Latest Retail industry News

Gas prices drop in NJ, dip slightly across nation at large

Sep. 24, 2022 09:36 AM EDT

TRENTON, N.J. (AP) — Gas prices dropped in New Jersey and dipped slightly across the nation as a whole amid the seasonal decrease in demand and the switch to less expensive winter-blend fuels. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on...

Judge rules against Oregon county’s ban on flavored tobacco

Sep. 22, 2022 16:02 PM EDT

HILLSBORO, Ore. (AP) — A judge in Oregon’s Washington County has ruled against the county’s 2021 ban on flavored tobacco products, meaning adults over 21 can still buy them. Circuit Judge Andrew Erwin wrote in his opinion this week that the decision to disallow licensed retail...

Activist investor pushes for removal of Kohl's chairman, CEO

Sep. 22, 2022 15:40 PM EDT

NEW YORK (AP) — Activist investor Ancora Holdings Group is pushing for the removal of both the chairman and the chief executive officer at Kohl’s for what it calls a botched strategy and dramatic sales declines. Ancora, which owns 2.5% of outstanding shares in the department...

Worker wounded in Tennessee supermarket shooting sues Kroger

Sep. 22, 2022 14:35 PM EDT

MEMPHIS, Tenn. (AP) — An employee of the Kroger supermarket chain who was wounded in a mass shooting at a Tennessee store a year ago has sued the company, claiming it failed to protect employees from the fired contractor who killed one person and hurt 14 others. Mariko Jenkins was...

Walmart, Target begin holiday early to ease inflation sting

Sep. 22, 2022 08:08 AM EDT

NEW YORK (AP) — Walmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to ease the potential sting of holiday shopping. For two years now, shoppers have...

Home Depot workers petition to form 1st store-wide union

Sep. 21, 2022 19:24 PM EDT

NEW YORK (AP) — Home Depot workers in Philadelphia have filed a petition with the federal labor board to form what could be the first store-wide union at the world's largest home improvement retailer. The petition, filed with the National Labor Relations Board this...

Walmart takes a cautious approach to holiday hiring

Sep. 21, 2022 13:47 PM EDT

NEW YORK (AP) — Walmart is taking a cautious approach to the holiday shopping season, announcing it will hire 40,000 U.S. workers for the holidays, a majority of them seasonal workers. The move, announced Wednesday, comes as the nation's largest retailer and largest private...

US gas prices tick up, ending 99-day streak of lower costs

Sep. 21, 2022 13:26 PM EDT

A 99-day streak of falling gasoline prices — a streak that gave consumers a glimmer of hope that red-hot inflation might be cooling — has ended, with pump prices still much higher than a year ago. The nationwide average price for a gallon ticked up less than a penny Wednesday, to...

Gap slashes 500 corporate jobs in cost-cutting move

Sep. 20, 2022 17:34 PM EDT

NEW YORK (AP) — Gap is slashing 500 corporate jobs in San Francisco and New York as it looks to reduce expenses amid languishing sales. The job cuts, confirmed by a company spokesperson, follow years of struggle at the San Francisco-based retailer, which operates its namesake...

Spotify launches audiobook store with some 300,000 titles

Sep. 20, 2022 17:19 PM EDT

NEW YORK (AP) — The expanding audio books market has a major new retailer: Spotify. On Tuesday, the music streaming service announced its long-rumored audiobook initiative, launching a store that includes more than 300,000 titles, including such popular works as Delia Owens'...