Latest Retail and wholesale News
Chinese online retailer Temu suspended in Vietnam
HANOI, Vietnam (AP) — Vietnam has suspended the operations of Chinese online retailer Temu after it failed to meet a government deadline to register the company by the end of November. It is unclear if Temu, a unit of Chinese e-commerce giant Pinduoduo, will be allowed to resume...
Taylor Swift 'Eras' tie-in book is a smash, selling more than 800,000 copies in first weekend
NEW YORK (AP) — Just one retail chain was enough for Taylor Swift to have the top-selling book last week and the biggest publishing launch of 2024. According to Circana, Swift's “Eras Tour Book” sold 814,000 copies over the Thanksgiving holiday weekend. Circana tracks around...
Zealous tourists are unfazed by South Korea's sudden martial law turmoil
SEOUL, South Korea (AP) — Many tourists in Seoul seemed largely unfazed by the political turmoil unfolding in the capital as they flocked Wednesday to the city’s largest palace, local landmarks and shopping streets. Some awoke to worried text messages from friends and family, who...
Nearly 30% of US drugstores closed in one decade, study shows
Nearly three out of 10 U.S. drugstores that were open during the previous decade had closed by 2021, new research shows. Black and Latino neighborhoods were most vulnerable to the retail pharmacy closures, which can chip away at already-limited care options in those communities,...
Former Abercrombie CEO's partner pleads not guilty to sex trafficking charges, is freed on bond
CENTRAL ISLIP, N.Y. (AP) — Matthew Smith, the partner of former Abercrombie & Fitch CEO Mike Jeffries, was released on $10 million bond Tuesday in their sex trafficking case with conditions including home detention and GPS monitoring. Smith, 61, pleaded not guilty to sex...
Cyber Monday shoppers expected to set a record on the year's biggest day for online shopping
Consumers in the United States are scouring the internet for online deals as they look to take advantage of the post-Thanksgiving shopping marathon with Cyber Monday. Even though e-commerce is now part and parcel of many people's regular routines and the holiday shopping season,...
Stock market today: Rising tech stocks pull Wall Street to another record
NEW YORK (AP) — Technology stocks pulled Wall Street to another record amid a mixed Monday of trading. The S&P 500 rose 0.2% from its all-time high set on Friday to post a record for the 54th time this year. The Dow Jones Industrial Average fell 128 points, or 0.3%, while the...
Can AI chatbots make your holiday shopping easier?
Tired of thinking about what gifts to get everyone this year? Artificial intelligence chatbots might help, but don't expect them to do all the work or always give you the right answers. Anyone scouring the internet for Cyber Monday deals is likely going to encounter more...
Shopping on Shein and Temu for holiday gifts? You're not the only one.
Shopping on Temu can feel like playing an arcade game. Instead of using a joystick-controlled claw to grab a toy, visitors to the online marketplace maneuver their computer mouses or cellphone screens to browse colorful gadgets, accessories and trinkets with prices that look too good to refuse. ...
Why your favorite catalogs are smaller this holiday season
PORTLAND, Maine (AP) — Honey, they shrunk the catalogs. While retailers hope to go big this holiday season, customers may notice that the printed gift guides arriving in their mailboxes are smaller. Many of the millions of catalogs getting sent to U.S. homes were...
