Latest Multi-line retail News

Sears sales decline improved in latest quarter; shares soar

Sep. 13, 2018 5:53 PM EDT

NEW YORK (AP) — Sears Holdings Corp., the struggling department store operator, said it key sales figure improved and its stock soared in after-hours trading Thursday. The company, which owns both Sears and Kmart, said sales fell 3.9 percent at established stores in its second quarter. That's an...

Germany's 2 main department store chains set to merge

Sep. 11, 2018 4:49 AM EDT

BERLIN (AP) — Germany's two main department store chains are set to merge in a deal under which Canada-based Hudson's Bay Co. will form a joint venture with Austria's Signa. The deal announced Tuesday will bring together Karstadt, owned by Signa, and Kaufhof, owned by HBC. It also includes HBC Europe's...

Tesla and Southern drop while Broadcom rises

Sep. 7, 2018 4:32 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Tesla Inc., down $17.71 to $263.24 The company's chief accounting officer resigned after a month on the job, and CEO Elon Musk appeared to smoke marijuana during an interview. Broadcom Inc., up $16.61 to $232.58 The chipmaker...

Nike and JD.com slip; State Street and Ocean Rig UDW rise

Sep. 4, 2018 4:31 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday: Nike Inc., down $2.60 to $79.60 Investors feared a backlash after the athletic apparel company announced an endorsement deal with former NFL quarterback Colin Kaepernick. JD.com Inc., down $1.87 to $29.43 The CEO of the Chinese...

Stocks waver along with US-Canada trade talks

Aug. 31, 2018 4:42 PM EDT

NEW YORK (AP) — Stocks hardly budged Friday as the U.S. and Canada were unable to complete a trade deal, but the two sides intend to continue negotiating next week. Energy companies slipped along with oil prices Friday and high-dividend stocks also fell. Technology companies and retailers made some modest...

Lululemon and American Outdoor rise; Ambarella drops

Aug. 31, 2018 4:32 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: American Outdoor Brands Corp., up $4.26 to $14.03 The gun, camping and hunting gear maker said sales improved and it cut costs. Lululemon Athletica Inc., up $17.93 to $154.93 The yoga pants maker raised its annual forecasts after...

Word on more China tariffs sends Asian stocks lower

Aug. 31, 2018 12:03 AM EDT

TOKYO (AP) — Asian shares fell Friday following a report that the Trump administration could put tariffs on $200 billion in Chinese goods as early as next week. KEEPING SCORE: Japan's benchmark Nikkei 225 lost nearly 0.2 percent to 22,830.03 in early trading. Australia's S&P/ASX 200 slipped 0.3 percent...

Electronic Arts and Dollar Tree slip; Signet and K2M climb

Aug. 30, 2018 4:44 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday: Electronic Arts Inc., down $12.58 to $115.94 The video game company delayed the next "Battlefield" game by four weeks and said the strong dollar is hurting its sales. Dollar Tree Inc., down $14.68 to $79.78 The discount retailer's...

Markets Right Now: Stocks stumble on new China trade fears

Aug. 30, 2018 4:10 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending lower after Bloomberg News reported the Trump administration could move forward with $200 billion in tariffs on Chinese goods as early as next week. The news knocked stocks lower Thursday afternoon,...

S&P 500, Nasdaq and Russell 2000 close at record highs

Aug. 24, 2018 7:15 PM EDT

Wall Street ended a week of milestones with a few more Friday. The benchmark S&P 500 index closed at an all-time high, just two days after the current bull market in U.S. stocks became the longest in history. The Nasdaq composite and the Russell 2000 indexes also ended the day at all-time highs. Technology...