Latest Retail industry News

UK regulators block Sainsbury's-Asda supermarket merger

Apr. 25, 2019 2:32 AM EDT

LONDON (AP) — British competition regulators have blocked J. Sainsbury Plc's 7.3 billion-pound ($9.4 billion) purchase of Walmart's Asda unit, which would have created the U.K.'s biggest supermarket chain. The Competition and Markets Authority says the deal would have increased prices and reduced the...

AP EXCLUSIVE: At Walmart, using AI to watch the store

Apr. 25, 2019 12:08 AM EDT

LEVITTOWN, N.Y. (AP) — Inside one of Walmart's busiest Neighborhood Market grocery stores, high resolution cameras suspended from the ceiling point to a table of bananas. They can tell how ripe the bananas are from their color. When a banana starts to bruise, the cameras send an alert to a worker....

Microsoft's cloud growth pleases Wall Street

Apr. 24, 2019 5:03 PM EDT

REDMOND, Wash. (AP) — Microsoft's ongoing push to get automakers, retailers and other businesses onto its cloud computing platform helped power the company's third-quarter earnings ahead of Wall Street expectations Wednesday. The software maker posted fiscal third-quarter earnings of $8.8 billion, up 19%...

Domino's shares up as earnings overshadow slower growth

Apr. 24, 2019 12:34 PM EDT

ANN ARBOR, Michigan (AP) — Domino's Pizza Inc.'s first quarter earnings beat overshadowed investor's concerns about slowing growth at the world's biggest pizza chain. Domino's net income rose 4.4% to $92.7 million, or $2.20 per share. That beat Wall Street's forecast of $2.09, according to analysts polled...

Stop & Shop strike cost company about $100 million

Apr. 24, 2019 12:26 PM EDT

BOSTON (AP) — The owners of New England's largest supermarket chain are projecting around $100 million in losses from the labor strike that ended Easter Sunday. Ahold Delhaize, the Dutch company that owns Stop & Shop, said the 11-day strike is expected to lead to losses between $90 million and $110...

Philippine police summon owner of quake collapsed building

Apr. 24, 2019 6:35 AM EDT

MANILA, Philippines (AP) — Philippine police investigators have summoned the owner of a four-story supermarket that collapsed in a powerful earthquake and is feared to have trapped dozens of people, officials said Wednesday. Chuzon Supermarket owner Samuel Chu on Tuesday appeared at a police station in...

Indictment: Ex-CEO ignored red flags as opioid crisis raged

Apr. 23, 2019 6:56 PM EDT

NEW YORK (AP) — The pharmaceutical industry executive hit Tuesday with criminal charges stemming from the opioid crisis doesn't have his name on a museum wing, and his company isn't within earshot of Apple or anyone else on the Fortune 500. Even his $1.5 million paycheck was a paltry sum compared to his...

Kohl's wants more of your Amazon returns

Apr. 23, 2019 5:57 PM EDT

NEW YORK (AP) — Kohl's wants you to skip the post office and bring your Amazon returns to its stores. The department store chain said Tuesday that it will accept Amazon returns at all its 1,150 stores starting in July, expanding its nearly two-year test of the service from 100 stores. Kohl's sees the...

Walgreens to hike minimum age for store tobacco sales

Apr. 23, 2019 2:20 PM EDT

Walgreens has decided to raise its minimum age for tobacco sales several weeks after a top federal official chastised the drugstore chain for violating laws restricting access to cigarettes and other tobacco products. Deerfield, Illinois-based Walgreens Boots Alliance Inc. said Tuesday that it will require...

Coming to store shelves: cameras that guess your age and sex

Apr. 23, 2019 10:06 AM EDT

NEW YORK (AP) — Eyeing that can of soda in the supermarket cooler? Or maybe you're craving a pint of ice cream? A camera could be watching you. But it's not there to see if you're stealing. These cameras want to get to know you and what you're buying. It's a new technology being trotted out to retailers,...