Latest Retail industry News

FILE - In this Jan. 10, 2020, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 17 (AP Photo/Richard Drew, File)

Banks, communications companies lead stocks in early trading

Jan. 17, 2020 10:49 AM EST

NEW YORK (AP) — U.S. stocks edged higher in early trading Friday as solid earnings from banks helped extend momentum from the previous day's rally. State Street and Citizens Financial were among the latest banks to report encouraging results in a week of solid reports from larger financial institutions....

FILE - In this Jan. 10, 2020, file photo specialist Meric Greenbaum, center, works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 16. (AP Photo/Richard Drew, File)

Global stocks inspired by US rally, hopes for Chinese growth

Jan. 17, 2020 7:54 AM EST

Global stocks rose Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China's economic slowdown may have stabilized and Washington and Beijing signed a trade deal. European indexes were broadly higher, while markets in Shanghai, Tokyo and Hong Kong closed with gains, after the U.S.'s...

Missouri farmer ran one of the biggest frauds in US history

Jan. 17, 2020 1:01 AM EST

CHILLICOTHE, Mo. (AP) — Like all the best con artists, Randy Constant was a charmer, hard not to like. Big hearted. Good listener. You’d never have guessed that the father of three, grandfather of five was a liar, cheat and serial philanderer who masterminded one of the biggest and longest-running...

FILE - This Wednesday, Feb. 24, 2010 file photo shows an Old Navy Store in Paramus, N.J. On Thursday, Jan. 16, 2020, Gap Inc. says it no longer intends to spin off Old Navy as a separate entity after determining it would be too costly and complex, especially given the retailer's recent struggles. (AP Photo/Seth Wenig)

Gap dumps plans to spin off Old Navy as a separate entity

Jan. 16, 2020 6:11 PM EST

NEW YORK (AP) — Gap Inc. says it no longer intends to spin off Old Navy as a separate public company. The retailer said Thursday that its board scuttled the move after determining it would be too costly and complex, especially given the company's recent struggles. Its stock was up about 5% in after-hours...

Police: Attempted phone theft led to carjacking, shooting

Jan. 16, 2020 2:45 PM EST

WEST HAVEN, Conn. (AP) — What ended with Connecticut State Police fatally shooting a man in West Haven started with an attempted iPhone theft and a carjacking in Norwalk, police said Thursday. The suspect, whose name has not been made public, was shot Wednesday night following a pursuit that reached 90...

Georgia lawmakers: Tighten internet sales tax collections

Jan. 16, 2020 1:22 PM EST

ATLANTA (AP) — Georgia lawmakers have reached a deal to tighten sales tax collections by online businesses including Amazon, eBay and Airbnb. The House and Senate both passed a conference report Thursday, sending it to Gov. Brian Kemp for his signature. The measure would take effect April 1, meaning it...

FILE - In this Nov. 27, 2019, file photo Robin Hazal shops at a Kohl's ahead of Black Friday in Las Vegas. The nation's largest retail trade group said Thursday, Jan. 16, 2020, that holiday sales increased 4.1%, near the top end of its forecast. (AP Photo/John Locher)

Nation's largest retail trade group: holiday sales rose 4.1%

Jan. 16, 2020 12:32 PM EST

NEW YORK (AP) — The nation's largest retail trade group says holiday sales increased 4.1%, the top end of its forecast. The National Retail Federation had expected growth in a range of 3.8% to 4.2% for the November and December period. The growth is nearly double the 2.1% growth seen during the holiday...

In this Jan. 9, 2020, photo pick-up trucks are lined up for sale on the sales lot at Betley Chevrolet dealership in Derry, N.H. On Thursday, Jan. 16, the Commerce Department releases U.S. retail sales data for December. (AP Photo/Charles Krupa)

Confident consumers lift US retail sales in December

Jan. 16, 2020 9:32 AM EST

WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, evidence that Americans were willing to spend during the winter holidays after a sluggish November. The Commerce Department said Thursday that retail sales increased 0.3% in December from the previous month. Excluding sales at car dealers...

US shoppers lift retail sales a solid 0.3% last month after sluggish start to holidays

Jan. 16, 2020 8:32 AM EST
WASHINGTON (AP) — US shoppers lift retail sales a solid 0.3% last month after sluggish start to holidays.

Stronger beer in Utah weakens sales in border communities

Jan. 15, 2020 3:42 PM EST

SALT LAKE CITY (AP) — Businesses in communities bordering Utah say the state's new and stronger beer allowances have hurt sales. The beer sales have dropped about 20% to 30% in Utah-bordering communities in Wyoming, Idaho, Nevada and Colorado, The Salt Lake Tribune reports. The drop in sales came after...