Latest Retail and wholesale News

Sears files for Chapter 11 amid plunging sales, massive debt

Oct. 15, 2018 9:45 AM EDT

NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. The question now is whether a smaller version of the company that once towered over the American retail landscape can remain viable or whether the iconic brand will be forced...

The Latest: Hedge fund ESL backs Sears' bankruptcy move

Oct. 15, 2018 9:17 AM EDT

NEW YORK (AP) — The Latest on the filing for bankruptcy protection by the Sears Holding Corp. (all times local): 8:55 a.m. Hedge fund ESL says it stands by Sears' decision to file for Chapter 11 bankruptcy protection, though it would have preferred to avoid a court-run process. The hedge fund is run by now...

US retail sales gain a weak 0.1 percent in August

Oct. 15, 2018 8:57 AM EDT

WASHINGTON (AP) — U.S. consumer spending edged up a slight 0.1 percent in September, a disappointing performance in which rebounding auto sales were offset by weakness in other areas. The Commerce Department said Monday that the scant gain in September followed an equally meager 0.1 percent increase in...

Sears through the years: From watch seller to tower builder

Oct. 15, 2018 6:01 AM EDT

NEW YORK (AP) — Sears got its start as a watch seller more than 130 years ago and grew to become one of the world's largest retailers. But the company has struggled in recent years and on Monday filed for Chapter 11 bankruptcy. A look at the company through the years: 1886 — Richard Sears starts the...

Online natural and organic grocery Thrive aims to fill niche

Oct. 14, 2018 11:20 AM EDT

NEW YORK (AP) — Thrive Market, a four-year-old online membership-based natural and organic food retailer, has successfully filled a niche modeled after Costco but just for healthy items. CEO Nick Green, along with his two co-founders Gunnar Lovelace and Sasha Siddartha, saw a big opportunity to make...

Walmart buys online lingerie retailer Bare Necessities

Oct. 12, 2018 5:21 PM EDT

NEW YORK (AP) — Walmart says it's buying online lingerie retailer Bare Necessities, the latest acquisition in its niche-brand buying spree. Walmart declined to disclose how much it's paying for Bare Necessities, but says the deal will help deepen its expertise in the world of bras, swimwear and shapewear....

Retailers up their game after Toys R Us closures

Oct. 12, 2018 12:30 PM EDT

NEW YORK (AP) — When Toys R Us closed its doors, customers mourned the loss of a beloved brand that conjured memories of their own childhood. Retailers, on the other hand, saw an opportunity. Rather than cede any more ground to online behemoth Amazon, companies like Target, Walmart and Party City ramped up...

Asian markets mixed on strong Chinese trade data

Oct. 11, 2018 11:57 PM EDT

SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs. KEEPING SCORE: Japan's benchmark Nikkei 225 racked up more losses after falling almost 4 percent in the previous day. The index...

AP Exclusive: Tests show toxin in chain stores' jewelry

Oct. 11, 2018 1:26 PM EDT

LOS ANGELES (AP) — Jewelry with the toxic metal cadmium is showing up on the shelves of national retailers including Ross, Nordstrom Rack and Papaya, according to newly released test results. Analysis done for the nonprofit Center for Environmental Health revealed some jewelry sold with women's dresses and...

Search for German retail boss in Swiss Alps called off

Oct. 11, 2018 7:27 AM EDT

BERLIN (AP) — German retail group Tengelmann says a search for longtime CEO Karl-Erivan Haub has officially been called off, six months after he went missing during a skiing trip in the Swiss Alps. Haub disappeared above the Swiss resort of Zermatt on April 7. His family gave up hope of finding him alive...