Latest Retail industry News

Court says EU states must label Israeli settlement products

Nov. 12, 2019 5:23 AM EST

BRUSSELS (AP) — The European Union's top court ruled Tuesday that EU countries must identify products made in Israeli settlements with special labels, in a decision welcomed by rights groups but likely to spark anger in Israel. The European Court of Justice said in a statement that "foodstuffs originating...

Report: Amazon plans traditional grocery store for LA

Nov. 11, 2019 9:46 PM EST

LOS ANGELES (AP) — Amazon says it is expanding its footprint further into the traditional grocery-store business with a store it plans to open in Los Angeles next year. Amazon, which bought the upscale Whole Foods grocery chain in 2017, also operates 16 Amazon Go stores in several cities where people can...

China's Alibaba, JD report booming Singles Day sales

Nov. 11, 2019 7:46 PM EST

BEIJING (AP) — Chinese e-commerce giants Alibaba and JD.com reported nearly $70 billion in sales Monday on Singles Day, an annual marketing event that is the world's busiest online shopping day. The day was a temporary relief to retailers that face fading demand as Chinese consumers tighten their belts,...

Markets Right Now: Stocks fall on uncertainty over trade

Nov. 11, 2019 4:14 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing slightly lower on Wall Street Monday as traders look for clarity on the status of trade talks between the U.S. and China. Comments from President Trump on Saturday created some uncertainty about...

South Carolina cashes in with $2 billion extra in budget

Nov. 11, 2019 1:13 PM EST

COLUMBIA, S.C. (AP) — South Carolina lawmakers will again have a significant amount of extra money to spend in next year's budget. Economists are estimating a nearly $2 billion increase in the general fund, which lawmakers control, for the budget year that starts in July 2020. South Carolina's growing...

Last W Virginia Kmarts to close as company cuts 100 stores

Nov. 11, 2019 10:51 AM EST

CHARLESTON, W.Va. (AP) — The last two remaining Kmart locations in West Virginia are set to close by early next year as the retailer shutters about 100 stores nationwide. The Charleston Gazette-Mail reports the Kanawha City Kmart in Charleston will close in February following the closure of the Elkview...

Northern New England gas prices at or below national average

Nov. 11, 2019 9:09 AM EST

CONCORD, N.H. (AP) — Gas prices are dropping slightly in Vermont, but they still remain higher than the prices in New Hampshire or Maine. The latest GasBuddy surveys show that the average price of gas in New Hampshire held steady at $2.45 per gallon last week. In Maine, the $2.54 per gallon average also...

Average US price of gas remains steady at $2.69 per gallon

Nov. 10, 2019 6:02 PM EST

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has remained steady over the past two weeks with a .30 cents per gallon (3.8 liters) rise to $2.69. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday there may be a price drop soon as maintenance at refineries...

Gas prices edge up in New Jersey, around nation

Nov. 9, 2019 2:09 PM EST

TRENTON, N.J. (AP) — Gas prices have edged up in New Jersey and around the nation, with analysts citing decreased inventories in the northeastern United States, increased demand and fluctuating crude oil prices. AAA Mid-Atlantic says the average price of a gallon of regular unleaded was $2.59 in New Jersey...

New law increases NC zero-tax bracket, targets online sales

Nov. 9, 2019 11:22 AM EST

RALEIGH, N.C. (AP) — North Carolina income tax filers will get more generous breaks on their returns soon but could pay more upfront sales taxes for online purchases in a measure Democratic Gov. Roy Cooper has signed into law. Cooper's signing announcement came several hours after he vetoed another bill...