Latest Retail and wholesale News

More lenient state laws could chill low-alcohol beer market

Jan. 19, 2019 11:24 AM EST

OKLAHOMA CITY (AP) — Beer snobs are raising their mugs to a stronger brew in three states that once forbade grocers from selling anything but low-alcohol brands, and the changes could indirectly chill the industry in two others where such regulations remain. Until October, Oklahoma grocery and convenience...

Tiffany holiday sales slip as Chinese tourists spend less

Jan. 18, 2019 1:52 PM EST

NEW YORK (AP) — Tiffany & Co. says holiday shoppers and Chinese tourists spent less on its bling. The luxury jeweler, famous for its little blue boxes, says sales slipped in the holiday shopping season as Chinese tourists spent less while traveling due to the strong dollar, making it more expensive to...

What to buy every month in 2019

Jan. 18, 2019 10:47 AM EST

A new year brings an expectation to set the perfect resolution. Here's an idea: Resolve to buy all of the things you want and need, but pay less money for them. Sound difficult? It's actually not. Here's how to maximize sales and plan your shopping for 2019. We listed the best products to buy each month, plus the...

Walmart, CVS Health hammer out new PBM pharmacy network deal

Jan. 18, 2019 8:11 AM EST

BENTONVILLE, Ark. (AP) — Walmart will continue to participate in CVS Health's prescription drug network for customers with private health insurance and Medicaid coverage Shares of CVS rose nearly 3 percent before the opening bell Friday. The stock had been under pressure since Tuesday, when it said it...

Sounders land new jersey sponsor in online retailer Zulily

Jan. 17, 2019 6:07 PM EST

SEATTLE (AP) — The Seattle Sounders have a new jersey sponsor after signing a multiyear deal with online retailer Zulily. The partnership was announced Thursday, along with Zulily's deal to be the jersey sponsor for the Seattle Reign of the NWSL. The Sounders had been sponsored by Microsoft and Xbox since...

Gymboree begins winding down operations after 2nd bankruptcy

Jan. 17, 2019 8:39 AM EST

SAN FRANCISCO (AP) — Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the children's clothing retailer will begin winding down operations for good. The San Francisco company said late Wednesday that it will close all of its Gymboree and Crazy 8 stores and...

Sears survives a near-death experience, but for how long?

Jan. 16, 2019 5:32 PM EST

NEW YORK (AP) — Sears will live on — at least for now. Its chairman and biggest shareholder, Eddie Lampert, won tentative approval for a $5 billion plan to keep the ailing, 132-year-old department-store chain in business, fending off demands from creditors that it throw in the towel, according to a...

Justices appear ready to void Tennessee alcohol sales law

Jan. 16, 2019 1:56 PM EST

WASHINGTON (AP) — The Supreme Court appeared ready Wednesday to strike down a Tennessee provision that requires people to live in the state for two years before obtaining a license to sell alcohol. Several justices said the restriction unconstitutionally discriminates against out-of-state economic...

Shopko files for bankruptcy protection

Jan. 16, 2019 11:46 AM EST

ASHWAUBENON, Wis. (AP) — Wisconsin-based retail chain Shopko Stores has filed for bankruptcy protection as it makes plans to close more stores. The company says excessive debt and ongoing competitive pressure are forcing it to seek protection from creditors. Shopko is reporting assets of less than $1...

Asian stocks mixed on poor Japanese data, growth fears

Jan. 15, 2019 11:20 PM EST

SINGAPORE (AP) — Asian markets were mixed on Wednesday as poor Japanese data and worries about global growth put a damper on trading. KEEPING SCORE: Japan's Nikkei 225 index slipped 0.6 percent to 20,430.73 while South Korea's Kospi added 0.3 percent to 2,102.45. Hong Kong's Hang Seng fell 0.3 percent to...