5:51 AM EDT

BEIJING (AP) — China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions. Growth in the world’s second-largest economy accelerated to 4.9% over a...

In this Sept. 18, 2020, photo provided by Kaiser Health News, face masks are sold at a COVID-19 Essentials store in Park Meadows Mall, in Lone Tree, Colo. The Lone Tree store called COVID-19 Essentials is part of what may be the country's first retail chain dedicated solely to an infectious disease. With many U.S. stores closing during the coronavirus pandemic, the owners of this chain have seized on an empty space in the Park Meadows Mall. They're banking on a growing acceptance that wearing masks is a reality that may last well into 2021, if not longer. (Markian Hawryluk/Kaiser Health News via AP)

COVID-inspired mask chain store aims to become obsolete

Oct. 18, 2020 11:10 AM EDT

LONE TREE, Colo. (AP) — Darcy Velasquez, 42, and her mother, Roberta Truax, were walking recently in the Park Meadows mall about 15 miles south of downtown Denver, looking for Christmas gifts for Velasquez’s two children, when they spotted a store with a display of rhinestone-studded masks....

This photo provided by Cresco Labs LLC shows Charlie Bachtell, CEO of Cresco Labs.  Demand for marijuana products in U.S. states where they are legal in some form has been resilient this year, despite the pandemic. Bachtell credits strong sales this year to growing marijuana demand and retailers having been deemed essential businesses during the pandemic.  (Cresco Labs LLC via AP)

Cresco Labs CEO talks legal marijuana industry challenges

Oct. 18, 2020 10:10 AM EDT

LOS ANGELES (AP) — Demand for marijuana products in U.S. states where they are legal in some form has been resilient this year, despite the pandemic. In California and other states that account for most of the retail sales of marijuana for recreational use, sales are up 8.5% from a year ago, according to...

U. S. Army, Arizona National Guard Pvt. Ronald Aguilar, right, takes the temperature of a man at a drive-thru COVID-19 saliva test on the main campus at Arizona Western College, Saturday, Oct. 17, 2020, in Yuma, Ariz. The testing, organized by the Yuma County Public Health Services District, lasted from 11 a.m. to 3 p.m., and saw 671 tests administered, according to Yuma County spokesperson Kevin Tunnell. The purpose of the testing, according to Yuma County, was to capitalize on the recent development of a saliva test for COVID-19 by Arizona State University's Biodesign Institute. (Randy Hoeft/The Yuma Sun via AP)

The Latest: Melbourne eases restrictions after cases drop

Oct. 17, 2020 11:54 PM EDT

MELBOURNE, Australia — Australia’s second-largest city, Melbourne, has loosened lockdown restrictions as new and active COVID-19 continue to decline. From midnight Sunday, Melbourne residents will no longer face limits on the time they can spend away from their homes for education or recreation....

Police: 3 Delaware women arrested after robbery, pursuit

Oct. 17, 2020 1:36 PM EDT

WILMINGTON, Del. (AP) — Delaware State Police said Saturday they had arrested three women on multiple charges in connection with a robbery at a sporting goods store during which two employees were pepper sprayed. Police said in a news release that they responded Friday evening to a Dick's Sporting Goods...