Latest Retail and wholesale News

Millennial Money: How to holiday shop at the last minute

Dec. 07, 2021 10:27 AM EST

Supply chain snags. Sold-out merchandise. Empty shelves. Hefty shipping fees. Inflation. There are plenty of complications working against you this holiday shopping season. And despite warnings to shop early because of pandemic-related delays, some of us didn’t prioritize holiday...

Average US price of gas drops 3 cents over 2 weeks, to $3.46

Dec. 06, 2021 13:32 PM EST

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline fell 3 cents over past two weeks, to $3.46 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price drop is partly because of a crash in crude oil costs. ...

Activist investor pushes Kohl's to sell or split e-commerce

Dec. 06, 2021 10:37 AM EST

NEW YORK (AP) — An activist investor is pushing department store chain Kohl's Inc. to either sell the entire company or spin off its e-commerce division. In a letter posted online on Monday, Engine Capital LP said that it wants the Menomonee Falls, Wisconsin-based chain to consider...

Gas prices drop by a lot in parts of northern New England

Dec. 06, 2021 09:38 AM EST

PORTLAND, Maine (AP) — Gas prices fell in northern New England over the past week after weeks of speculation that a price drop was coming. Prices in Maine fell 2.9 cents per gallon over the past week, according to GasBuddy, which surveys stations. The price in the state...

Indiana-based Shoe Carnival buys Alabama-based Shoe Station

Dec. 05, 2021 11:11 AM EST

MOBILE, Ala. (AP) — An Indiana-based shoe retailer has purchased a family-owned Alabama company that operates shoe stores in five states across the Southeast in a $67 million deal. Shoe Carnival Inc., with headquarters in Evansville, Indiana, said Friday it had acquired...

Gas prices falling in New Jersey, around nation at large

Dec. 04, 2021 10:14 AM EST

TRENTON, N.J. (AP) — Gas prices nationally and in New Jersey have fallen slightly in recent days amid news of the omicron variant of COVID-19 and travel restrictions announced by the Biden administration. AAA Mid-Atlantic says the average price of a gallon of regular...

US drugstores squeezed by vaccine demand, staff shortages

Dec. 04, 2021 09:57 AM EST

A rush of vaccine-seeking customers and staff shortages are squeezing drugstores around the U.S., leading to frazzled workers and temporary pharmacy closures. Drugstores are normally busy this time of year with flu shots and other vaccines, but now pharmacists are doling...

DAs, retailers say California needs tougher retail theft law

Dec. 03, 2021 18:58 PM EST

SACRAMENTO, Calif. (AP) — Spurred by a recent run of large-scale smash-and-grab robberies, prosecutors and retailers are pushing back on assertions by California's governor and attorney general that they have enough tools to combat retail theft in the wake of a voter-approved easing of...

Nevada board may revoke pot license in unpaid tax complaint

Dec. 03, 2021 18:37 PM EST

LAS VEGAS (AP) — A marijuana cultivator and producer in northern Nevada could lose its licenses based on a Cannabis Compliance Board complaint that it failed to pay hundreds of thousands of dollars in taxes. The Las Vegas Review-Journal reports the complaint filed this...

Kroger, Okta rise; Dollar General, Apple fall

Dec. 02, 2021 16:50 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Synopsys Inc., up $14.92 to $349.67. The maker of software used to test and develop chips gave investors an encouraging profit forecast. ...