Latest Retail sales News

Swap the crop? New York hemp farmers eager to grow marijuana

Apr. 14, 2021 08:24 AM EDT

ALBANY, N.Y. (AP) — Legal marijuana is coming to New York and hemp farmer Samir Mahadin sees it as a potential lifeline. Farmers dealing with depressed prices for plants that produce CBD are eager to take part in a statewide marijuana market expected to generate...

This Week: JPMorgan earns, retail sales, housing starts

Apr. 12, 2021 01:28 AM EDT

A look at some of the key business events and economic indicators upcoming this week: ANOTHER SOLID QUARTER? Wall Street expects that JPMorgan Chase’s latest quarterly report card will show the bank is off to a strong start this year. ...

Florida House OK's bill to tax out-of-state online sales

Apr. 08, 2021 14:24 PM EDT

TALLAHASSEE, Fla. (AP) — Florida moved closer Thursday in requiring online retailers and other out-of-state merchants to collect sales tax, a step that could add about $1 billion annually to state revenues. The Florida House joined the state Senate in supporting a...

Virginia becomes first Southern state to legalize marijuana

Apr. 07, 2021 20:22 PM EDT

RICHMOND, Va. (AP) — Virginia became the first Southern state to legalize marijuana Wednesday, as lawmakers voted to approve Gov. Ralph Northam’s proposed changes to a bill that will allow adults to possess and cultivate small amounts of the drug starting in July. ...

Farmers file antitrust lawsuit against big ag companies

Apr. 05, 2021 22:34 PM EDT

BOISE, Idaho (AP) — A group of farmers has filed an antitrust case against several big agricultural companies, contending the companies worked together to ban e-commerce sales in order to keep prices artificially high. The farmers are seeking class-action status and...

Auto sales rise 11% in 1Q on strong showing in March

Apr. 01, 2021 21:23 PM EDT

DETROIT (AP) — U.S. auto sales rose more than 11% in the first quarter, as strong March sales far outpaced last year when coronavirus pandemic began. Automakers sold more than 3.9 million vehicles during the first three months of the year, with several major companies...

Virginia governor seeks to accelerate marijuana legalization

Mar. 31, 2021 13:35 PM EDT

RICHMOND, Va. (AP) — Adults in Virginia could legally possess and grow small amounts of marijuana beginning in July, about three years sooner than initially envisioned, under changes the governor proposed Wednesday to legislation passed earlier this year. “Our...

South Africa bans liquor sales over Easter to prevent surge

Mar. 30, 2021 16:14 PM EDT

JOHANNESBURG (AP) — South Africa will restrict the sale of alcohol and limit the size of religious and social gatherings over Easter to prevent the holiday from contributing to a new surge of COVID-19, President Cyril Ramaphosa announced Tuesday. “Given the role of...

GameStop lost $215 million in fiscal year; online sales gain

Mar. 23, 2021 18:41 PM EDT

GameStop, the video game retailer at the center of a social-media driven investment frenzy, said it lost $215 million in the 12 months ended Jan. 30 as it dealt with pandemic-related shutdowns and moved to transform itself into a more online-focused company. The company's...

Retail sales in the US fell 3% in February after soaring the month before

Mar. 18, 2021 14:34 PM EDT
NEW YORK (AP) — Retail sales in the US fell 3% in February after soaring the month before.