Latest Retail sales News

N. Carolina artists face fears, change tactics in pandemic

Oct. 31, 2020 12:02 AM EDT

WILMINGTON, N.C. (AP) — As she watched COVID-19 cancel Wilmington-area festivals earlier this year, Linda Callison started freaking out a little. Callison, a 60-year-old Wilmington-based artist, relies on venues like festivals and farmer’s markets to sell her work. Her jewelry business - called Out...

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...

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...

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...

FILE - In this Wednesday, Oct. 14, 2020 file photo, the American Flag hangs outside the New York Stock Exchange in New York. Stocks are opening higher on Wall Street, putting the market on track to end a choppy week of trading slightly higher. If the gains hold, the S&P 500 would mark its third straight weekly gain. In the first few minutes of trading Friday, Oct. 16 the benchmark index was up 0.4%. (AP Photo/Frank Franklin II)

A late slide erases gains for US indexes, leaving them mixed

Oct. 16, 2020 4:57 PM EDT

Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to a mixed finish. The S&P 500 ended the day just a fraction of a point higher after a burst of selling erased a 0.9% gain. Despite a three-day stretch of losses, the benchmark...

Passers-by examine a storefront window, Tuesday, Sept. 15, 2020, in Boston's fashionable Newbury Street shopping district. Retail sales rose in September for the fifth month in a row, as Americans spent more on clothing, cars and sporting goods. The U.S. Commerce Department said Friday, Oct. 16,  that retail sales grew 1.9% last month.AP Photo/Steven Senne)

US retail sales grow for 5th month in a row

Oct. 16, 2020 10:43 AM EDT

NEW YORK (AP) — Retail sales rose strongly in September, the fifth straight month of growth, as Americans spent more on clothing, cars and sporting goods. U.S. retail sales jumped 1.9% last month, the U.S. Commerce Department said Friday. That's more than double what was economists were expected. And it's...

Retail sales in the U.S. rose 1.9% in September, the 5th consecutive month of growth

Oct. 16, 2020 8:32 AM EDT
NEW YORK (AP) — Retail sales in the U.S. rose 1.9% in September, the 5th consecutive month of growth.

Mainers spent over $250K on cannabis during first weekend

Oct. 13, 2020 3:52 PM EDT

SOUTH PORTLAND, Maine (AP) — Maine residents spent more than $250,000 on marijuana over the course of the first weekend of legal retail sales of the drug in the state. Voters in the state chose to legalize adult use marijuana in 2016, but retail sales didn't become legal until this month. The Maine Office...

This Week: Delta earns, producer price index, retail sales

Oct. 12, 2020 2:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: TURBULENT TRAJECTORY Delta Air Lines reports its results for the third quarter Tuesday. Wall Street predicts the airline's losses mounted after a sharp drop in revenue versus the same quarter last year. The pandemic has led to...