Retail industry

February 14, 2019 - 7:48 am
BERLIN (AP) — Austria's antitrust agency says it has initiated an investigation into online retailer Amazon over complaints of unfair trade practices on its "marketplace" platform. The Federal Competition Authority, or BWB, said Thursday it had received several complaints from Austrian retailers...
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FILE - In this May 4, 2017, file photo, Recreational Equipment, Inc. Jerry Stritzke, center, speaks to those who attended the Preview Party of the new REI Co-Op in Dillion, Colo. Officials say Stritzke, the president and CEO of outdoor retailer REI, has resigned for failing to disclose a relationship he had with the head of another organization in the outdoor industry. (Chris Dillmann/The Daily via AP, File)
February 12, 2019 - 7:23 pm
SEATTLE (AP) — Outdoor retailer REI says its president and CEO has resigned for failing to disclose a relationship with the head of another organization in the outdoor industry. REI officials at their Kent, Washington, headquarters said Tuesday that Jerry Stritzke will leave March 15. The company...
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FILE- In this Sept. 13, 2018, file photo Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washington's Milestone Celebration in Washington. Jeff Bezos, the world’s richest man and CEO of Amazon, is publicly accusing The National Enquirer in a blog post of trying to blackmail him by threatening to release more intimate photos of him unless he calls off an investigation into how that information was obtained in the first place. (AP Photo/Cliff Owen, File)
February 08, 2019 - 7:17 pm
NEW YORK (AP) — First it was a heart-wrenching tweet that he and his wife were getting a divorce after 25 years. Then a tabloid revealed that he'd been having an affair, releasing texts and photos of him and his mistress. As if either of those weren't distracting enough, now Jeff Bezos — the world'...
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February 06, 2019 - 4:48 am
COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg said Wednesday that its 2018 net profit rose to 5.31 billion kroner ($811 million) from 1.26 billion kroner a year earlier, on strong beer sales across its major markets, boosted by unusually hot weather in western Europe and the football World Cup...
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Specialist David Haubner, left, and trader Thomas McCauley work on the floor of the New York Stock Exchange, Tuesday, Feb. 5, 2019. Stocks are opening higher on Wall Street as investors welcomed some strong earnings reports from U.S. companies. (AP Photo/Richard Drew)
February 05, 2019 - 3:24 pm
Stocks marched higher in late-afternoon trading Tuesday, placing the market on track to extend its four-day winning streak. Investors welcomed strong earnings reports from a range of U.S. companies, including several luxury retailers. Ralph Lauren and Estee Lauder surged after reporting earnings...
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FILE- In this Jan. 30, 2019, file photo a buyer wanders between display walls of coats at the Outdoor Retailer & Snow Show in the Colorado Convention Center in Denver. The National Retail Federation, the nation's largest retail trade group, is forecasting that retail sales could grow between 3.8 percent and 4.4 percent to more than $3.8 trillion this year as shoppers remain in a mood to spend in a strong economy. (AP Photo/David Zalubowski, File)
February 05, 2019 - 1:43 pm
NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, forecasts that retail sales should grow between 3.8 percent and 4.4 percent to more than $3.8 trillion this year as shoppers remain in the mood to spend in a strong economy and job market. The forecast,...
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February 04, 2019 - 2:42 pm
BOSTON (AP) — In a story Jan. 31 about a lawsuit filed by Massachusetts against drugmaker Purdue Pharma, The Associated Press erroneously described the type of business the company McKinsey conducts. It is the management consulting firm, not a drug distributor. Also, the AP erroneously reported the...
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FILE - This July 17, 2018, file photo, shows the corporate headquarters of Papa John's pizza located on their campus, in Louisville, Ky. Starboard is investing $200 million into Papa John’s and has named its CEO as chairman of the pizza chain. Starboard Value LP said Monday, Feb. 4, 2019, that CEO Jeffrey Smith will serve as chairman of Papa John’s.. (AP Photo/Timothy D. Easley, File)
February 04, 2019 - 2:03 pm
LOUISVILLE, Ky. (AP) — Struggling pizza company Papa John's has turned to activist investment firm Starboard Value to help it engineer a turnaround. Starboard CEO Jeff Smith will become chairman of Papa John's board. Also named to the board are Anthony Sanfilippo, the former chairman and CEO of...
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FILE- In this Dec. 28, 2018, file photo trader Jonathan Corpina, right works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 1. (AP Photo/Richard Drew, File)
February 01, 2019 - 4:56 pm
Stocks capped a bumpy day of trading Friday with modest gains, extending the market's winning streak to its third straight day. Gains in technology companies, energy stocks and banks outweighed losses in retailers and elsewhere in the market. Major indexes were higher much of the morning as...
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In this Dec. 5, 2018, photo a box is scanned and weighed before at the Amazon fulfillment center on Staten Island borough of New York. Amazon reports financial results Thursday, Jan. 31, 2019. (AP Photo/Mary Altaffer)
January 31, 2019 - 7:25 pm
NEW YORK (AP) — Amazon had another strong holiday season: Its quarterly profit topped $3 billion for the first time as revenue grew across many of its businesses, including online shopping, advertising and cloud computing. The company, however, issued an estimate for the current quarter's revenue...
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