Retail industry

FILE - In this Dec. 19, 2018, file photo packages await delivery inside of a UPS truck in Baltimore. United Parcel Service Inc. reported a 13% drop in first-quarter profit, to $965 million, as stay-at-home orders generated deliveries to people’s homes but not enough to offset the higher costs and a drop in business deliveries. UPS said Tuesday, April 28, 2020 that the coronavirus outbreak has created “significant headwinds.” (AP Photo/Patrick Semansky, FIle)
KNSS News
July 30, 2020 - 7:03 am
A boom in online shopping during the pandemic pushed revenue higher at United Parcel Service Inc., which reported a $1.77 billion profit for the second quarter. UPS said Thursday that shipping volume jumped 23% to more than 21 million packages a day. Crucially, shipments from businesses to U.S...
Read More
Currency trader watch computer monitors near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, July 30, 2020. Asian stocks advanced Thursday after the U.S. Federal Reserve left interest rates near zero to support a struggling economy. (AP Photo/Lee Jin-man)
July 29, 2020 - 10:49 pm
BEIJING (AP) — Asian stocks advanced Thursday after the U.S. Federal Reserve left interest rates near zero to support a struggling economy. Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul all gained. Lower interest rates and investor optimism about a possible coronavirus vaccine have helped...
Read More
Facebook CEO Mark Zuckerberg speaks via video conference during a House Judiciary subcommittee hearing on antitrust on Capitol Hill on Wednesday, July 29, 2020, in Washington. (Graeme Jennings/Pool via AP)
July 29, 2020 - 5:50 pm
WASHINGTON (AP) — The Latest on testimony before a congressional committee by the CEOs of Facebook, Apple, Amazon and Google (all times local): 6:30 p.m. Democratic chairman of a House antitrust panel says Facebook is making money off dangerous lies that could have deadly consequences. Rep. David...
Read More
FILE- This Dec. 13, 2018, file photo shows a sign for a Starbucks Coffee shop in Harvard Square in Cambridge, Mass. Starbucks says it’s seeing steady recovery as its stores reopen, but it expects the impact of the new coronavirus to last well into the fall. The coffee giant said Tuesday, July 28, 2020 that revenue in its fiscal third quarter plummeted 38% to $4.2 billion. (AP Photo/Charles Krupa, File)
July 28, 2020 - 6:20 pm
Starbucks' revenue shrank 38% in its most recent quarter but the coffee giant says it’s recovering faster than expected as its stores reopen from coronavirus lockdowns. The Seattle-based company said Tuesday that it expects coronavirus-related losses to ease through the rest of this year. “We...
Read More
FILE - A McDonald's sign is displayed outside the fast food restaurant in Wheeling, Ill., Thursday, April 9, 2020. McDonald's says it will be requiring customers to wear face coverings when entering its U.S. restaurants as the number of new virus cases continue to surge in many states. The move, announced Friday, July 24, 2020 will be in effect on Aug. 1. (AP Photo/Nam Y. Huh)
July 28, 2020 - 6:15 am
Business did improve for McDonald’s throughout the second quarter as restrictions lifted across the globe, but the fast food giant faces a bumpy recovery. Of the chain's 39,000 restaurants worldwide, 96% are now open, compared with 75% at the start of the second quarter. Comparable-store sales that...
Read More
FILE - This March 5, 2013 file photo shows an Ann Taylor store in Mount Lebanon, Pa. The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy on Thursday, July 23, 2020, the latest retailer to do so during the pandemic. Mahwah, New Jersey-based Ascena Retail Group Inc., which operates nearly 3,000 stores mostly at malls, has been dragged down by debt and weak sales for years. (AP Photo/Gene J. Puskar, File)
July 23, 2020 - 11:32 am
NEW YORK (AP) — The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy protection on Thursday, the latest retailer to do so during the pandemic. Mahwah, New Jersey-based Ascena Retail Group Inc., which operates nearly 3,000 stores mostly at malls, had been dragged down by debt...
Read More
FILE - This Aug. 17, 2017 file photo shows a pair of boots being constructed at the L.L. Bean manufacturing center in Lewiston, Maine. L.L. Bean is moving further away from its original model of direct-to-customer catalog sales and sales in their own stores, with an agreement in 2020 to sell products through Nordstroms, Staples and the Scheels sporting goods chain. (AP Photo/Robert F. Bukaty, File)
July 17, 2020 - 6:39 am
FREEPORT, Maine (AP) — L.L. Bean is expanding from its original model of direct-to-customer catalog sales and in-stores sales with an agreement to sell products in Nordstrom, Staples and sporting goods chain SCHEELS. The company's first wholesale agreements in the U.S. represent a push to get L.L...
Read More
FILE - In this June 22, 2020, file photo, wearing a face shield, server Brandon Fricke, left, takes orders from dine-in customers surrounded by protective dividers at Water Grill seafood restaurant in Los Angeles. Restaurants and stores have been forced to make changes to survive. (AP Photo/Jae C. Hong, File)
July 16, 2020 - 4:31 pm
BALTIMORE (AP) — Rising coronavirus infections across dozens of states are threatening the U.S. economic recovery, forcing businesses and consumers to freeze spending and keeping the unemployment rate stubbornly high. The government reported Thursday that retail sales rose a sharp 7.5% in June, but...
Read More
FILE - This April 17, 2018, file photo shows the Wayfair website on a computer in New York. Self-proclaimed internet sleuths are matching up names of Wayfair's products to those of missing children as part of a baseless conspiracy theory that claims the retail giant is using storage cabinets to traffic children. Wayfair responded: “There is, of course, no truth to these claims.” (AP Photo/Jenny Kane, File)
July 16, 2020 - 4:24 pm
CHICAGO (AP) — The baseless conspiracy theory took off after an anonymous user posed a bizarre question in an internet chatroom: What if retail giant Wayfair is using pricey storage cabinets to traffic children? Self-proclaimed internet sleuths quickly responded by matching up the names of Wayfair...
Read More
FILE - In this April 6, 2020 file photo, a customer wearing a mask carries his purchases as he leaves a Target store during the coronavirus pandemic in the Brooklyn borough of New York. Target has joined a growing list of major retailers that will require customers at all their stores to wear face coverings. The Minneapolis, Minnesota-based discounter said Thursday, July 16, that the policy will go into effect Aug. 1.(AP Photo/Mark Lennihan, File)
July 16, 2020 - 12:55 pm
NEW YORK (AP) — Two major retailers on Thursday joined the growing list of national chains that will require customers to wear face masks regardless of where cities or states stand on the issue. Target's mandatory face mask policy will go into effect Aug. 1, and all CVS stores will begin requiring...
Read More

Pages