Latest Retail and wholesale News

A long-term care facility staff member, Pam Byers LPN, receives the COVID-19 vaccination for Oklahoma nursing home residents and staff at The Lodge at Brookline in Oklahoma City, Okla. on Tuesday, Dec. 22, 2020. (Chris Landsberger/The Oklahoman via AP)

The Latest: Hawaii says scarcity hinders vaccination efforts

Jan. 19, 2021 9:10 PM EST

HONOLULU — Hawaii’s leaders say limited supply is the main thing constraining distribution of the coronavirus vaccine in the state. Hawaii received 59,000 doses of the vaccine last week, but expects to get only about 32,000 this week. Still, Lt. Gov. Josh Green says the state expects to be able to...

FILE - In this March 30, 2020 file photo, My Pillow CEO Mike Lindell speaks as President Donald Trump listens during a briefing about the coronavirus in the Rose Garden of the White House, in Washington. Lindell, an avid supporter of President Donald Trump, who has continued to push the notion of election fraud since Trump lost to Joe Biden in the presidential election in November, said his products will no longer be carried in the stores of some retailers, including Bed Bath & Beyond and Kohl's.  (AP Photo/Alex Brandon, File)

Stores drop MyPillow after CEO pushes election conspiracies

Jan. 19, 2021 5:31 PM EST

NEW YORK (AP) — The founder and CEO of MyPillow, who amplified President Donald Trump's claims of election fraud, said a backlash against his company has begun after a mob stormed the U.S. Capitol this month. Mike Lindell, who appears in TV commercials hugging the company’s foam-filled pillows,...

FILE - In this Nov. 23, 2020 file photo, stone sculptures adorn the New York Stock Exchange.  Stocks are pulling lower again on Friday, Jan. 15, 2021,  after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline.   (AP Photo/Seth Wenig, File)

Stocks fall as economic pain deepens, rally runs out of gas

Jan. 15, 2021 4:27 PM EST

NEW YORK (AP) — Wall Street closed out its first losing week in three with another drop on Friday after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline. The S&P 500 fell 27.29, or 0.7%, to 3,768.25, with stocks of companies that...

FILE - In this Nov. 5, 2020 file photo, a Target employee places a curbside pickup purchase into the trunk of a customer in Jackson, Miss. The nation’s largest retail trade group says Friday, Jan. 15, 2021,  that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores.  (AP Photo/Rogelio V. Solis, File)

Retail group: holiday sales up 8.3% amid big spending shift

Jan. 15, 2021 3:07 PM EST

NEW YORK (AP) — The nation’s largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. The National Retail Federation had expected growth in a range of 3.6% to 5.2% for the November and December...

Pedestrians wearing protective face masks walk past the ancient Agora, in Athens, on Friday, Jan. 15, 2021. Greece's prime minister says the country's retail sector might begin to gradually reopen next week, if the scientists advising the government on the coronavirus pandemic recommend it is safe to do so today. (AP Photo/Petros Giannakouris)

Greece: Lockdown extended indefinitely but stores to reopen

Jan. 15, 2021 1:30 PM EST

ATHENS, Greece (AP) — Greece's government has extended nationwide lockdown measures indefinitely but says retail stores and malls will reopen Monday with strict entrance limits. Civil protection chief Nikos Hardalias said Friday that a nightly curfew, domestic travel restrictions and stay-at-home orders...

A sale sign is displayed near the entrance of a Hallmark store Tuesday, Jan. 12, 2021, in Orlando, Fla.  Retail sales fell for a third straight month, as a surge in virus cases kept people away from stores and restaurants during the holiday shopping season.     The report released Friday is yet another sign that the pandemic is slowing the U.S. economy. Last month, the country lost jobs for the first time since the spring.(AP Photo/John Raoux)

U.S. retail sales fell in December for 3rd straight month

Jan. 15, 2021 12:29 PM EST

NEW YORK (AP) — Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season. The U.S. Commerce Department said Friday that retail sales fell a seasonally adjusted 0.7% in December from the month...

FILE - In this Monday, May 2, 2016, file photo, Jet.com CEO Marc Lore speaks during an interview in Hoboken, N.J.  Lore, Walmart’s e-commerce chief, is leaving the world’s largest retailer, Friday, Jan. 15, 2021, nearly five years after he joined to super charge its online business amid stiffer competition from online leader Amazon. Under Lore’s stewardship, Walmart led the redesign of the company’s website, expanded its online assortment from 10 million to more than 80 million and transformed its delivery network to add two-day and same day delivery.    (AP Photo/Seth Wenig, File)

Walmart's e-commerce chief to leave after nearly 5 years

Jan. 15, 2021 12:07 PM EST

NEW YORK (AP) — Marc Lore, Walmart's e-commerce chief, is leaving the world's largest retailer, nearly five years after he joined to super charge its online business amid stiffer competition from online leader Amazon. Under Lore's stewardship, Walmart led the redesign of the company's website and app,...

FILE - In this April 29, 2020 file photo, amid concerns of the spread of COVID-19, a shopper wears a mask as she looks over meat products at a grocery store in Dallas.  U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department reported Friday, Jan. 15, 2021 that the gain in its producer price index, which measures inflation pressures before they reach consumers, followed a modest 0.1% gain in November and matched the 0.3% rise in October.(AP Photo/LM Otero, File)

December wholesale prices up 0.3% with sharp jump in energy

Jan. 15, 2021 9:39 AM EST

WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department reported Friday that the gain in its producer price index, which measures inflation pressures before they reach consumers, followed a modest 0.1% gain in November and...

U.S. retail sales fell 0.7% in December as shoppers kept away from stores as virus cases rose

Jan. 15, 2021 8:36 AM EST
NEW YORK (AP) — U.S. retail sales fell 0.7% in December as shoppers kept away from stores as virus cases rose.
FILE- In this Aug. 3, 2017, file photo the Dollar General store is pictured in Luther, Okla.  As vaccinations continue across the U.S., some companies are offering financial incentives to encourage their workers to get the shots. Dollar General is one of the first major companies to announce extra pay for workers who get vaccinated. The Tennessee-based retailer said Wednesday, Jan. 13, 2021  it will give employees the equivalent of four hours of pay if they get the vaccine.    (AP Photo/Sue Ogrocki, File)

Instacart, others push incentives to get workers vaccinated

Jan. 14, 2021 7:31 PM EST

As vaccinations continue across the U.S., some companies are offering financial incentives to encourage their workers to get the shots. Instacart Inc., the grocery delivery service, announced Thursday that it would provide a $25 stipend for workers who get the COVID-19 vaccine. It joins others, including Trader...