Latest Multi-line retail News

Retail sales up 1% in June, easing fears of a recession

Jul. 15, 2022 13:34 PM EDT

NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S. retail sales rose 1% in June, from...

Stores cash customers’ checks, then sell them lotto tickets

Jul. 11, 2022 18:39 PM EDT

At All Checks Cashed in Everett, Massachusetts, a red neon sign beckons customers to cash their checks, pay utilities and try their luck with scores of lottery tickets. Glittering, multicolored scratch tickets on a wall behind the cashier’s station tempt customers — most without...

Fort Sill Apache present plans for New Mexico casino

Jul. 05, 2022 10:05 AM EDT

DEMING, N.M. (AP) — A legal representative of the Fort Sill Apache tribe seemed pleasantly surprised by the prevailing mood at a public scoping meeting for a proposed gaming facility and other developments on a patch of land in Luna County. “I applaud you folks here today,” the...

Retail sales in May slip 0.3% amid surging inflation

Jun. 15, 2022 15:09 PM EDT

NEW YORK (AP) — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S. retail sales slipped 0.3% last month, down...

Meijer shopper charged $1,500 for a $68 purchase

Jun. 14, 2022 12:29 PM EDT

GRAND RAPIDS, Mich. (AP) — A western Michigan shopper likes her new planter but not enough to pay the price 23 times. Casey DeBruyn is trying to untangle her finances after her debit card was repeatedly charged for a $68 purchase at a Meijer store in the Grand Rapids area. The hit...

Big Lots, American Eagle fall; Dell, Ulta Beauty rise

May. 27, 2022 16:39 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Gap Inc., up 48 cents to $11.60. The clothing chain gave investors a mixed financial report, with solid revenue during the first quarter but a slashed profit forecast for the year. ...

Asian shares' rise broadly cheered by US earnings, rally

May. 26, 2022 23:46 PM EDT

TOKYO (AP) — Asian shares gained Friday as investors cheered a strong set of earnings from retailers that has sent U.S. shares higher. Benchmarks were rising in early trading across the region, including Japan, China, Australia and South Korea. “Improved risk...

Macy's, Dollar Tree rise; Nutanix, Medtronic fall

May. 26, 2022 16:29 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Williams-Sonoma Inc., up $15.02 to $130. The seller of cookware and home furnishings handily beat Wall Street's first-quarter profit forecasts. Dollar General Corp.,...

Final-hour rally yanks Wall Street from maw of bear market

May. 20, 2022 21:57 PM EDT

NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much...

Kohl's cuts annual forecast, as it gets stung with inflation

May. 19, 2022 14:33 PM EDT

NEW YORK (AP) — Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation. The reduction, announced Thursday, came as it reported fiscal first-quarter results that came below analysts'...