Latest Retail industry News

Foundation gifts $1.5M to improve literacy at Detroit school

Oct. 20, 2021 10:16 AM EDT

DETROIT (AP) — A foundation named after late Detroit-area philanthropist Archie “Art” Van Elslander is donating $1.5 million to improve literacy at his former high school, officials said Wednesday. The A.A. Van Elslander Foundation gift will be used to create the...

Distillery to offer new attraction to Lake Cumberland region

Oct. 20, 2021 04:09 AM EDT

SOMERSET, Ky. (AP) — The Lake Cumberland region of southern Kentucky will get another tourist attraction once a new bourbon distillery opens. Gov. Andy Beshear and U.S. Rep. Hal Rogers attended a groundbreaking Tuesday for a $200 million tourism development project by...

US regulators lay out plan for over-the-counter hearing aids

Oct. 19, 2021 12:07 PM EDT

WASHINGTON (AP) — Health regulators on Tuesday unveiled their proposal to allow Americans to buy hearing aids without a prescription, a long-awaited move intended to make the devices more accessible to millions of people with hearing problems. The Food and Drug...

Millennial Money: Experts expect 5 things this Black Friday

Oct. 19, 2021 07:12 AM EDT

What do you get when you cross Black Friday deals with a continuing pandemic, supply chain disruptions and inflation? Answer: a very messy version of the biggest discount day of the year, which happens annually on the day after Thanksgiving. This year, that’s Nov. 26 ....

Massachusetts gas prices at highest level in 7 years

Oct. 18, 2021 15:52 PM EDT

WESTWOOD, Mass. (AP) — Gas prices in Massachusetts have surged to their highest level in seven years, AAA Northeast said Monday. With a 9-cent increase from a week ago, the average cost of a gallon of gas in the state is up to $3.27, the highest it's been since October...

Rhode Island gas prices soar to highest level in 7 years

Oct. 18, 2021 12:24 PM EDT

PROVIDENCE, R.I. (AP) — The average price of a gallon of gasoline in Rhode Island shot up 9 cents in the last week to its highest level in seven years, AAA Northeast said Monday. Gas is now selling for an average of $3.26 per gallon, which is 18 cents higher than a...

Liz Weston: How the toy shortage could affect your holidays

Oct. 18, 2021 07:20 AM EDT

Many popular toys may sell out long before the holidays, thanks to ongoing pandemic-related disruptions. This could be a disaster — or a great opportunity to reshape how we celebrate. We can shop earlier and more thoughtfully, resisting the last-minute scramble for...

China's economic growth weakens amid construction slowdown

Oct. 18, 2021 00:09 AM EDT

BEIJING (AP) — China’s economic growth is sinking under pressure from a construction slowdown and power shortages, prompting warnings about a possible shock to its trading partners and global financial markets. The world’s second-largest economy grew by a...

Gas prices rise in NJ, around nation amid high crude prices

Oct. 16, 2021 09:32 AM EDT

TRENTON, N.J. (AP) — Gas prices jumped up again in New Jersey and across the nation, due in large part to high crude oil prices, analysts said. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.31, up six cents from a week...

China crackdown on Apple store hits holy book apps, Audible

Oct. 15, 2021 17:01 PM EDT

Amazon's audiobook service Audible and phone apps for reading the holy books of Islam and Christianity have disappeared from the Apple store in mainland China, the latest examples of the impact of the country's tightened rules for internet firms. Audible said Friday that...