Latest Retail and wholesale News
Retail sales up solidly in October as Americans showed continued willingness to spend
WASHINGTON (AP) — Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy's steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though...
Retail sales up solidly in October as Americans showed continued willingness to spend
Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
NEW YORK (AP) — Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations as part of its efforts to revive its struggling business. North Carolina-based Advance Auto said Thursday that it would be reducing its U.S. footprint as part of a...
Swiss chocolatier serves up Middle Eastern flavors as ‘Dubai chocolate’ craze hits Europe
AACHEN, Germany (AP) — Hundreds of curious shoppers, some equipped with camping stools and rain gear, lined up for hours on a drizzly Thursday in the western German city of Aachen. They weren't waiting for the latest phone or luxury handbag release: they were after a taste of a new chocolate bar....
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
WASHINGTON (AP) — Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday's report from the Labor Department showed that its producer price index — which tracks...
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
A $1 billion proposal is the latest plan to refurbish and save the iconic Houston Astrodome
HOUSTON (AP) — The Houston Astrodome has been in limbo, waiting for its chance at a second life since being shuttered more than 15 years ago. It was a technological marvel when it opened in 1965. But its heyday has long passed and it hasn’t been home to a sports team since the...
Amazon launches an online discount storefront to better compete with Shein and Temu
Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20, an effort to compete with discount retailers that have increasingly encroached on the e-commerce giant's turf. In a blog post on Wednesday, the company said the...
Small businesses can capitalize on Small Business Saturday with some planning
NEW YORK (AP) — Small Business Saturday — the Saturday after Thanksgiving — is coming up. But it doesn’t always translate to big sales for small businesses. There are some things small business owners should keep in mind when marketing themselves for the big holiday shopping weekend. ...
Shopify: Q3 Earnings Snapshot
OTTAWA, Ontario (AP) — OTTAWA, Ontario (AP) — Shopify Inc. (SHOP) on Tuesday reported third-quarter earnings of $828 million. The Ottawa, Ontario-based company said it had net income of 64 cents per share. Earnings, adjusted for one-time gains and costs, were 36 cents per share....