Latest Retail and wholesale News

Asian shares gain despite doubts over US-China trade talks

Aug. 21, 2018 12:28 AM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday amid doubts about the prospects for resolving the trade dispute between the U.S. and China. KEEPING SCORE: Japan's benchmark Nikkei 225 gained 0.3 percent in morning trading to 22,273.82 and South Korea's Kospi added 0.9 percent to 2,268.16. Hong Kong's...

How major US stock indexes fared Monday

Aug. 20, 2018 4:55 PM EDT

U.S. stocks closed broadly higher Monday as retailers and other consumer-focused companies posted solid gains. Industrial stocks also rose, led by airlines. Energy companies rose along with the price of U.S. crude oil. Technology stocks lagged the market. On Monday: The S&P 500 index rose 6.92 points, or 0.2...

Markets Right Now: Retailers lead gains for US stock indexes

Aug. 20, 2018 4:10 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing broadly higher on Wall Street as retailers and other consumer-focused companies post solid gains. Macy's led the way higher among retailers Monday with a 6.1 percent gain. Kohl's rose 3.2 percent...

Fourth quarter looking good for small, independent retailers

Aug. 20, 2018 11:38 AM EDT

NEW YORK (AP) — The latest retail sales report from the government augurs well for small and independent retailers for the fourth quarter, with one possible snag: the impact of trade tariffs. Overall retail sales rose 6.4 percent in July from a year ago, and sales from non-store retailers, which include...

Colorado to allow stadium-wide alcohol sales again

Aug. 17, 2018 6:15 PM EDT

BOULDER, Colo. (AP) — Colorado will allow alcohol sales in the general concourse areas at Folsom Field for the first time in more than two decades. The university said Friday that after a four-year trial of limited beer and wine sales through "beer gardens," the sales will be extended to the concourse...

Kroger rolls out driverless cars for grocery deliveries

Aug. 16, 2018 9:30 PM EDT

SCOTTSDALE, Ariz. (AP) — At a time when big-box retailers are trying to offer the same conveniences as their online competitors, the biggest U.S. grocery chain is testing the use of driverless cars to deliver groceries in a Phoenix suburb. Kroger's pilot program launched Thursday morning with a robotic...

Walmart sees sales rise at stores and online, raises outlook

Aug. 16, 2018 7:00 PM EDT

NEW YORK (AP) — Walmart raised its financial outlook for the year on Thursday after beating Wall Street's expectations for the quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares rose more than 9 percent. The upbeat report indicates that Walmart's...

Nordstrom 2Q earnings jump 47 percent as sales grow

Aug. 16, 2018 5:49 PM EDT

SEATTLE (AP) — Upscale department store chain Nordstrom Inc. reported a 47 percent jump in second-quarter earnings on solid sales growth, and it raised its profit outlook for the year. The Seattle-based company said Thursday it earned $162 million, or 95 cents per share, in the quarter that ended Aug. 4....

Markets Right Now: US stock indexes close sharply higher

Aug. 16, 2018 4:09 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing higher on Wall Street following strong results from Walmart and signs of progress in defusing the trade dispute between China and the U.S. Walmart jumped 9.3 percent Thursday after reporting its...

Penney posts bigger-than-expected loss, cuts outlook

Aug. 16, 2018 10:17 AM EDT

NEW YORK (AP) — J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street's view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent. The dismal report, released Thursday,...