Latest Retail industry News

Target's tech trouble clogs stores with long checkout lines

Jun. 15, 2019 5:59 PM EDT

SAN FRANCISCO (AP) — A glitch stalled checkout lines at Target stores worldwide Saturday, exasperating shoppers and potentially eating into sales at a prime time for retailers, the day before Father's Day. The roughly two-hour outage periodically prevented Target's cashiers from scanning merchandise or...

Drivers see prices drop at pump amid low crude oil prices

Jun. 15, 2019 10:16 AM EDT

TRENTON, N.J. (AP) — Drivers in New Jersey and across the nation are still seeing prices at the pump drop amid low crude oil prices despite an attack on oil tankers in the Middle East. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.79, down four cents from...

Eagle River's only music store is closing up shop

Jun. 15, 2019 10:01 AM EDT

EAGLE RIVER, Alaska (AP) — Maybe Mike's Music just rocked too hard. The quirky Eagle River mom-and-pop is closing its doors this summer, more than 25 years after a precocious schoolboy convinced his parents to help him start an instrument rental business to pay for an expensive violin. The magnitude 7.1...

State grants 1st gambling license for a convenience store

Jun. 15, 2019 9:23 AM EDT

HARRISBURG, Pa. (AP) — The Pennsylvania Gaming Control Board has granted a license to the owner of the Rutter's convenience store chain to install video gambling at a store in Walker Township, Juniata County. The location, along Route 75 near Mifflintown and close to U.S. Route 322, the major highway...

Minnesota regents expand alcohol sales to basketball, hockey

Jun. 14, 2019 1:26 PM EDT

MINNEAPOLIS (AP) — University of Minnesota regents have voted to allow beer and wine sales in the general seating sections of the school's basketball and hockey arenas. Friday's vote was unanimous, and comes as the school is trying to drive up revenue at sporting events. The university has been dropping...

US retail sales rose 0.5% in May, led by online shopping

Jun. 14, 2019 9:21 AM EDT

WASHINGTON (AP) — Americans stepped up their retail spending last month, a sign that recent worries about cautious consumers dragging on growth may have been overdone. The Commerce Department said Friday that retail sales rose 0.5% in May, after a smaller gain of 0.3% in the previous month. April's figure...

US retail sales rose a solid 0.5% in May as consumers spent more on cars, electronics

Jun. 14, 2019 8:33 AM EDT
WASHINGTON (AP) — US retail sales rose a solid 0.5% in May as consumers spent more on cars, electronics.

Asian shares mixed over concerns about oil tankers, trade

Jun. 13, 2019 10:52 PM EDT

TOKYO (AP) — Asian shares were mixed Friday as investors weighed a variety of factors, including suspected attacks on two oil tankers in the strategic Strait of Hormuz and lingering worries about trade conflict between the U.S. and China. Japan's benchmark Nikkei 225 edged up 0.2% to 21,076.11 in morning...

How major US stock indexes fared Thursday

Jun. 13, 2019 5:10 PM EDT

Stocks closed broadly higher Thursday, led by gains in retailers and media and energy companies. U.S. crude oil rose 2.2% after two oil tankers near the strategic Strait of Hormuz were damaged in suspected attacks. Gains in energy and internet companies powered the rally, which ended the market's two-day losing...

Markets Right Now: Stocks rise, break short losing streak

Jun. 13, 2019 4:19 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing higher Thursday, led by gains in retailers and media and energy companies. Hess rose 2.9% and Halliburton gained 2.8% as an increase in oil prices boosted energy stocks. Oil rose 2.2% after two...