Latest Retail and wholesale News
He'll be the last meatpacker in the Meatpacking District. Here's how NYC's gritty 'hood got chic
NEW YORK (AP) — When John Jobbagy’s grandfather immigrated from Budapest in 1900, he joined a throng of European butchers chopping up and shipping off meat in a loud, smelly corner of Manhattan that New Yorkers called the Meatpacking District. Today only a handful of meatpackers...
Man gets probation for helping Young Dolph's killers after Memphis rapper's shooting
MEMPHIS, Tenn. (AP) — A Tennessee man who helped two hired killers after they gunned down rapper Young Dolph at a Memphis bakery will not serve time in prison under a sentence of six years' probation, a judge ruled Friday. Jermarcus Johnson, 27, pleaded guilty in June 2023 to three...
A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
NEW YORK (AP) — Target on Wednesday reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items. The Minneapolis retailer fell short of Wall Street expectations for the...
Small, luxury foods are great as stocking stuffers or other gifts. Ideas for under $50
If you have an avid cook or food lover in your life, your gifting opportunities these days are vast and deep. There are authentic ingredients and creative concoctions in brick-and-mortar shops and online. The global pantry beckons. Plus, in many cases, the packaging is gorgeous! Many...
Snack judgment: Spanish court slaps supermarket that fired a worker for eating a croquette
BARCELONA, Spain (AP) — A Spanish court has upheld a ruling that a supermarket worker was unlawfully fired for having eaten a croquette that was going to be thrown away after not having been sold from the store’s deli section. The worker was fired in July 2023 after he had...
Grocery chains vie for a place on Thanksgiving tables with turkey dinner deals and store brands
NEW YORK (AP) — With Thanksgiving less than two weeks away, Walmart, Target, Aldi and other grocers are competing for a place on holiday tables with turkey dinner deals and other promotions to tempt Americans who haven't recovered from recent food price inflation. Walmart, the...
Naval Academy graduate charged with hate crime for tearing down LGBTQ+ pride flag
ANNAPOLIS, Md. (AP) — A U.S. Naval Academy graduate ripped down a tattoo shop's LGBTQ+ pride flag and put it in the trash, Annapolis police said in documents charging him with a hate crime. Charlie Garrett, co-owner of the Dapper Dog Tattoo Shop, told police Friday morning that the...
Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion
NEW YORK (AP) — Jersey Mike's, the quickly expanding sandwich chain, is being acquired by asset management giant Blackstone. In the transaction announced Tuesday, private equity funds managed by Blackstone will be used to acquire majority ownership of Jersey Mike's. The deal is...
Uniqlo's chief says fast fashion must change with the times
TOKYO (AP) — Forty years after its founding, Japanese clothing retailer Uniqlo has more than 2,500 stores worldwide. Sales at its parent company, Fast Retailing Co., recently topped 3 trillion yen ($20 billion) annually for the first time. The name Uniqlo comes from joining the...
Retail sales up solidly in October as Americans showed continued willingness to spend
WASHINGTON (AP) — Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy's steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though...
