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With the exception of the cleaning staff, the center court at Westmoreland Mall in Hempfield, Pa., near Pittsburgh, remains clear of large crowds on Monday, March 18, 2020, despite some businesses in the mall remaining open during the coronavirus pandemic. (Steve Adams/Pittsburgh Tribune-Review via AP)

Malls look toward rocky future following pandemic

May. 23, 2020 3:05 AM EDT

PITTSBURGH (AP) — America’s once-dazzling shopping industry is facing blow after blow as department stores anchoring malls across the country file for bankruptcy, a move that could leave already struggling shopping malls permanently in the dark. Sales have plummeted, with a record 16% drop in retail...

A doorman wearing a face shield and mask to protect from coronavirus stands outside the main entrance of the Fortnum & Mason department store as customers leave carrying shopping bags in the Piccadilly area of central London, Friday, May 22, 2020. The store reopened its food hall department for customers to enter yesterday as part of a phased reopening as the British government is beginning to relax aspects of its nationwide coronavirus lockdown. (AP Photo/Matt Dunham)

Global tourism upended; worst-case earnings scenario dodged

May. 22, 2020 7:14 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to national and global response, the work place and the spread of the virus. ________________________ SUPPLY DEMANDED: The virus has upended supply chains and shut stores...

FILE - In this March 30, 2020 file photo, bicyclists pass in front of a closed Macy's department store in Santa Ana, Calif. Macy’s warned Thursday, May 21 that it could lose more than a $1 billion during its first quarter after the coronavirus pandemic paralyzed retail operations worldwide. (AP Photo/Chris Carlson)

Pandemic highlights big box stores' ability to pivot

May. 21, 2020 5:05 PM EDT

NEW YORK (AP) — Late last year, Best Buy began testing curbside pickup at select stores as a way to respond to customer needs. But that was then. The pandemic accelerated the company's plans and what was supposed to take months instead took just 48 hours, with Best Buy rolling out curbside pickup at nearly...

Inovio, Spotify rise; Urban Outfitters, Eaton Vance fall

May. 20, 2020 4:31 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Urban Outfitters Inc., down $1.39 to $16.54. The clothing and accessories retailer reported a surprisingly big loss during the first quarter as shutdowns hurt sales. Lowe's Companies Inc., up 12 cents to $116.99. The home...

FILE - In this March 22, 2020 file photo, customers wearing masks walk into a Lowe's home improvement store in the Canoga Park section of Los Angeles.  Lowe’s move to revamp its outdated online business in recent months paid off during the first quarter, as shut-in shoppers shifted to its online services for supplies for their do-it-yourself home projects during the pandemic. The nation’s second-largest home improvement retailer behind Home Depot saw an 80% increase in online sales for the quarter, reported Wednesday, May 20. (AP Photo/Mark J. Terrill)

Lowe's retooled online business pays off during the pandemic

May. 20, 2020 12:29 PM EDT

NEW YORK (AP) — Lowe's Cos.'s move to revamp its outdated online business in recent months paid off in the first quarter, as shoppers shut in because of the pandemic shifted to online services for supplies for their do-it-yourself home projects. The nation's second-largest home improvement retailer behind...

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. Online sales at Target more than doubled as the pandemic put millions in lockdown during the first quarter, revealing further the critical role big box stores played in getting supplies to an immobilized population.  The Minneapolis company reported Wednesday, May 20 that comparable-store sales, which include online purchases, rose 10.8% for the three-month period that ended May 2.  (AP Photo/Mark Lennihan, File)

Big box rules: Target's online push readied it for pandemic

May. 20, 2020 10:12 AM EDT

NEW YORK (AP) — Online sales at Target more than doubled as the pandemic put millions in lockdown during the first quarter, revealing further the critical role big box stores played in getting supplies to an immobilized population. The Minneapolis company reported Wednesday that comparable-store sales,...

FILE - In this March 31, 2020 file photo, a woman pulls groceries from a cart to her vehicle outside of a Walmart store in Pearl, Miss.  Walmart became a lifeline to millions of people as the coronavirus spread, and its profit and sales surged during the first quarter, topping almost all expectations.  (AP Photo/Julio Cortez, File)

Walmart becomes a pandemic lifeline, online sales surge 74%

May. 19, 2020 4:46 PM EDT

NEW YORK (AP) — Walmart emerged as one of the few lifelines to millions of people as the coronavirus spread, leading to surging profit and sales for the world's largest retailer. Online sales in the U.S. jumped 74% for its fiscal first quarter that ended April 30, which captured the brunt of the...

FILE  - In this Wednesday, July 25, 2018 file photo, cars are parked at a Fiat Chrysler car dealer in Milan, Italy. European car sales bottomed out last month as the automotive industry faces the worst crisis in decades.  
Strict lockdown measures to contain the coronavirus shutdown most dealerships across the continent for the full month of April, amid a precipitous drop in consumer spending, causing sales to collapse by an unprecedented 76%, according to the ACEA car manufacturers’ association. (AP Photo/Luca Bruno, File)

April European car sales see worst drop since records began

May. 19, 2020 3:00 AM EDT

MILAN (AP) — European car sales bottomed out last month as the automotive industry faces its worst crisis in decades. Strict lockdown measures to contain the coronavirus closed most dealerships across the continent for the full month of April amid a precipitous drop in consumer spending, causing sales to...

Tina Nguyen, a nurse at at the International Community Health Services clinic in Seattle's International District, examines a nose swab while conducting walk- and drive-up testing for COVID-19, Friday, May 15, 2020. As testing supplies for coronavirus have become more abundant, the clinic has been able to offer testing to anyone in the community by appointment if they are experiencing symptoms. (AP Photo/Ted S. Warren)

Most US states fall short of recommended testing levels

May. 15, 2020 10:10 PM EDT

WASHINGTON (AP) — As businesses reopened Friday in more of the U.S., an overwhelming majority of states still fall short of the COVID-19 testing levels that public health experts say are necessary to safely ease lockdowns and avoid another deadly wave of outbreaks, according to an Associated Press...

FILE - In this May 8, 2020, file photo, a J.C. Penney store sits closed in Roseville, Mich. The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. Penney said late Friday, May 15, 2020, it will be closing some stores and will be disclosing details and timing in the next few weeks. (AP Photo/Paul Sancya, File)

Pandemic claims another retailer: 118-year-old J.C. Penney

May. 15, 2020 8:58 PM EDT

NEW YORK (AP) — The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. As part of its reorganization, the 118-year-old company said late Friday it will be shuttering some stores. It said...