Latest Multi-line retail News

Black Friday shoppers wear face masks as the leave Saks Fifth Avenue flagships store empty handed, Friday, Nov. 27, 2020, in New York. (AP Photo/Mary Altaffer)

Virus keeps Black Friday crowds thin, shoppers shift online

Nov. 27, 2020 6:57 PM EST

NEW YORK (AP) — The raging coronavirus pandemic kept crowds thin at malls and stores across the country on Black Friday, but a surge in online shopping offered a beacon of hope for struggling retailers after months of slumping sales and businesses toppling into bankruptcy. In normal times, Black Friday is...

Dollar Tree, Anaplan rise; Dycom, Best Buy fall

Nov. 24, 2020 4:21 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday: BlackRock, up $16.43 to $699.30 The investment management firm is buying Aperio for just over $1 billion in cash. Nutanix, down 26 cents to $28.21 The enterprise cloud platform services provider beat analysts’ fiscal...

FILE - In this Aug. 27, 2019 file photo, the Best Buy logo is shown on a store in Richfield, Minn.  On Tuesday, Nov. 24, 2020, Best Buy Co. reported fiscal third-quarter results that blew through analysts’ expectations as the nation’s largest consumer electronics retailer  saw surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the pandemic.   (AP Photo/Jim Mone)

Best Buy reports 3Q results that exceed Wall Street views

Nov. 24, 2020 11:42 AM EST

NEW YORK (AP) — Best Buy Co. reported fiscal third-quarter results that blew through analysts' expectations as the nation's largest consumer electronics retailer enjoyed surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the...

Wind-surfers glide on Lake Ontario at Cherry Beach on a warm fall day during the COVID-19 pandemic in Toronto, Friday, Nov. 20, 2020. (Nathan Denette/The Canadian Press via AP)

Toronto goes back into lockdown because of a surge in cases

Nov. 20, 2020 5:28 PM EST

TORONTO (AP) — Canada’s largest city is going back into lockdown because of a surge in COVID-19 cases. The Ontario provincial government announced Friday that Toronto and the Peel Region suburb will go into lockdown on Monday. Health officials announced they won’t allow indoor organized...

Post Holdings, Gilead Sciences fall; Pfizer, Hibbett rise

Nov. 20, 2020 4:30 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday: Pfizer Inc., up 51 cents to $36.70. The drug developer is asking U.S. regulators to allow emergency use of its COVID-19 vaccine. Ross Stores Inc., down $1.21 to $108.99. The discount retailer's third-quarter earnings and revenue beat...

A waiter carriers a check to a patron seated in a tent in the parking lot of Clafoutis restaurant on Monday, Aug. 24, 2020, in Santa Fe, New Mexico. The tent was rented after indoor seating was banned due to COVID-19, leaving only a handful of patio tables available. Patrons still pick up to-go orders inside. (AP Photo/Cedar Attanasio)

Governor calls on Legislature to approve pandemic relief

Nov. 19, 2020 8:39 PM EST

SANTA FE, N.M. (AP) — New Mexico's governor is calling a special legislative session next week in the hope of providing new economic relief to those who lost their jobs and small businesses that are reeling from the coronavirus pandemic and aggressive health restrictions. Gov. Michelle Lujan Grisham made...

FILE - In this April 6, 2020 file photo, a customer wearing a mask carries his purchases as he leaves a Target store during the coronavirus pandemic, in the Brooklyn borough of New York. Target is the latest big U.S. retailer to show that it's prospering during the pandemic. The Minneapolis company reported Wednesday, Nov. 18 that its online sales surged 155% in the three months that ended Oct. 31. (AP Photo/Mark Lennihan, File)

Target gains steam heading into crucial holiday season

Nov. 18, 2020 11:49 AM EST

NEW YORK (AP) — Target is the latest big box U.S. retailer to show that it's prospering during the pandemic. The Minneapolis company reported Wednesday that its online sales surged 155% in the three months that ended Oct. 31. Sales at its stores opened for a least a year rose 10%. Customer traffic rose...

FILE - In this Nov. 5, 2020 file photo, a woman pushes a shopping cart to enter a Walmart in Rolling Meadows, Ill. Walmart turned out another stellar quarter as the world’s largest retailer powers through a pandemic that has felled other national chains. The  Bentonville, Arkansas-based retailer delivered a 56% increase in its fiscal third-quarter profits while revenue rose 5.3%. (AP Photo/Nam Y. Huh, File)

Another booming quarter for Walmart, but sales are slowing

Nov. 17, 2020 12:23 PM EST

NEW YORK (AP) — Walmart turned out another stellar quarter as the world’s largest retailer powers through a pandemic that has felled other national chains. But sales at stores opened at least a year slowed in the three months that ended with October compared with earlier this year as the pandemic...

New Mexico begins lockdown as state looks to curb spread

Nov. 16, 2020 6:20 PM EST

ALBUQUERQUE, N.M. (AP) — New Mexico on Monday started its lockdown as Gov. Michelle Lujan Grisham and hospital administrators look to curb COVID-19 infections. Under the latest public health order, people are being asked to stay home and only essential businesses such as grocery stores, pharmacies, big box...

Dollar General plans $85M distribution center in Nebraska

Nov. 10, 2020 12:52 PM EST

BLAIR, Neb. (AP) — Dollar General plans to build a new $85 million distribution center in eastern Nebraska. The 800,000-square-foot facility in Blair will employ about 400 people after it opens in early 2022. The facility will handle both dry goods and fresh items that are sold by the discount retailer....