Latest Retail industry News

Train derails near LA site of recent wave of cargo thefts

Jan. 17, 2022 15:59 PM EST

LOS ANGELES (AP) — Crews made railroad repairs in Los Angeles Monday after a train derailed near the location where thieves have been raiding cargo containers, leaving the tracks littered with emptied boxes of packaged good sent by retailers. It wasn't immediately clear if the...

Amazon's UK site backs away from plan to stop taking Visa

Jan. 17, 2022 07:44 AM EST

LONDON (AP) — Amazon’s British website has backed away from plans to stop accepting Visa credit cards issued in the United Kingdom, saying Monday that the move has been put on hold while talks between the two sides continue. The online retailer said the change would not be...

World shares mixed after China reports slowing growth

Jan. 17, 2022 03:31 AM EST

BANGKOK (AP) — World shares were mixed on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter. Paris, Frankfurt, Tokyo and Shanghai advanced while Hong Kong and Seoul declined. ...

Asian shares mixed after China reports slowing growth

Jan. 16, 2022 22:32 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter. Tokyo, Shanghai and Sydney rose, while Hong Kong and Seoul declined. The...

Low spirits: Supply chain issues impact Virginia ABC stores

Jan. 16, 2022 09:07 AM EST

NORFOLK, Va. (AP) — Virginia ABC stores in South Hampton Roads and on the Peninsula are gradually recovering from distribution problems that have caused many shelves to go bare. “I was amazed at how many blank spaces there are on the shelves of ABC stores,” said Stephen King,...

Gas prices dip in NJ, unchanged around nation at large

Jan. 15, 2022 13:43 PM EST

TRENTON, N.J. (AP) — Gas prices dipped slightly in New Jersey and remained unchanged around the nation despite an increase in crude oil prices. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.37, down a penny from...

Stocks end mostly higher, but still log another losing week

Jan. 14, 2022 17:02 PM EST

A late-afternoon recovery in technology stocks helped erase most of the market's losses Friday, though it wasn't enough to keep major indexes from posting their second straight losing week. The S&P 500 eked out a 0.1% gain in the final minutes of trading after having been down...

Website for free virus tests is coming. How will it work?

Jan. 14, 2022 16:00 PM EST

WASHINGTON (AP) — Under criticism after weeks of shortages, President Joe Biden's administration is working to make COVID-19 rapid test kits more available and accessible to Americans by boosting supply and lowering costs. A new federal website to request free test kits launches Wednesday, with...

December retail sales slip after a record holiday season

Jan. 14, 2022 13:15 PM EST

NEW YORK (AP) — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Friday show that after spending robustly early in the holiday season, consumers sharply slowed their...

Bad luck: Pope acknowledges he got caught at record store

Jan. 14, 2022 09:21 AM EST

ROME (AP) — Pope Francis has long lamented that he can't walk around town unnoticed like he used to before becoming pope. But he seems to have nevertheless kept his sense of humor after he was caught on camera making an unannounced visit to a Rome record shop this week. Francis...