Retail industry

October 24, 2020 - 12:46 pm
ST. PETERSBURG, Fla. (AP) — Jimmie Johnson needed funding for his move to IndyCar so the seven-time NASCAR champion transitioned into a salesman for the first time. He'll continue selling all next year as representative for the online auto retailer Carvana. Johnson and Chip Ganassi Racing on...
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FILE - In this Tuesday, Aug. 4, 2020, file photo, signage is pictured at a Walmart store in Oklahoma City. On Thursday, Oct. 22, 2020, Walmart filed a lawsuit against the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis. (AP Photo/Sue Ogrocki, File)
October 22, 2020 - 7:20 pm
NEW YORK (AP) — Walmart is suing the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis. The government is expected to take civil action against the world's largest retailer, seeking big financial penalties, for the role its pharmacies may have...
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FILE - In this May 8, 2020 file photo, a parking lot at a JC Penney store is empty in Roseville, Mich. J.C. Penney anticipates being out of bankruptcy protection before the December holiday season. The retailer said Wednesday, Oct. 21 that it filed a draft asset purchase agreement under which mall owners Brookfield Asset Management Inc. and Simon Property Group will acquire substantially all of its retail and operating assets through a combination of cash and new term loan debt. (AP Photo/Paul Sancya, File)
KNSS News
October 21, 2020 - 6:37 am
NEW YORK (AP) — J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs. The beleaguered, century-old retailer said Wednesday that it has filed a draft asset purchase agreement with the two biggest...
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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...
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FILE - In this July 17, 2020 file photo, a senior citizen holds the hand of a care coordinator at a Health facility in Miami. Federal health officials on Friday unveiled a plan to get approved coronavirus vaccines to nursing home residents free of cost, with the aid of two national pharmacy chains. No vaccine has yet been approved by the Food and Drug Administration, and the distribution program is contingent on that happening first. (AP Photo/Wilfredo Lee)
October 16, 2020 - 1:43 pm
WASHINGTON (AP) — Federal health officials on Friday unveiled a plan to get yet-to-be-approved coronavirus vaccines to nursing home residents free of charge, enlisting two national pharmacy chains to help. Such a vaccine is not yet available, and that led to skepticism from some long-term care...
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Passers-by examine a storefront window, Tuesday, Sept. 15, 2020, in Boston's fashionable Newbury Street shopping district. Retail sales rose in September for the fifth month in a row, as Americans spent more on clothing, cars and sporting goods. The U.S. Commerce Department said Friday, Oct. 16, that retail sales grew 1.9% last month.AP Photo/Steven Senne)
October 16, 2020 - 8:22 am
NEW YORK (AP) — Retail sales rose strongly in September, the fifth consecutive month of growth, as Americans spent more on clothing, cars and sporting goods. The U.S. Commerce Department said Friday that retail sales jumped 1.9% last month. That's much better than the 0.8% rise economists expected...
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FILE - In this June 25, 2016, file photo a person walks by signage hangs outside a Walgreens pharmacy in downtown Cincinnati. COVID-19 took another bite out of Walgreens Boots Alliance quarterly numbers but this time left behind better-than-expected earnings. The drugstore chain said Thursday, Oct. 15, 2020, that it made $373 million in the final quarter of fiscal 2020 after losing $1.7 billion the previous quarter, when millions of shoppers stayed home to avoid the rapidly spreading pandemic. (AP Photo/John Minchillo, File)
KNSS News
October 15, 2020 - 7:36 am
COVID-19 took another bite out of Walgreens Boots Alliance quarterly numbers but this time left behind better-than-expected earnings. The drugstore chain said Thursday that it made $373 million in the final quarter of fiscal 2020 after losing $1.7 billion the previous quarter, when millions of...
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People walk past a Miniso shop at a shopping mall in Beijing, Thursday, Oct. 15, 2020. Miniso, a Chinese discount retailer known for its fashionable but affordable household products, is expected to raise up to $562 million in a U.S. initial public offering in New York. The Guangzhou-based retailer is the latest Chinese company to list in the U.S., amid tensions that have taken U.S.-China relations to their worst level in decades. (AP Photo/Mark Schiefelbein)
October 15, 2020 - 7:22 am
HONG KONG (AP) — Miniso, a Chinese discount retailer known for its fashionable but affordable household products, is expected to raise up to $562 million in a U.S. initial public offering in New York. The Guangzhou-based retailer is the latest Chinese company to list in the U.S., amid tensions that...
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October 13, 2020 - 1:01 pm
NEW YORK (AP) — With many independent bookstore owners facing the most dire financial crisis in their lifetimes, the American Booksellers Association has teamed with an award-winning advertising agency known for “culture hacking” to dramatize the threats of the pandemic and the growing dominance of...
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FILE - In this Wednesday, Sept. 2, 2020 file photo provided by the Michigan Office of the Governor, Gov. Gretchen Whitmer addresses the state during a speech in Lansing, Mich. Whitmer said Monday, Oct. 5, 2020, that a statewide mask requirement remains in effect despite the Michigan Supreme Court's invalidation of a law that underpins her orders to control the coronavirus pandemic. (Michigan Office of the Governor via AP, File)
October 05, 2020 - 8:31 pm
LANSING, Mich. -- Michigan’s health department issued a mask requirement and other coronavirus restrictions Monday, just days after the state Supreme Court invalidated a 75-year-old emergency powers law that underpinned Gov. Gretchen Whitmer’s orders to control the pandemic. The Democratic governor...
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