Retail industry

May 20, 2019 - 6:09 pm
NEW YORK (AP) — Dressbarn, the women's clothing chain that's been around for nearly 60 years, is closing all 650 of its stores. The company's chief financial officer, Steven Taylor, said Dressbarn has not been operating at an "acceptable level of profitability in today's retail environment." Its...
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FILE - In this April 24, 2019, file photo a Walmart associate works at a Walmart Neighborhood Market in Levittown, N.Y. Walmart Inc. reports earnings on Thursday, May 16. (AP Photo/Mark Lennihan, File)
May 16, 2019 - 7:09 am
NEW YORK (AP) — Walmart delivered a mixed bag in the first quarter, beating Wall Street expectations on profit, but revenue fell short. The nation's largest retailer posted another quarter of same-stores sales growth Thursday, while e-commerce sales soared. There are challenges ahead, however, as...
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FILE- In this Feb. 17, 2019, file photo rows of unsold 2019 Escape sports-utility vehicles sit in long rows at a Ford dealership in Broomfield, Colo. On Wednesday, May 15, the Commerce Department releases U.S. retail sales data for April. (AP Photo/David Zalubowski, File)
May 15, 2019 - 8:07 am
WASHINGTON (AP) — U.S. retail sales declined last month, as Americans cut back their spending on clothes, appliances, and home and garden supplies. Sales dropped 0.2% in April, the Commerce Department said Wednesday, after a big 1.7% jump in March. Car sales dropped 1.1% last month and sales at...
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FILE- This May 2, 2017, file photo shows corporate signage at Macy's flagship store in New York. Macy's Inc. reports financial results Wednesday, May 15, 2019. (AP Photo/Bebeto Matthews, File)
May 15, 2019 - 7:19 am
CINCINNATI (AP) — Macy's is putting up its sixth consecutive quarter of rising comparable store sales thanks in part to another doubling of online sales. The Cincinnati department store on Wednesday reported a first quarter profit of $136 million, or 44 cents per share. That far exceeds Wall Street...
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FILE - This June 1, 2017, file photo, shows a Walmart sign at a store in Hialeah Gardens, Fla. Walmart is rolling out next-day delivery on its most popular items, raising the stakes in the retail shipping wars. The nation’s largest retailer says Tuesday, May 13, 2019, it's been building its own network of more efficient e-commerce distribution centers to enable the faster delivery. (AP Photo/Alan Diaz, File)
May 14, 2019 - 8:55 am
NEW YORK (AP) — Walmart is rolling out free next-day delivery on its most popular items, increasing the stakes in the retail shipping wars with Amazon. The nation's largest retailer said Tuesday it's been building a network of more efficient e-commerce distribution centers to make that happen. The...
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FILE - This July 18, 2018, file photo, shows a display of back to school backpacks in Pittsburgh. The latest round of China tariff hikes, which went into effect Friday, May 10, 2019. will hit a range of consumer goods, including, backpacks, furniture and seafood. (AP Photo/Gene J. Puskar, File)
May 10, 2019 - 2:43 pm
WASHINGTON (AP) — With the Trump administration more than doubling tariffs on billions of dollars of Chinese imports, will Americans soon see higher prices on store shelves? Yes, but it may take a few weeks. U.S. import taxes on $200 billion of Chinese goods jumped to 25% on Friday, from 10%, as...
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A shopper walks past a Hamleys store in New Delhi, India, Friday, May 10, 2019. India's Reliance Retail, a subsidiary of Reliance Industries Limited, announced Thursday that it has signed agreements to acquire the 259-year-old British toy store chain Hamleys. (AP Photo/Manish Swarup)
May 10, 2019 - 10:24 am
LONDON (AP) — An Indian company says it has agreed to take over the famous toy retailer Hamleys. Reliance Brands in Mumbai said in a statement Thursday that it would buy Hamleys Global Holdings, the owner of the Hamleys brand, from C Banner International of Hong Kong for an undisclosed sum. The...
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FILE - In this Oct. 5, 2007, file photo, an American flag flies in front of the Walmart Stores Inc. headquarters in Bentonville, Ark. Walmart said Wednesday, May 8, 2019, that it will raise the minimum age for tobacco products and e-cigarettes to 21 in an effort to combat tobacco sales to minors. The world’s largest retailer says the new rule will take effect in July, and will also include its Sam’s Club warehouse stores. (AP Photo/April L. Brown, File)
May 08, 2019 - 12:38 pm
NEW YORK (AP) — Walmart said Wednesday that it will raise the minimum age to buy tobacco products and e-cigarettes at its U.S. stores to 21 amid growing pressure from regulators to cut tobacco sales and use among minors. The world's largest retailer also said it will also stop selling fruit and...
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FILE - In this May 8, 2018, file photo, New York Liberty's Tina Charles attends a preseason WNBA basketball game in Uncasville, Conn. Charles has produced a documentary about her father Rawlston and his record store and label _ known as Charlie’s Calypso City and Charlie’s Records _ and it debuted over the weekend at the Tribeca Film Festival. (AP Photo/Jessica Hill, File)
May 06, 2019 - 1:17 am
NEW YORK (AP) — Tina Charles can add filmmaker to her already impressive resume. The WNBA star produced a documentary about her father Rawlston and his Brooklyn-based record store and music label — known as Charlie's Calypso City and Charlie's Records, respectively — and it debuted over the weekend...
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May 05, 2019 - 7:01 am
VITERBO, Italy (AP) — Italian police have arrested a 22-year-old U.S. man and accused him of killing a 74-year-old Italian owner of a clothing store in Viterbo, a city near Rome. Police arrested Michael Aaron Pang on Saturday and allege that he killed the storekeeper by striking him with a stool...
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