Latest Multi-line retail News

Kroger, Sage take losses while Five Below, Acadia advance

Dec. 5, 2019 5:02 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: United Airline Holdings Inc., down 31 cents to $87.86 The airline said CEO Oscar Munoz is stepping down from his post and named J. Scott Kirby as its new leader. Kroger Co., down 84 cents to $26.80 The supermarket chain's...

Markets Right Now: Stocks end a wobbly day slightly higher

Dec. 5, 2019 4:21 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending a wobbly day slightly higher on Wall Street as traders wait for more news on trade talks between the U.S. and China. Gains for technology companies and banks outweighed losses in energy and other...

Georgia editorial roundup

Nov. 27, 2019 2:18 PM EST

Recent editorials from Georgia newspapers: ___ Nov. 27 The Valdosta Daily Times on shopping locally: It’s almost time to shop. Whether it’s Black Friday, Small Business Saturday, Cyber Monday or Giving Tuesday, the shopping season is here and there is every indication that holiday spending will...

Providing a unique experience is retailers’ holiday strategy

Nov. 27, 2019 11:05 AM EST

NEW YORK (AP) — As Amy Witt prepared for the grand opening of her Dallas clothing store, she read up on the demise of thousands of chain stores this past year so she wouldn’t repeat their mistakes. “Big box retailers are selling 20,000 square feet of, what? Stuff. There’s no...

Asian markets mixed after US shares forge new highs

Nov. 26, 2019 8:57 PM EST

BEIJING (AP) — Shares were mostly higher in Asia on Wednesday after a fresh set of record highs on Wall Street, spurred by encouraging signs on trade talks between the U.S. and China. Japan’s Nikkei 225 advanced 0.4% to 23,464.57 while the S&P ASX 200 climbed 0.7% to 6,833.20. South...

Best Buy and Dick’s gain; Dollar Tree and HanesBrands slip

Nov. 26, 2019 4:32 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Best Buy Co., up $7.32 to $81.57 The consumer electronics retailer gave investors a surprisingly good profit forecast. Dollar Tree Inc., down $17.13 to $95.26 The discount retailer’s third-quart profit fell short of Wall...

Dollar Tree, citing tariffs, cuts outlook and shares plunge

Nov. 26, 2019 1:52 PM EST

CHESAPEAKE, Va. (AP) — Dollar Tree reported weak third quarter profits and trimmed its full-year guidance citing higher tariffs. Dollar Tree said if fully implemented, the tariffs will increase their costs by $19 million in the fourth quarter, or 6 cents per share.  The discount retailer estimates...

Best Buy cruises into the holidays

Nov. 26, 2019 11:11 AM EST

NEW YORK (AP) — Best Buy is entering the critical holiday season with good cheer, raising  its profit expectations for the current quarter.  The nation’s largest consumer electronics retailer on Tuesday joined a handful of other big box stores like Target and Walmart which are putting up...

Asian shares retreat on poor Japan trade data, China news

Nov. 19, 2019 10:34 PM EST

BEIJING (AP) — Shares retreated in Asia on Wednesday after Japan reported its worst monthly decline in exports in three years, putting pressure on the economy as growth slows following a sales tax hike. Adding to regional jitters, the U.S. Senate passed a resolution overnight to support human rights in...

Saks owner Hudson's Bay to go private

Oct. 21, 2019 2:51 PM EDT

NEW YORK (AP) — Hudson's Bay, the owner of Saks Fifth Avenue, is being taken private by a group of its shareholders that will try to revive the department store chain. The deal, which is expected to close later this year or early next year, comes as Hudson's Bay, like many retailers, has struggled amid...