Latest Retail industry News

Average US price of gas down a penny a gallon to $2.18

Nov. 23, 2020 3:11 PM EST

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline slipped a penny a gallon (3.8 liters) to $2.18 over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Monday that gas prices have dropped 8 cents over the past 10 weeks. The price at the pump on Nov....

FILE - In this Nov. 29, 2019 file photo, a shopper carries a crockpot during Target's Black Friday sale, in the Borough of New York. The National Retail Federation, the nation’s largest retail group,  expects that holiday sales could actually exceed growth seen in prior seasons despite the uncertainty surrounding the pandemic. (AP Photo/Bebeto Matthews, File)

Retail trade group sees solid holiday sales despite pandemic

Nov. 23, 2020 1:31 PM EST

NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, expects that holiday sales could actually exceed growth seen in prior seasons, despite all the uncertainty surrounding the pandemic. The reason? Shoppers are looking for opportunities to spend and celebrate the...

Urban Outfitters earns, consumer confidence, new home sales

Nov. 23, 2020 2:10 AM EST

A look at some of the key business events and economic indicators upcoming this week: RETAIL WOES Urban Outfitters serves up its third-quarter report card Monday. Wall Street analysts expect the clothing and accessories chain will report lower earnings and revenue for the August-October quarter versus a year...

Cashier Druhan Parker, right, works behind a plexiglass shield Thursday, Nov. 19, 2020, as he checks out shoppers Cassie Howard, left, and Paris Black at an in Chicago. The accelerating surge of coronavirus cases across the U.S. is causing an existential crisis for America’s retailers and spooking their customers just as the critically important holiday shopping season nears. (AP Photo/Charles Rex Arbogast)

Retailers brace as virus bears down on consumers and economy

Nov. 21, 2020 10:45 AM EST

WASHINGTON (AP) — LaTonya Story is every retailer’s worst fear. With the viral pandemic re-surging through the country and the economy under threat, Story has decided to slash her holiday shopping budget. She'll spend less than $2,000 this season, down from several thousand dollars in 2019. Worried...

A woman wearing a face mask to protect against the coronavirus walks past a propaganda billboard with the characters for

The Latest: China starts mass testing 3 million in Tianjin

Nov. 21, 2020 12:42 AM EST

BEIJING — China is starting mass testing on 3 million people in a section of the northern city of Tianjin and has tested 4,015 others in a hospital in Shanghai after the discovery of a pair of cases there. The National Health Commission recorded seven new domestically transmitted cases Saturday,...

Demonstrators use a crowd control barrier to smash into the entrance of a Carrefour supermarket during a protest against the murder of Black man Joao Alberto Silveira Freitas at a different Carrefour supermarket the night before, on Brazil's National Black Consciousness Day in Rio de Janeiro, Brazil, Friday, Nov. 20, 2020. Freitas died after being beaten by supermarket security guards in the southern Brazilian city of Porto Alegre, sparking outrage as videos of the incident circulated on social media.  (AP Photo/Andre Penner)

Death on eve of Brazil's Black Consciousness Day sparks fury

Nov. 20, 2020 8:32 PM EST

RIO DE JANEIRO (AP) — A Black man died after being beaten by supermarket security guards in the Brazilian city of Porto Alegre on the eve of Friday's Black Consciousness Day observations, sparking outrage after videos of the incident circulated on social media. A short clip showed one guard restraining...

Wind-surfers glide on Lake Ontario at Cherry Beach on a warm fall day during the COVID-19 pandemic in Toronto, Friday, Nov. 20, 2020. (Nathan Denette/The Canadian Press via AP)

Toronto goes back into lockdown because of a surge in cases

Nov. 20, 2020 5:28 PM EST

TORONTO (AP) — Canada’s largest city is going back into lockdown because of a surge in COVID-19 cases. The Ontario provincial government announced Friday that Toronto and the Peel Region suburb will go into lockdown on Monday. Health officials announced they won’t allow indoor organized...

Post Holdings, Gilead Sciences fall; Pfizer, Hibbett rise

Nov. 20, 2020 4:30 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday: Pfizer Inc., up 51 cents to $36.70. The drug developer is asking U.S. regulators to allow emergency use of its COVID-19 vaccine. Ross Stores Inc., down $1.21 to $108.99. The discount retailer's third-quarter earnings and revenue beat...

An elderly man wears a face mask as he walks on the Champs Elysee avenue, in Paris, Thursday, Nov. 19, 2020. France has surpassed 2 million confirmed cases of coronavirus, the fourth-highest total in the world. (AP Photo/Thibault Camus)

France postpones 'Black Friday' to help locked-down shops

Nov. 20, 2020 11:46 AM EST

PARIS (AP) — France's government on Friday got supermarket chains and e-commerce platforms like Amazon to agree to postpone “Black Friday” promotions, responding to concerns that shops shuttered by the nation's coronavirus lockdown are hemorrhaging business and could be hurt further if they...

FILE - This Oct. 16, 2019, file photo shows a sign at a General Motors facility in Langhorne, Pa.  On Thursday, Nov. 19, 2020, General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years.  (AP Photo/Matt Rourke, File)

GM: New batteries cut electric car costs, increase range

Nov. 19, 2020 5:03 PM EST

DETROIT (AP) — General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also will increase the range per charge to as much as 450 miles. The company’s product development...