Latest Retail and wholesale sector performance News

FILE - In this July 7, 2018 file photo whiskeys distilled and bottled in the U.S. are displayed for sale in a grocery store in Beijing.  American whiskey absorbed some setbacks but showed resilience in the face of COVID-related clampdowns on bars and restaurants as liquor sales benefited from enduring demand for a good stiff drink.  Despite plunging sales from bars and restaurants, the American whiskey sector still rang up increased revenues in 2020.  (AP Photo/Mark Schiefelbein, file)

U.S. whiskey bolstered by liquor store sales in 2020

Jan. 28, 2021 10:02 AM EST

LOUISVILLE, Ky. (AP) — American whiskey absorbed some setbacks but showed resilience in the face of pandemic-related clampdowns on bars and restaurants as liquor sales benefited from enduring demand for a good stiff drink. Despite plunging sales from bars and restaurants, the American whiskey sector still...

Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)

Fed stresses its commitment to low rates as economy stumbles

Jan. 27, 2021 6:28 PM EST

WASHINGTON (AP) — Chair Jerome Powell said Wednesday that the Federal Reserve will keep pursuing its low-interest rate policies until an economic recovery is well underway, acknowledging that the economy has faltered in recent months. The Fed said in a statement after its latest policy meeting that hiring...

Tourists look at the skyline at sunset, in Dubai, United Arab Emirates, Tuesday, Jan. 12, 2021. Since becoming one of the world's first destinations to open up for tourism, Dubai has promoted itself as the ideal pandemic vacation spot. With peak tourism season in full swing, coronavirus infections are surging to unprecedented heights, with daily case counts nearly tripling in the past month, but in the face of a growing economic crisis, the city won't lock down and can't afford to stand still. (AP Photo/Kamran Jebreili)

Dubai, party haven amid pandemic, faces its biggest surge

Jan. 19, 2021 1:15 PM EST

DUBAI, United Arab Emirates (AP) — Masks off the minute you step inside. Bars packed and pulsing like it’s 2019. Social media stars waving bottles of champagne. DJs spinning party tunes through multi-hour brunches. Since becoming one of the world's first destinations to open up for tourism, Dubai,...

FILE - In this Nov. 5, 2020 file photo, a Target employee places a curbside pickup purchase into the trunk of a customer in Jackson, Miss. The nation’s largest retail trade group says Friday, Jan. 15, 2021,  that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores.  (AP Photo/Rogelio V. Solis, File)

Retail group: holiday sales up 8.3% amid big spending shift

Jan. 15, 2021 3:07 PM EST

NEW YORK (AP) — The nation’s largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. The National Retail Federation had expected growth in a range of 3.6% to 5.2% for the November and December...

Pedestrians wearing protective face masks walk past the ancient Agora, in Athens, on Friday, Jan. 15, 2021. Greece's prime minister says the country's retail sector might begin to gradually reopen next week, if the scientists advising the government on the coronavirus pandemic recommend it is safe to do so today. (AP Photo/Petros Giannakouris)

Greece: Lockdown extended indefinitely but stores to reopen

Jan. 15, 2021 1:30 PM EST

ATHENS, Greece (AP) — Greece's government has extended nationwide lockdown measures indefinitely but says retail stores and malls will reopen Monday with strict entrance limits. Civil protection chief Nikos Hardalias said Friday that a nightly curfew, domestic travel restrictions and stay-at-home orders...

A sale sign is displayed near the entrance of a Hallmark store Tuesday, Jan. 12, 2021, in Orlando, Fla.  Retail sales fell for a third straight month, as a surge in virus cases kept people away from stores and restaurants during the holiday shopping season.     The report released Friday is yet another sign that the pandemic is slowing the U.S. economy. Last month, the country lost jobs for the first time since the spring.(AP Photo/John Raoux)

U.S. retail sales fell in December for 3rd straight month

Jan. 15, 2021 12:29 PM EST

NEW YORK (AP) — Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season. The U.S. Commerce Department said Friday that retail sales fell a seasonally adjusted 0.7% in December from the month...

FILE - In this April 29, 2020 file photo, amid concerns of the spread of COVID-19, a shopper wears a mask as she looks over meat products at a grocery store in Dallas.  U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department reported Friday, Jan. 15, 2021 that the gain in its producer price index, which measures inflation pressures before they reach consumers, followed a modest 0.1% gain in November and matched the 0.3% rise in October.(AP Photo/LM Otero, File)

December wholesale prices up 0.3% with sharp jump in energy

Jan. 15, 2021 9:39 AM EST

WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department reported Friday that the gain in its producer price index, which measures inflation pressures before they reach consumers, followed a modest 0.1% gain in November and...

U.S. retail sales fell 0.7% in December as shoppers kept away from stores as virus cases rose

Jan. 15, 2021 8:36 AM EST
NEW YORK (AP) — U.S. retail sales fell 0.7% in December as shoppers kept away from stores as virus cases rose.
FILE - In this Aug. 4, 2020 file photo, shoppers take purchases to their vehicle in the parking lot of a Target store in Marlborough, Mass.  Target’s strong sales streak extended through the holiday season, as shoppers snapped up everything from clothing to home goods during the pandemic. The Minneapolis company reported Wednesday, Jan. 13, 2021, that its online sales surged 102% for the November and December period. (AP Photo/Bill Sikes)

Target continues to thrive in whirlwind retail environment

Jan. 13, 2021 6:36 PM EST

NEW YORK (AP) — Target's strong sales streak extended through a pandemic-shrouded holiday season after a hard push online and an increased effort to provide alternatives to customers who are trying to minimize risk. The retailer reported Wednesday that online sales surged 102% between November and...

Fed survey finds economy slowing in some areas of country

Jan. 13, 2021 4:29 PM EST

WASHINGTON (AP) — A Federal Reserve survey of U.S. business conditions has found modest economic gains at the start of the year, although some parts of the country saw slowdowns stemming from a renewed surge of COVID-19 cases. The Fed report released Wednesday said that the bulk of the Fed's 12 regions...