Latest Retail sales News

FILE - This Tuesday, Feb. 3, 2015 file photo shows a RadioShack store in Dallas.  RadioShack, the nearly century-old electronics retailer ubiquitous in malls for decades, has been pulled from brink of death — again. It’s the most prized name in the basket of retail brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up for a relative pittance since the coronavirus pandemic landed on U.S. shores.   (AP Photo/Tony Gutierrez, File)

Left for dead, twice, RadioShack gets another shot online

Nov. 24, 2020 5:41 PM EST

SILVER SPRING, Md. (AP) — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again. It's the most prized name in the basket of brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up since the coronavirus pandemic bowled over the U.S. retail sector and...

FILE - In this Aug. 27, 2019 file photo, the Best Buy logo is shown on a store in Richfield, Minn.  On Tuesday, Nov. 24, 2020, Best Buy Co. reported fiscal third-quarter results that blew through analysts’ expectations as the nation’s largest consumer electronics retailer  saw surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the pandemic.   (AP Photo/Jim Mone)

Best Buy reports 3Q results that exceed Wall Street views

Nov. 24, 2020 11:42 AM EST

NEW YORK (AP) — Best Buy Co. reported fiscal third-quarter results that blew through analysts' expectations as the nation's largest consumer electronics retailer enjoyed surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the...

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...

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...

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...

A real estate brokerage sign stands in front of a house, Tuesday, Oct. 6, 2020, in Norwood, Mass.  On Thursday, Nov. 19, U.S. long-term mortgage rates fell this week, reaching record lows for the 13th time this year amid fresh signs of weakness in the pandemic-ravaged economy.  (AP Photo/Steven Senne)

US mortgage rates fall to new lows; 30-year loan at 2.72%

Nov. 19, 2020 12:13 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week, reaching record lows for the 13th time this year amid fresh signs of weakness in the pandemic-ravaged economy. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year benchmark loan declined to 2.72% from 2.84% last...

Bankers survey projects drop in holiday retail sales

Nov. 19, 2020 11:32 AM EST

OMAHA, Neb. (AP) — Rural parts of 10 Plains and Western states are expected to see a not-as-jolly holiday retail season this year, according to a new monthly survey of bankers in the region. More than half of bankers surveyed this month for the Rural Mainstreet Survey projected 2020 holiday retail sales to...

FILE - In this March 22, 2020 file photo, customers wearing masks walk into a Lowe's home improvement store in the Canoga Park section of Los Angeles. Lowe's announced Wednesday, Oct. 7, 2020 that it is handing out another round of bonuses to recognize its front-line employees in light of the COVID-19 pandemic. (AP Photo/Mark J. Terrill)

Sales surge at Lowe's as the homebound take on more projects

Nov. 18, 2020 12:22 PM EST

Lowe's sales surged in the third quarter more people took on projects at home during the epidemic. Shares, however, slumped 6% Wednesday on an outlook that some saw as pessimistic. Revenue increased to $22.3 billion from $17.4 billion a year ago. That beat the $21.08 billion that analysts surveyed by Zacks...

FILE - In this April 6, 2020 file photo, a customer wearing a mask carries his purchases as he leaves a Target store during the coronavirus pandemic, in the Brooklyn borough of New York. Target is the latest big U.S. retailer to show that it's prospering during the pandemic. The Minneapolis company reported Wednesday, Nov. 18 that its online sales surged 155% in the three months that ended Oct. 31. (AP Photo/Mark Lennihan, File)

Target gains steam heading into crucial holiday season

Nov. 18, 2020 11:49 AM EST

NEW YORK (AP) — Target is the latest big box U.S. retailer to show that it's prospering during the pandemic. The Minneapolis company reported Wednesday that its online sales surged 155% in the three months that ended Oct. 31. Sales at its stores opened for a least a year rose 10%. Customer traffic rose...

FILE - In this March 3, 2020, file photo, Federal Reserve Chair Jerome Powell pauses during a news conference, to discuss an announcement from the Federal Open Market Committee, in Washington. Powell said Tuesday, Nov. 17, 2020, that the nationwide surge in confirmed coronavirus could slow the economy in the months ahead by discouraging consumers from spending.  (AP Photo/Jacquelyn Martin, File)

Fed's Powell says surge in virus cases threatens US economy

Nov. 17, 2020 3:31 PM EST

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the nationwide surge in confirmed coronavirus could slow the economy in the months ahead by discouraging consumers from spending. “We’re seeing states begin to impose some activity restrictions," Powell said in an online...