Latest Retail industry News

Reports say stolen Hy-Vee account information being sold

Aug. 24, 2019 2:44 PM EDT

DES MOINES, Iowa (AP) — An Iowa-based grocery chain says it's aware of reports that hacked customer account information is being sold online. The Des Moines Register was the first to report that credit and debit card information of some Hy-Vee customers is being sold on an internet site for $17 to $35...

Drivers continue to see prices drop in NJ, around nation

Aug. 24, 2019 9:41 AM EDT

TRENTON, N.J. (AP) — Drivers in New Jersey and around the nation continue to see prices at the pump drop as the summer driving season nears its end. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.66, four cents lower than last week and substantially below...

The Latest: Trump defends ordering companies to leave China

Aug. 24, 2019 12:34 AM EDT

WASHINGTON (AP) — The Latest on the escalating trade war between the U.S. and China, the world's two largest economies (all times local): 12:35 a.m. President Donald Trump is pushing back against those questioning whether he has the authority to order American companies to cut trade ties with China. Trump...

Nevada judge freezes licensing process for new pot shops

Aug. 23, 2019 6:34 PM EDT

LAS VEGAS (AP) — A judge on Friday froze the permit process for some new Nevada retail cannabis stores, issuing a ruling that sided with companies that lost bids to open recreational pot shops. Clark County District Court Judge Elizabeth Gonzalez issued an injunction halting several dozen new licenses...

Salesforce, Intuit rise while Hasbro, Foot Locker stumble

Aug. 23, 2019 4:28 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Salesforce.com Inc., up $3.33 to $151.57 The customer-management software developer blew past Wall Street's second quarter profit expectations and raised its revenue forecast for the year. Intuit Inc., up $3.03 to $278.74 The...

Feds settle with supermarket group over clean air violations

Aug. 23, 2019 2:34 PM EDT

JACKSONVILLE, Fla. (AP) — A supermarket company has agreed to reduce emissions of ozone-depleting gases from refrigeration equipment at more than 500 stores in seven southeastern states, federal authorities said Friday. The Department of Justice and the Environmental Protection Agency reached the agreement...

Gap's 2Q profits fall, reflecting chain still mired in slump

Aug. 22, 2019 6:53 PM EDT

NEW YORK (AP) — Gap Inc.'s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of its business. The beleaguered San Francisco-based chain also reported comparable sales declines at its three top brands, including at Old Navy, once a bright spot. The...

Zappos.com making gift to refurbish Louisville stadium seats

Aug. 22, 2019 6:42 PM EDT

LOUISVILLE, Ky. (AP) — Online apparel retailer Zappos.com has made a five-year, $1.5 million commitment to Louisville athletics to refurbish lower bowl seats in Cardinal Stadium and restore their red color. The university said in a news release the approximately 37,800 lower bowl seats were installed...

Overstock CEO resigns after 'Deep State' comments roil stock

Aug. 22, 2019 5:15 PM EDT

SAN FRANCISCO (AP) — The CEO of Overstock.com has resigned, saying he'd become "far too controversial" to helm the e-commerce company known for selling discounted sofas and jewelry. Patrick Byrne's resignation Thursday came after the company issued a bizarre statement last week in which the former CEO...

US stock indexes end mixed ahead of Fed chairman speech

Aug. 22, 2019 5:14 PM EDT

A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Losses by health care, technology and energy companies, among other sectors, outweighed gains by banks, consumer goods makers and elsewhere in the...