Retail industry

November 21, 2018 - 7:10 am
COPENHAGEN, Denmark (AP) — Swedish home furnishings giant Ikea said the biggest retailer within its franchise system is to create a net 4,000 jobs over the coming two years as it expands its online presence and opens new shops in city centers to complement its trademark larger stores in the suburbs...
Read More
FILE- In this Friday, Nov. 9, 2018, file photo trader Vincent Napolitano, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Nov. 20. (AP Photo/Richard Drew, File)
November 20, 2018 - 5:04 pm
NEW YORK (AP) — Stocks dropped again Tuesday as losses mounted for the world's largest technology companies. Retailers also fell, and energy companies plunged with oil prices as the market sank back into the red for the year. Oil prices tumbled another 6.6 percent as Wall Street reacted to rising...
Read More
In this Friday, Nov. 16, 2018, photo, ornaments, including one with the likeness of Bullseye, the Target mascot, hang from a display at a Target store in Bridgewater, N.J. Shoppers are spending freely heading into the holidays, but heavy investments and incentives like free shipping by retailers are giving Wall Street pause. Target Inc., Kohl's Corp., Best Buy Co. and TJX Cos. all reported strong sales at stores opened at least a year. (AP Photo/Julio Cortez)
November 20, 2018 - 1:48 pm
NEW YORK (AP) — Shoppers are spending freely heading into the holidays, but heavy investments and incentives like free shipping by retailers are giving Wall Street pause. Target Inc., Kohl's Corp., Best Buy Co. and TJX Cos. all reported strong sales at stores opened at least a year. That's a key...
Read More
In a photo taken Friday, Nov. 16, 2018, Target employee Lindsay Walker scans an item as she collects merchandise from shelves to prep them for an online order at a Target store in Edison, N.J. Target Corp. reports earnings Tuesday, Nov. 20. (AP Photo/Julio Cortez)
November 20, 2018 - 7:52 am
MINNEAPOLIS (AP) — Target's ramped up investments online and in stores are bringing in shoppers, but they're also bruising the bottom line. Company shares fell sharply before the opening bell Tuesday after Target missed profit expectations for the third quarter, the last look at the retailer's...
Read More
November 17, 2018 - 3:10 pm
WASHINGTON (AP) — The chief executive of J.Crew Group Inc. is stepping down. The clothing retailer said in an announcement Saturday that the departure of James Brett, a retail veteran who took the top job in 2017, was by mutual agreement between Brett and the company's board of directors. In a...
Read More
November 17, 2018 - 1:16 pm
FORT LAUDERDALE, Fla. (AP) — Florida is suing the nation's two largest drugstore chains, Walgreens and CVS, alleging they added to the state and national opioid crisis by overselling painkillers and not taking precautions to stop illegal sales. Attorney General Pam Bondi announced late Friday that...
Read More
This cover image released by Crown shows "Becoming," by Michelle Obama. Crown Publishing told The Associated Press on Friday that the former first lady’s memoir had sold more than 725,000 copies after its first day of publication. “Becoming” came out Tuesday, the same day Obama launched a national book tour. (Crown via AP)
November 16, 2018 - 1:10 pm
NEW YORK (AP) — Michelle Obama's "Becoming" is already well on its way to selling a million copies. Crown Publishing tells The Associated Press on Friday that the former first lady's memoir had sold more than 725,000 copies after its first day of publication. "Becoming" was released on Tuesday, the...
Read More
November 15, 2018 - 8:34 am
WASHINGTON (AP) — U.S. retail sales rose at a healthy pace in October, though the gains were likely boosted by one-time factors such as hurricane recovery spending and higher gas prices. The Commerce Department said Thursday that retail sales rose a seasonally adjusted 0.8 percent last month,...
Read More
FILE- This Nov. 9, 2018, file photo shows a Walmart Supercenter in Houston. Walmart Inc. reports earnings Thursday, Nov. 15. (AP Photo/David J. Phillip, File)
November 15, 2018 - 7:59 am
NEW YORK (AP) — Walmart reported strong sales online and in its established store sales for its fiscal third quarter, and raised profit expectations for the year heading into the holiday shopping season. The report Thursday suggests that efforts by Walmart to improve the experience of its customers...
Read More
FILE- In this Friday, Nov. 9, 2018, file photo trader Thomas Ferrigno, right, and specialist Gregg Maloney work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Nov. 13. (AP Photo/Richard Drew, File)
November 13, 2018 - 2:07 pm
U.S. stock indexes veered mostly higher in afternoon trading Tuesday, on course to recoup some of the market's big losses from a day earlier. Gains in technology companies, banks and industrial stocks outweighed losses in household goods sellers, utilities and elsewhere in the market. Energy stocks...
Read More

Pages