Retail and wholesale sector performance

November 28, 2020 - 12:05 pm
Black Friday online sales hit a new record this year as pandemic-wary Americans filled virtual carts instead of real ones. Consumers spent an estimated $9 billion on U.S. retail websites on Black Friday, according to Adobe Analytics, which tracks online shopping. That was a 22% increase over the...
Read More
FILE - This Tuesday, Feb. 3, 2015 file photo shows a RadioShack store in Dallas. RadioShack, the nearly century-old electronics retailer ubiquitous in malls for decades, has been pulled from brink of death — again. It’s the most prized name in the basket of retail brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up for a relative pittance since the coronavirus pandemic landed on U.S. shores. (AP Photo/Tony Gutierrez, File)
KNSS News
November 24, 2020 - 4:40 pm
SILVER SPRING, Md. (AP) — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again. It's the most prized name in the basket of brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up since the coronavirus pandemic bowled over the U.S. retail...
Read More
FILE - In this Nov. 29, 2019 file photo, a shopper carries a crockpot during Target's Black Friday sale, in the Borough of New York. The National Retail Federation, the nation’s largest retail group, expects that holiday sales could actually exceed growth seen in prior seasons despite the uncertainty surrounding the pandemic. (AP Photo/Bebeto Matthews, File)
November 23, 2020 - 12:01 pm
NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, expects that holiday sales could actually exceed growth seen in prior seasons, despite all the uncertainty surrounding the pandemic. The reason? Shoppers are looking for opportunities to spend and celebrate the...
Read More
November 17, 2020 - 2:06 pm
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the nationwide surge in confirmed coronavirus could slow the economy in the months ahead by discouraging consumers from spending. “We’re seeing states begin to impose some activity restrictions," Powell said in an online...
Read More
FILE - In this Sept. 15, 2020 file photo, passers-by examine a storefront window, in Boston's fashionable Newbury Street shopping district. Retail sales in the U.S. grew a slower-than-expected 0.3% in October, even as retailers offered early holiday discounts online and in stores. (AP Photo/Steven Senne, File)
November 17, 2020 - 8:59 am
NEW YORK (AP) — Retail sales in the U.S. grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores. A surge in coronavirus infections nationwide and the expiration of a $600 weekly boost to unemployment checks over the summer has slowed spending by...
Read More
FILE - In this Dec. 12, 2019, file photo workers process chickens at the Lincoln Premium Poultry plant, Costco Wholesale's dedicated poultry supplier, in Fremont, Neb. U.S. wholesale prices rose 0.3% in August 2020, just half the July gain, as food and energy prices decline. The Labor Department said Thursday, Sept. 10 that the August advance in the producer price index — which measures inflation before it reaches consumers — followed a 0.6% surge in June which was the biggest monthly gain since October 2018. (AP Photo/Nati Harnik, File)
November 13, 2020 - 7:49 am
WASHINGTON (AP) — U.S. wholesale prices rose moderately in October as food costs jumped by the largest amount in five months. The Labor Department reported Friday that its producer price index, which measures inflation pressures before they reach the consumer, increased 0.3% last month, slightly...
Read More
A delivery man passes by an ad for the Nov. 11 Sales Day in Beijing, China on Oct. 28, 2020. Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year's Singles' Day online shopping festival, as the country recovers from the coronavirus pandemic. (AP Photo/Ng Han Guan)
November 10, 2020 - 3:06 am
HONG KONG (AP) — Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year’s Singles’ Day online shopping festival, as the country recovers from the pandemic. The shopping festival, which is the world’s largest and falls on Nov. 11 every...
Read More
November 09, 2020 - 4:24 pm
SEATTLE (AP) — A former Microsoft worker was sentenced Monday to nine years in prison for a scheme to steal $10 million in digital currency — money authorities said he used to buy a $160,000 car and a lakefront home. Volodymyr Kvashuk, a 26-year-old Ukrainian citizen living in Renton, Washngton,...
Read More
November 04, 2020 - 5:42 am
THE HAGUE, Netherlands (AP) — Soaring online sales amid the global coronavirus pandemic boosted global retailer Ahold Delhaize's earnings in the third quarter, the company said Wednesday. Net sales at the company which owns the Stop & Shop, Food Lion and Hannaford stores in the United States...
Read More
FILE - In this Wednesday, Oct. 14, 2020 file photo, the American Flag hangs outside the New York Stock Exchange in New York. Stocks are opening higher on Wall Street, putting the market on track to end a choppy week of trading slightly higher. If the gains hold, the S&P 500 would mark its third straight weekly gain. In the first few minutes of trading Friday, Oct. 16 the benchmark index was up 0.4%. (AP Photo/Frank Franklin II)
October 16, 2020 - 3:57 pm
Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to a mixed finish. The S&P 500 ended the day just a fraction of a point higher after a burst of selling erased a 0.9% gain. Despite a three-day stretch of losses, the...
Read More

Pages