Latest Retail industry News

Asian stocks mixed after Wall Street rebound

Aug. 22, 2019 12:21 AM EDT

BEIJING (AP) — Asian stock markets are mixed Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. Investor reaction was muted following Wednesday's release of notes from the latest Fed meeting...

How major US stock indexes fared Wednesday

Aug. 21, 2019 5:13 PM EDT

Stocks closed higher on Wall Street Wednesday as investors applauded encouraging quarterly results from Target, Lowe's and other retailers. Technology companies accounted for a big share of the gains. Traders had a muted reaction to minutes from the Federal Reserve's policy meeting last month, which showed...

Retailers' results show sharp divide between losers, winners

Aug. 21, 2019 4:55 PM EDT

NEW YORK (AP) — The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers' increasing shift online with expanded deliveries and better...

Markets Right Now: Big gains by retailers lead stocks higher

Aug. 21, 2019 4:10 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 as investors applauded encouraging quarterly results from major retailers. Target soared 20% Wednesday after releasing earnings that blew past analysts' expectations. Lowe's...

Ellison's home improvement at Lowe's is paying off

Aug. 21, 2019 2:57 PM EDT

Lowe's blew past second quarter profit expectations, buoyed by strong demand for spring goods and sales to contractors. Even though the home improvement retailer wrestled with lower lumber prices and rough spring weather, CEO Marvin Ellison said Lowe's saw growth in same-store sales across the U.S. "Our...

Target thrives in intense retail environment

Aug. 21, 2019 8:42 AM EDT

NEW YORK (AP) — Target topped expectations in just about any way measureable during the second quarter as it pushed faster delivery for customers and invested heavily in new private label brands. Comparable store sales, which include online sales, rose 3.4 % as customer traffic jumped 2.4%. The measure...

Asian stocks follow Wall Street lower before US Fed release

Aug. 21, 2019 12:18 AM EDT

BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks fell...

Execs starting to worry about tariffs' effects on consumers

Aug. 20, 2019 4:38 PM EDT

Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that President Donald Trump's tariffs will depress consumer spending and undermine the economy. Home Depot, the nation's largest home improvement chain, said as much on Tuesday, when it reported...

Markets Right Now: Banks lead major US stock indexes lower

Aug. 20, 2019 4:07 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Financial companies led a modest slide by stocks on Wall Street as a mixed batch of company earnings and declining bond yields weighed on the market. The selling pulled every major sector lower on Tuesday, snapping a...

Department stores make room for used fashion

Aug. 20, 2019 4:02 AM EDT

NEW YORK (AP) — Out with the new and in with the old. As department stores watch their customers flock to second-hand stores, some are trying to bring them back by partnering with online resale sites. Last week, J.C. Penney and Macy's announced a pilot program to set aside sections inside a few dozen of...