Latest Retail industry News

A pedestrian browses the display window at The Loop fashion and shoe store as businesses slowly begin to reopen after social distancing restrictions shuttered storefronts nationwide, Tuesday, May 26, 2020, in Yonkers, N.Y. (AP Photo/John Minchillo)

NYSE floor reopens, traders buy shares of Crocs, airlines

May. 26, 2020 4:36 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to national and global response, the work place and the spread of the virus. ________________________ GREEN SHOOTS: States are in varying degrees of reopening, and so are...

This combination photo shows Jennifer Salgado, 42, of Bloomfield, N.J., with a pack of macarons, left, and a bag of peas she ordered during coronavirus lockdown. Millions of people have helped online retail sales surge as consumer spending fell off rapidly when businesses shut down. Salgado snapped up 96 macarons from a bulk-buying store, along with 24 pounds of frozen peas. (Jennifer Salgado via AP)

Worry, haste, retail therapy: What have we bought and why?

May. 26, 2020 10:15 AM EDT

NEW YORK (AP) — Between technical glitches and food worries, retail therapy and sheer amnesia, something has happened to shopping during the pandemic that can be summed up thusly: rubber chickens. Melissa Jean Footlick bought some while sheltering at home in San Diego with her husband and three dogs. She's...

School children wearing masks get their hands sanitized and temperatures checked as they arrive to appear for state board examination during the coronavirus pandemic in Kochi, Kerala state, India, Tuesday, May 26, 2020. (AP Photo/R S Iyer)

The Latest: India reports biggest jump in virus cases again

May. 26, 2020 2:17 AM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — India reports biggest jump in virus cases for 7th straight...

In this Wednesday, May 13, 2020, photo, Amy Witt, owner of the Velvet Window, steam-sanitizes clothes that had been tried on by customers, in Dallas. Small businesses are navigating a new way to work with customers amid concerns of the spread of the coronavirus. (AP Photo/LM Otero)

Forced to adapt, businesses rethink how they make money

May. 24, 2020 10:24 AM EDT

NEW YORK (AP) — Many business owners are changing the way they make money as they attempt to recoup revenue lost to the coronavirus outbreak. The changes can look subtle; for example, when owners of clothing stores decide to beef up their internet business. But often such adjustments involve an entire...

FILE - In this Aug. 15, 2019, file photo shoppers enter the TJ Maxx store in Manchester, N.H. TJX Companies Inc., parent of T.J. Maxx and other discount stores reports financial results on Wednesday, Feb. 26, 2020. (AP Photo/Charles Krupa, File)

Retailers reopening more stores, tourism expanding

May. 21, 2020 7:04 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to national and global response, the work place and the spread of the virus. ________________________ RETAIL ROUNDUP: Macy’s warns it could lose more than a $1...

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...

Clarification: Kroger Bonus Pay story

May. 21, 2020 10:29 AM EDT

CINCINNATI, Ohio (AP) — In a story published May 16, 2020, The Associated Press reported on a call by the United Food and Commercial Workers International union to grocery store chains asking to extend hazard pay for workers during the COVID-19 pandemic. The story should have made clear that the letter...

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Thursday, May 21, 2020. Asian stock markets are mixed after Wall Street rose amid Chinese trade tension with Washington and Australia. Investors looked ahead to Friday’s meeting of China’s legislature for details of possible new steps by Beijing to stimulate its virus-battered economy.(AP Photo/Vincent Yu)

Asian stocks mixed amid China tension with US, Australia

May. 21, 2020 12:20 AM EDT

Asian stock markets were mixed Thursday after Wall Street rose despite trade tensions between China and Washington and Australia. Investors were looking ahead to Friday’s meeting of China’s legislature for details of possible new steps by Beijing to stimulate its virus-battered economy. Benchmarks...

Francisco Hernandez puts concrete on a brick to be added to the outside of a new home, Wednesday, May 20, 2020, in Chagrin Falls, Ohio. (AP Photo/Tony Dejak)

Ford temporarily halts work at 2 plants; Rolls cuts jobs

May. 20, 2020 6:23 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to national and global response, the work place and the spread of the virus. ________________________ ON AGAIN, OFF AGAIN: Ford temporarily halted production at two...

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...