Latest Retail industry News

FILE - In this Jan. 29, 2020, file photo, Tony Bonczewski repairs a heel on a customer's shoe at his cobbler shop in Wilkes-Barre, Pa. Small business owners have received some upbeat news on the economy this month. Retail sales figures released Friday showed that consumers were inspired by unseasonably warm weather to spend on their homes in January, but that overall sales growth was modest. (Aimee Dilger/The Times Leader via AP, File)

US small businesses are getting upbeat news on the economy

Feb. 18, 2020 3:29 PM EST

Small business owners have received some upbeat news on the economy this month. Retail sales figures released Friday showed that consumers were inspired by unseasonably warm weather to spend on their homes in January, but that overall sales growth was modest. The Commerce Department reported a 0.3% gain last...

FILE - This June 25, 2019, file photo shows the entrance to a Walmart in Pittsburgh. Walmart is reporting  disappointing fourth-quarter profits and sales. The nation's largest retailer says that sales at its U.S. stores heading into the holiday season were weaker than expected. It also said that social unrest in Chile hurt its business. (AP Photo/Gene J. Puskar, File)

A rare miss for Walmart to end the year

Feb. 18, 2020 2:58 PM EST

NEW YORK (AP) — Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season. Violent social protests in Chile, where there are hundreds of Walmart stores, cut into international sales. Walmart also delivered a weak profit forecast for the year and...

The top 10 Apple Books on the iTunes Store

Feb. 18, 2020 1:03 PM EST

Apple Book charts for week ending February 16, 2020: (Rank, Book Title by Author Name, ISBN, Publisher) 1. Summer of '79 by Elin Hilderbrand - 9780316541800 - (Little, Brown and Company) 2. Open Book by Jessica Simpson - 9780062899989 - (Dey Street Books) 3. The Bedroom Experiment by Kendall Ryan - No ISBN...

This Oct. 20, 2019 photo released by  412 Food Rescue shows a volunteer using the Food Rescue Hero app to check in at a Pittsburgh grocery store to pick up donated food. While millions of people struggle with food insecurity and hunger nationwide, the USDA estimates that more than 30% of the food in America is wasted each year.  (Monica Godfrey-Garrison/412 Food Rescue via AP)

Apps help volunteers get excess food to the hungry

Feb. 18, 2020 12:48 PM EST

Food waste and hunger are two enormous problems that some non-profit groups say can be addressed together by getting the extra food to the people who need it. New apps are making that easier. The USDA estimates that more than 30% of the food in America is wasted each year. Besides food waste at home, there is...

FILE - This Sept. 9, 2019, file photo shows reading material on a Southwest Airlines plane at the Tampa International Airport in Tampa, Fla. The Southwest Companion Pass, a benefit of the Southwest Rapid Rewards program allows pass holders to bring one companion on flights for at least a full calendar year free of airline charges (not including taxes and fees). (AP Photo/Mike Stewart, File)

Millennial Money: Make your brand loyalty pay off

Feb. 18, 2020 11:16 AM EST

Blogger Dani Austin of Dallas, Texas, logged into her Southwest Airlines account a few days before the end of 2019. Shortly after, she and her husband, Jordan Joseph Ramirez, flew to Las Vegas (and back home) in less than 72 hours. The spontaneous trip was part of a last-ditch attempt to try to earn the...

A customer steps out of a Pier 1 Imports store which was having a closeout sale, Monday, Feb. 17, 2020, in Larchmont, N.Y. Home goods retailer Pier 1 Imports Inc. filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company, which was founded in 1962, has recently struggled with increased competition from online retailers such as Wayfair. (AP Photo/Julie Jacobson)

Pier 1 files for bankruptcy protection amid online challenge

Feb. 17, 2020 7:17 PM EST

Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company has been struggling with increased competition from budget-friendly online retailers like...

FILE - In a Feb. 14, 2020 file photo, employees wear face masks as they stand in a reopened Apple Store in Beijing. Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones. The Cupertino, California-based company said Monday, Feb. 17, 2020 that all of its iPhone manufacturing facilities are outside Hubei province, and all have been reopened, but production is ramping up slowly. (AP Photo/Mark Schiefelbein, File)

Apple warns China virus will cut iPhone production, sales

Feb. 17, 2020 5:18 PM EST

CUPERTINO, Calif. (AP) — Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones. The Cupertino, California-based company said Monday that all of its iPhone manufacturing facilities are outside Hubei...

Trader Ronald Madarasz works on the floor of the New York Stock Exchange, Friday, Feb. 14, 2020. U.S. stocks wobbled between small gains and losses in early trading Friday as investors focused on another round of mostly solid corporate earnings. (AP Photo/Richard Drew)

US stocks post small gains, major indexes up for the week

Feb. 14, 2020 5:13 PM EST

Wall Street closed out a wobbly day of trading Friday with the major stock indexes notching their second straight weekly gain. The S&P 500 and Nasdaq eked out tiny gains, good enough to nudge each to an all-time high for the fourth time this week. The Dow Jones Industrial Average ended with a slight loss....

The Official U.S. Government Medicare Handbook for 2020 over pages of a Department of Health and Human Services, Office of the Inspector General report, are shown, Thursday, Feb. 13, 2020 in Washington.  A government watchdog tells The Associated Press it will launch a nationwide audit that may shed light on how seniors’ personal Medicare information is getting to telemarketers, raising concerns about fraud and waste. An official with the Health and Human Services inspector general's office says the audit will be announced next week.  (AP Photos/Wayne Partlow)

Feds probing how personal Medicare info gets to marketers

Feb. 14, 2020 12:46 PM EST

WASHINGTON (AP) — A government watchdog is launching a nationwide probe into how marketers may be getting seniors’ personal Medicare information aided by apparent misuse of a government system, officials said Friday. The audit will be formally announced next week said Tesia Williams, a spokeswoman...

FILE - In this Jan. 22, 2020, file photo a person walks by a retail clothing store in Valley West Mall in West Des Moines, Iowa. On Friday, Feb. 14, the Commerce Department releases U.S. retail sales data for January. (AP Photo/Andrew Harnik, File)

US retail sales up a modest 0.3% in January

Feb. 14, 2020 10:14 AM EST

WASHINGTON (AP) — U.S. retail sales rose a modest 0.3% in January, a slight improvement over December, as unseasonably warm weather boosted sales at hardware stores and furniture stores. The Commerce Department said Friday that the January advance followed a 0.2% rise in sales in December. The slight...