Latest Retail industry News

Markets have muted reaction to long-awaited China trade deal

Dec. 13, 2019 4:08 PM EST

Stocks closed with tiny gains on Wall Street as investors weigh the news that the US and China have reached an initial deal in their long-running trade war. The agreement means the US won't impose new tariffs on Chinese goods that had been set to kick in this weekend. Technology companies, which do a lot of...

Whitmer signs bills to collect taxes on more online sales

Dec. 13, 2019 10:26 AM EST

LANSING, Mich. (AP) — Gov. Gretchen Whitmer has signed legislation to ensure that Michigan's 6% sales and use taxes are collected on more items sold through websites such as Wayfair, Overstock and Amazon. The laws, which Whitmer enacted on Thursday, could generate an additional $90 million in revenue per...

Holiday shopping off to slow start, US retail sales up 0.2%

Dec. 13, 2019 10:03 AM EST

WASHINGTON (AP) — U.S. retail sales rose at a modest pace in November as the holiday shopping season appeared to have a slow start. The Commerce Department said Friday that retail sales increased a seasonally adjusted 0.2% in November, down from 0.4% in the previous month. Healthy car sales lifted the...

US retail sales rose 0.2% last month as holiday shopping gets off to a slow start

Dec. 13, 2019 10:00 AM EST
US retail sales rose 0.2% last month as holiday shopping gets off to a slow start.

Pound and stocks jump on UK election, talk of US-China deal

Dec. 13, 2019 6:55 AM EST

BANGKOK (AP) — Stock markets and the British pound rose Friday after Britain's Conservative Party claimed a big win in the country's general election, easing uncertainty over Brexit, and amid talk of a China-U.S. trade deal. The British pound jumped to $1.3470 from $1.3150 late Thursday but then eased back...

Wegmans to build distribution center in central Virginia

Dec. 13, 2019 4:39 AM EST

RICHMOND, Va. (AP) — Grocery retailer Wegmans Food Markets plans to build a $175 million distribution operation in central Virginia that will create 700 new jobs. Gov. Ralph Northam recently announced that the grocery chain picked Virginia over North Carolina to expand its East Coast distribution network....

Pound jumps on expected Tory win; trade talk lifts shares

Dec. 12, 2019 11:15 PM EST

BANGKOK (AP) — The British pound surged early Friday as exit polls indicated a resounding election victory for Prime Minister Boris Johnson's Conservative Party, as talk of a China-U.S. trade deal buoyed share prices in Asia. The British pound strengthened to $1.3468 from $1.3385 late Thursday as...

ICE, IRS search Hispanic grocery stores in Atlanta area

Dec. 12, 2019 7:57 PM EST

ATLANTA (AP) — Federal agents executed search warrants at multiple branches of a Hispanic grocery chain in the Atlanta area and took three people into custody on Thursday, an official said. Agents from U.S. Immigration and Customs Enforcement were working alongside the IRS at six Super Mercado Jalisco...

Massachusetts retailers can again sell pot vaping products

Dec. 12, 2019 7:03 PM EST

BOSTON (AP) — Massachusetts marijuana retailers can again begin selling vaping products, provided they are newly manufactured and screened for contaminants. The Cannabis Control Commission made the announcement Thursday. It's not immediately clear when the products will be available for purchase. The order...

Fears mount that New Jersey shooting was anti-Semitic attack

Dec. 12, 2019 8:24 AM EST

JERSEY CITY, N.J. (AP) — Fears that a deadly shooting at a Jewish market in Jersey City was an anti-Semitic attack mounted on Wednesday as authorities recounted how a man and woman deliberately pulled up to the place in a stolen rental van with at least one rifle and got out firing. A day after the...