Latest Retail industry News

Gas prices down slightly in NH, Maine, up a bit in Vermont

Apr. 12, 2021 10:14 AM EDT

CONCORD, N.H. (AP) — Gas prices have fallen slightly in New Hampshire and Maine, but have increased a bit in Vermont in the past week. GasBuddy reported on Monday that New Hampshire gas prices dropped 2.6 cents to $2.68 per gallon. Prices also dipped less than a penny...

This Week: JPMorgan earns, retail sales, housing starts

Apr. 12, 2021 01:28 AM EDT

A look at some of the key business events and economic indicators upcoming this week: ANOTHER SOLID QUARTER? Wall Street expects that JPMorgan Chase’s latest quarterly report card will show the bank is off to a strong start this year. ...

Average US price of gas holds steady at $2.94 per gallon

Apr. 11, 2021 13:02 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline held steady over the past two weeks at $2.94 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price at the pump was likely to remain stable or drop as...

Gas prices dip in NJ, around nation as gas inventories go up

Apr. 10, 2021 10:14 AM EDT

TRENTON, N.J. (AP) — Gas prices dipped in New Jersey and around the nation as gas inventories increased even as crude oil inventories decreased. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.90, down two cents from a...

Alibaba fined $2.8 billion on competition charge in China

Apr. 10, 2021 00:02 AM EDT

BEIJING (AP) — Alibaba Group, the world’s biggest e-commerce company, was fined 18.3 billion yuan ($2.8 billion) by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party tightens control over fast-growing tech industries. Party...

Amazon warehouse workers reject union bid in Alabama

Apr. 09, 2021 16:39 PM EDT

Workers at an Amazon warehouse in Bessemer, Alabama handed the online retail giant a decisive victory when they voted against forming a union and cut off a path that labor activists had hoped would lead to similar efforts throughout the company and beyond. After months of...

Legislation allows lottery winners to remain anonymous

Apr. 09, 2021 15:32 PM EDT

HELENA, Mont. (AP) — The Montana Lottery sent out its first news release Friday listing major lottery prizes won this week without including the names of the winners, following a new law allowing prize winners to remain anonymous. The Legislature passed the bill last...

Walmart eyes local companies as McDonald's exits some stores

Apr. 09, 2021 14:34 PM EDT

As McDonald's works on closing some of its locations within Walmart stores, the retailer is looking to put local businesses and others into place. McDonald's has gradually been closing locations at Walmart stores over the years but will keep a presence within about 150...

Man admits role in credit card scam targeting crafts chain

Apr. 08, 2021 16:28 PM EDT

CAMDEN, N.J. (AP) — A California man who fled to Mexico after being charged in a widespread credit card scam involving arts-and-crafts retailer Michaels has pleaded guilty to conspiracy to commit bank fraud, federal prosecutors in New Jersey announced Thursday. Jose...

Florida House OK's bill to tax out-of-state online sales

Apr. 08, 2021 14:24 PM EDT

TALLAHASSEE, Fla. (AP) — Florida moved closer Thursday in requiring online retailers and other out-of-state merchants to collect sales tax, a step that could add about $1 billion annually to state revenues. The Florida House joined the state Senate in supporting a...