Retail industry

January 16, 2020 - 4:25 pm
NEW YORK (AP) — Gap Inc. says it no longer intends to spin off Old Navy as a separate public company. The retailer said Thursday that its board scuttled the move after determining it would be too costly and complex, especially given the company's recent struggles. Its stock was up about 7% in after...
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In this Jan. 9, 2020, photo pick-up trucks are lined up for sale on the sales lot at Betley Chevrolet dealership in Derry, N.H. On Thursday, Jan. 16, the Commerce Department releases U.S. retail sales data for December. (AP Photo/Charles Krupa)
January 16, 2020 - 7:45 am
WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, evidence that Americans were willing to spend during the winter holidays after a sluggish November. The Commerce Department said Thursday that retail sales increased 0.3% in December from the previous month. Excluding sales at car...
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FILE- In this Nov. 23, 2018, file photo shoppers browse the aisles during a Black Friday sale at a Target store in Newport, Ky. Comparable stores sales at Target fell well below the previous year, joining a growing list of retailers reporting a meager performances during the critical holiday shopping season. Target said Wednesday, Jan. 15, 2020, that it had weaker-than-expected sales of electronics, toys and some home good. Those sales climbed 1.4% in the November-December period, compared with a 5.7% increase a year earlier. (AP Photo/John Minchillo, File)
January 15, 2020 - 8:51 am
Target's comparable store sales fell well below the previous year and it joined a growing list of retailers reporting meager performances during the critical holiday shopping season. The company cut its expectations for same-store sales growth for the entire quarter Wednesday. Shares fell almost 7...
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FILE - In this May 29, 2019, file photo, Oklahoma Attorney General Mike Hunter watches a video deposition in Norman, Okla., during the state's trial against drugmakers blamed for contributing to the opioid crisis. On Monday, Jan. 13, 2020, Hunter brought a lawsuit against three distributors of opioids after winning a lawsuit against one drug manufacturer and reaching pretrial settlements in other cases. (AP Photo/Sue Ogrocki, File)
January 13, 2020 - 6:01 pm
OKLAHOMA CITY (AP) — Oklahoma Attorney General Mike Hunter on Monday brought a lawsuit against three distributors of opioids after winning a lawsuit against one drug manufacturer and reaching pretrial settlements in other cases. Hunter filed the lawsuit in Cleveland County District Court against...
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January 12, 2020 - 2:06 pm
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has jumped 4 cents per gallon to $2.64 over the past three weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that gas prices are unlikely to continue to increase because crude oil costs have dropped...
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FILE - In this June 25, 2019, file photo signage hangs outside a Walgreens pharmacy in downtown Cincinnati. Walgreens reports financial results on Wednesday, Jan. 8, 2020. (AP Photo/John Minchillo, File)
January 08, 2020 - 9:21 am
Walgreens is kicking off its year much as it ended its last, with a big earnings plunge. The drugstore chain said Wednesday that first-quarter net income dropped nearly 25% in a performance that fell short of Wall Street expectations. Revenue also inched up less than 2% for the drugstore chain,...
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FILE - In this May 30, 2019, file photo, a CVS store with the new HealthHUB is shown in Spring, Texas.Pharmacy chains, including CVS, are fighting claims that they're to blame for the opioid crisis in two Ohio counties. The Monday, Jan. 6, 2020, filings asked U.S. district Court Judge Dan Polster to find in the pharmacies' favor and reject claims brought by Summit and Cuyahoga counties, home to Akron and Cleveland respectively, that argue that chains such as CVS, Rite Aid and Walgreens contributed to the problem by filling an “excessive volume" of opioid prescriptions. (AP Photo/David J. Phillip, File)
January 07, 2020 - 11:21 am
COLUMBUS, Ohio (AP) — Doctors and other healthcare practitioners who write prescriptions bear ultimate responsibility for improper distribution of opioids to patients, not pharmacists who are obliged to fill those prescriptions, a series of pharmacy chains argued in federal court. The filings,...
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In this Dec. 17, 2019, photo an Amazon robot sends a package down a chute, transporting packages from workers to chutes that are organized by zip code, at an Amazon warehouse facility in Goodyear, Ariz. The tech giant is still rolling out new models descended from the Kiva line, including the Pegasus, a squarish vehicle with a conveyor belt on top that can be found working the early-morning shift at a warehouse in the Phoenix suburb of Goodyear. (AP Photo/Ross D. Franklin)
December 30, 2019 - 11:22 am
NORTH HAVEN, Conn. (AP) — Guess who's getting used to working with robots in their everyday lives? The very same warehouse workers once predicted to be losing their jobs to mechanical replacements. But doing your job side-by-side with robots isn't easy. According to their makers, the machines...
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In this Thursday, Dec. 26, 2019 photo, registered medical marijuana patients talk with staff members at the Rise cannabis store in Mundelein, Ill. Starting Jan. 1, 2020, Illinois will join Michigan as the only Midwestern states broadly allowing the sale and use of marijuana. (AP Photo/Nam Y. Huh)
December 29, 2019 - 11:43 am
CHICAGO (AP) — Retailers legally selling marijuana for the past month in Michigan say they have drawn customers from surrounding Midwestern states where the drug remains illegal and, as Illinois prepares to joins the recreational market on Wednesday, officials are renewing warnings to consumers...
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December 27, 2019 - 9:37 am
PHILADELPHIA (AP) — The Wawa convenience store chain is facing a wave of lawsuits over a data breach that affected its 850 locations along the East Coast. Wawa Inc. discovered malware on its payment processing servers this month before stopping the breach Dec. 12, the company has said. Officials...
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