Retail and wholesale

FILE - This Aug. 23, 2018, file photo shows a Gap clothing store in Winter Park, Fla. Gap said late Thursday, Feb. 28, that it's creating two independent publicly traded companies — low-priced Old Navy and a yet-to-be named company, which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City. (AP Photo/John Raoux, File)
February 28, 2019 - 6:12 pm
NEW YORK (AP) — Gap Inc. is splitting into two. The retailer said Thursday that it's creating two independent publicly traded companies — low-priced juggernaut Old Navy and a yet-to-be named company, which will consist of the iconic Gap brand, Athleta, Banana Republic as well as the lesser known...
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FILE- In this Feb. 5, 2019, file photo trader Michael Urkonis works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 28. (AP Photo/Richard Drew, File)
February 28, 2019 - 11:44 am
NEW YORK (AP) — Stocks are falling on Wall Street Thursday after the government reported that economic growth slowed down at the end of last year. The market is still heading for its best start of the year since 1991, in stark contrast to a dismal end to 2018, when a plunge almost put an end to the...
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FILE - In this May 16, 2018, file photo, the J.C. Penney logo is seen hanging outside the Manhattan mall in New York. J.C. Penney Co. reports financial results Thursday, Feb. 28, 2019. (AP Photo/Mary Altaffer, File)
February 28, 2019 - 10:55 am
NEW YORK (AP) — J.C. Penney is closing more stores following weak holiday sales season for the retailer. Net income tumbled nearly 70 percent, and a key measure for health dropped 4 percent in the fourth-quarter, the most crucial period of the year for retailers who bank on strong holiday sales...
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FILE- In this Feb. 15, 2019, file photo traders Patrick Casey, left, and Sal Suarino work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 27. (AP Photo/Richard Drew, File)
February 27, 2019 - 4:10 pm
Major U.S. stock indexes closed mostly lower Wednesday after wavering for much of the day between small gains and losses. The downbeat finish extended the market's mild losses from a day earlier. Even so, the benchmark S&P 500 index is on track to end the month with a gain of more than 3...
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In this April 21, 2018 photo provided by Rachel Wasser, Walmart greeter John Combs works at a Walmart store in Vancouver, Wash. Combs, who has cerebral palsy, and other greeters with disabilities are threatened with job loss as Walmart transforms the greeter position into one that’s more physically demanding. Combs was devastated and then angered by his impending job loss. (Rachel Wasser via AP)
February 27, 2019 - 3:33 pm
As Walmart moves to phase out its familiar blue-vested "greeters" at some 1,000 stores nationwide, disabled workers who fill many of those jobs say they're being ill-treated by a chain that styles itself as community-minded and inclusive. Walmart told greeters around the country last week that...
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FILE- In this Feb. 23, 2018, file photo sales associate Larry Wardford, of Holliston, Mass., places items on selves at a Lowe's retail home improvement and appliance store, in Framingham, Mass. Lowe's Companies, Inc. reports financial results Wednesday, Feb. 27, 2019. (AP Photo/Steven Senne)
February 27, 2019 - 5:33 am
MOORESVILLE, N.C. (AP) — Lowe's swung to a loss in its fourth quarter, weighed down sizeable one-time charges and a lethargic housing market. The home improvement company lost $824 million, or $1.03 per share. That includes $1.6 billion in charges, most from a $952 million goodwill impairment...
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FILE- In this May 16, 2018, file photo a pedestrian makes his way past a window display at Macy's flagship store in New York. Macy's Inc. reports financial results Tuesday, Feb. 26, 2019. (AP Photo/Mary Altaffer, File)
February 26, 2019 - 1:58 pm
NEW YORK (AP) — Macy's announced a multiyear money-saving restructuring program that it says will shrink its management structure and make the department store more nimble in a fiercely competitive environment. The plan, unveiled Tuesday, would result in annual cost savings of $100 million and...
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FILE- In this Aug. 14, 2018, file photo workers stock the shelves at a Home Depot store in Passaic, N.J. Home Depot Inc. reports financial results Tuesday, Feb. 26, 2019. (AP Photo/Ted Shaffrey, File)
February 26, 2019 - 1:55 pm
ATLANTA (AP) — Strains in the nation's housing sector, coupled with nasty weather across the U.S., took their toll on Home Depot's sales in the last few months of 2018. And more disconcerting news about the state of the U.S. housing market could make for a challenging 2019 for the home-improvement...
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FILE- This April 30, 2018, file photo shows an exterior view of the Sainsbury's flagship store in the Nine Elms area of London. British regulators say the proposed supermarkets merger between Sainsbury's and Walmart's Asda unit would push up prices and reduce quality for shoppers, casting doubt on a deal that would create the country's biggest grocery chain. (AP Photo/Matt Dunham, File)
February 20, 2019 - 12:53 pm
LONDON (AP) — British regulators say the proposed supermarkets merger between Sainsbury's and Walmart's Asda unit would push up prices and reduce quality for shoppers, casting doubt on a deal that would create the country's biggest grocery chain. It also serves as yet another regulatory blow to...
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FILE- In this Nov. 9, 2018, file photo shoppers look at toys at a Walmart Supercenter in Houston. Walmart Inc. reports financial results Tuesday, Feb. 19, 2019. (AP Photo/David J. Phillip, File)
February 19, 2019 - 2:15 pm
NEW YORK (AP) — Walmart defied a gloomy government retail sales report for December, delivering fiscal fourth-quarter profits and sales that beat Wall Street expectations. The world's largest retailer also enjoyed another quarter of surging e-commerce sales during the critical holiday period as it...
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