Latest Retail sales News

Cyber Monday caps holiday shopping weekend as virus lingers

Nov. 29, 2021 19:09 PM EST

NEW YORK (AP) — Americans are spending freely and going back to store shopping, knocking out some of the momentum in online sales from last year when Americans were making many of their purchases exclusively via the internet. Shopper traffic roared back on Black Friday,...

Group forms to help give equal access to new cannabis market

Nov. 24, 2021 13:03 PM EST

HAMDEN, Conn. (AP) — A new association has been formed to ensure Black and other under represented communities will have an opportunity to participate in Connecticut's new legalized recreational marijuana industry, as state legislators had promised. The Alliance for...

California analyst predicts $31 billion budget surplus

Nov. 17, 2021 20:04 PM EST

SACRAMENTO, Calif. (AP) — California is on track to have so much money that state officials will likely have to give even more of it back to taxpayers to meet constitutional limits on state spending, according to a new forecast from the state's independent Legislative Analyst's Office. ...

Asian shares slip despite Wall St gains after Biden-Xi talks

Nov. 16, 2021 22:28 PM EST

TOKYO (AP) — Asian shares slipped Wednesday despite a rally on Wall Street. In Japan, the benchmark reversed earlier gains that had come on the yen trading lower recently, boosting the profits of exporters. Japan's benchmark Nikkei 225 fell 0.3% to 29,730.21. South...

Defying inflation, Americans ramped up spending last month

Nov. 16, 2021 13:08 PM EST

WASHINGTON (AP) — Many Americans have taken a darker view of the economy as inflation has worsened. Yet so far, they appear no less willing to spend freely at retailers — an encouraging sign for the crucial holiday shopping season. Buoyed by solid hiring, healthy pay...

US retail sales rise a healthy 1.7%, as Americans shrug off higher prices and spend more on appliances, cars and at home

Nov. 16, 2021 08:54 AM EST
WASHINGTON (AP) — US retail sales rise a healthy 1.7%, as Americans shrug off higher prices and spend more on appliances, cars and at home.

Asian stocks rise as Biden, Xi hold video summit

Nov. 15, 2021 22:44 PM EST

BEIJING (AP) — Asian stock markets rose Tuesday as President Joe Biden and China's Xi Jinping held a summit meeting by video link. Market benchmarks in Shanghai, Tokyo and Hong Kong advanced. Sydney fell. Wall Street's benchmark S&P 500 index...

Beyond Meat Q3 sales fall short as US demand drops

Nov. 10, 2021 18:41 PM EST

Plant-based meat maker Beyond Meat reported lower-than-expected sales in the third quarter due to a slump in U.S. demand. Beyond Meat said its sales increased 12.7% to $106.4 million for the July-September period. That was lower than the $109 million Wall Street forecast,...

Oregon county bans sale of flavored tobacco products

Nov. 03, 2021 10:00 AM EDT

HILLSBORO, Ore. (AP) — Oregon's second most populous county has passed the state's first ban on flavored tobacco products. Oregon Public Broadcasting reports the Board of County Commissioners in Washington County voted 3 to 2 Tuesday to prohibit retail sales of any...

China's economy slows as Beijing wrestles with debt

Oct. 31, 2021 22:28 PM EDT

BEIJING (AP) — China’s economic rebound from the coronavirus pandemic is stalling as President Xi Jinping’s government cracks down on surging corporate debt. For a decade, the ruling Communist Party has talked about shifting to economy based on spending by 1.4...