Latest Sales figures News

A passenger waits to check his luggage at Belgrade Nikola Tesla Airport, Serbia, Thursday, May 21, 2020. Serbia's national carrier Air Serbia has resumed commercial flights as the government eased the lockdown against the new coronavirus. Crisis authorities have said the situation in the country has stabilized despite virus clusters in the southern area. (AP Photo/Darko Vojinovic)

Nations ease more restrictions, air travel opening up more

May. 29, 2020 9:00 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ BY LAND AND BY SEA: Passenger traffic has resumed at the main...

Shoppers walks past a Nordstrom window display at The Grove shopping center Wednesday, May 27, 2020, in Los Angeles. California moved to further relax its coronavirus restrictions and help the battered economy. Retail stores, including those at shopping malls, can open at 50% capacity. (AP Photo/Marcio Jose Sanchez)

Nordstrom's 1Q sales fell 40% as pandemic shuttered stores

May. 28, 2020 6:13 PM EDT

NEW YORK (AP) — Upscale department store retailer Nordstrom reported Thursday that its sales plunged nearly 40% in its fiscal first quarter when the pandemic forced a temporary shutdown of its stores. The Seattle-based company, however, said it has improved its financial flexibility by reducing inventory...

A sign

41 million jobs lost; homebound gear up to get out, way out

May. 28, 2020 5:24 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. ________________________ IMMOBILIZED: Job cuts in the transportation industry have arrived...

FILE - This Jan. 31, 2017, file photo, shows the entrance to SeaWorld, in Orlando, Fla. Officials from SeaWorld and Disney World say they hope to open their theme parks in Orlando, Fla. in June and July. A city task force approved the plans on Wednesday, May 27, 2020. (AP Photo/John Raoux, File)

Nevada casinos to reopen; America can't get enough pizza

May. 27, 2020 5:56 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ TRAVEL & LEISURE: Viral videos out of places like Lake of the...

A pedestrian browses the display window at The Loop fashion and shoe store as businesses slowly begin to reopen after social distancing restrictions shuttered storefronts nationwide, Tuesday, May 26, 2020, in Yonkers, N.Y. (AP Photo/John Minchillo)

NYSE floor reopens, traders buy shares of Crocs, airlines

May. 26, 2020 4:36 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to national and global response, the work place and the spread of the virus. ________________________ GREEN SHOOTS: States are in varying degrees of reopening, and so are...

With the exception of the cleaning staff, the center court at Westmoreland Mall in Hempfield, Pa., near Pittsburgh, remains clear of large crowds on Monday, March 18, 2020, despite some businesses in the mall remaining open during the coronavirus pandemic. (Steve Adams/Pittsburgh Tribune-Review via AP)

Malls look toward rocky future following pandemic

May. 23, 2020 3:05 AM EDT

PITTSBURGH (AP) — America’s once-dazzling shopping industry is facing blow after blow as department stores anchoring malls across the country file for bankruptcy, a move that could leave already struggling shopping malls permanently in the dark. Sales have plummeted, with a record 16% drop in retail...

A doorman wearing a face shield and mask to protect from coronavirus stands outside the main entrance of the Fortnum & Mason department store as customers leave carrying shopping bags in the Piccadilly area of central London, Friday, May 22, 2020. The store reopened its food hall department for customers to enter yesterday as part of a phased reopening as the British government is beginning to relax aspects of its nationwide coronavirus lockdown. (AP Photo/Matt Dunham)

Global tourism upended; worst-case earnings scenario dodged

May. 22, 2020 7:14 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to national and global response, the work place and the spread of the virus. ________________________ SUPPLY DEMANDED: The virus has upended supply chains and shut stores...

FILE - In this March 30, 2020 file photo, bicyclists pass in front of a closed Macy's department store in Santa Ana, Calif. Macy’s warned Thursday, May 21 that it could lose more than a $1 billion during its first quarter after the coronavirus pandemic paralyzed retail operations worldwide. (AP Photo/Chris Carlson)

Pandemic highlights big box stores' ability to pivot

May. 21, 2020 5:05 PM EDT

NEW YORK (AP) — Late last year, Best Buy began testing curbside pickup at select stores as a way to respond to customer needs. But that was then. The pandemic accelerated the company's plans and what was supposed to take months instead took just 48 hours, with Best Buy rolling out curbside pickup at nearly...

Inovio, Spotify rise; Urban Outfitters, Eaton Vance fall

May. 20, 2020 4:31 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Urban Outfitters Inc., down $1.39 to $16.54. The clothing and accessories retailer reported a surprisingly big loss during the first quarter as shutdowns hurt sales. Lowe's Companies Inc., up 12 cents to $116.99. The home...

FILE - In this March 22, 2020 file photo, customers wearing masks walk into a Lowe's home improvement store in the Canoga Park section of Los Angeles.  Lowe’s move to revamp its outdated online business in recent months paid off during the first quarter, as shut-in shoppers shifted to its online services for supplies for their do-it-yourself home projects during the pandemic. The nation’s second-largest home improvement retailer behind Home Depot saw an 80% increase in online sales for the quarter, reported Wednesday, May 20. (AP Photo/Mark J. Terrill)

Lowe's retooled online business pays off during the pandemic

May. 20, 2020 12:29 PM EDT

NEW YORK (AP) — Lowe's Cos.'s move to revamp its outdated online business in recent months paid off in the first quarter, as shoppers shut in because of the pandemic shifted to online services for supplies for their do-it-yourself home projects. The nation's second-largest home improvement retailer behind...