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Retail industry

August 17, 2018 - 5:14 pm

Colorado to allow stadium-wide alcohol sales again

BOULDER, Colo. (AP) — Colorado will allow alcohol sales in the general concourse areas at Folsom Field for the first time in more than two decades. The university said Friday that after a four-year trial of limited beer and wine sales through "beer gardens," the sales will be extended to the...
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FILE- In this May 16, 2018, file photo, a man enters the JC Penney store at the Manhattan mall in New York. J.C. Penney Co. reports earnings Thursday, Aug. 16. (AP Photo/Mary Altaffer, File)
August 16, 2018 - 9:17 am

JC Penney posts bigger-than-expected loss, cuts outlook

NEW YORK (AP) — J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street's view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent. The dismal report, released Thursday,...
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This undated image provided by The Kroger Co. shows an autonomous vehicle called the R1. Kroger will begin testing grocery deliveries using driverless cars outside of Phoenix. The grocery chain said the project will begin Thursday, Aug. 16, 2018, in Scottsdale, at a Fry's supermarket, which is owned by Kroger. The Toyota Prius will be used for the deliveries, manned by a human to monitor its performance. During phase two in the fall deliveries will be made by the R1 with no human aboard. (The Kroger Co. via AP)
August 16, 2018 - 9:12 am

Kroger begins testing driverless grocery deliveries

SCOTTSDALE, Ariz. (AP) — Kroger will begin testing grocery deliveries using driverless cars outside of Phoenix. The biggest U.S. grocery chain said the project will begin Thursday in Scottsdale at a Fry's supermarket, which is owned by Kroger. Same-day or next-day delivery orders can be made online...
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FILE- In this Nov. 9, 2017, file photo, a man pushes a cart while shopping at a Walmart store in North Bergen, N.J. Walmart Inc. reports earnings on Thursday, Aug. 16, 2018. (AP Photo/Julio Cortez, File)
August 16, 2018 - 7:18 am

Walmart sees sales rise at stores and online, raises outlook

NEW YORK (AP) — Walmart raised its financial outlook for the year after beating Wall Street's expectations for its fiscal second quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares surged 10 percent before the opening bell Thursday. The report is...
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August 15, 2018 - 7:36 am

US retail sales rose at robust 0.5 pct. annual rate in July

WASHINGTON (AP) — Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that confident consumers are helping drive robust economic growth. The Commerce Department says retail sales rose at a 0.5 percent annual rate in July, after a 0.2 percent increase the...
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August 14, 2018 - 4:40 pm

Kroger to sell its goods to Chinese shoppers through Tmall

NEW YORK (AP) — Kroger will start to sell some of its products to Chinese shoppers through a website owned by internet giant Alibaba, the latest move by the supermarket chain to boost its digital business. Cincinnati-based Kroger is working to catch up with Walmart and with Amazon.com, which bought...
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Specialist Fabian Caceres, left, and trader Michael Capolino confer on the floor of the New York Stock Exchange, Tuesday, Aug. 14, 2018. Stocks are broadly higher and recovering some of their recent losses as concerns about Turkey's financial stability eased. (AP Photo/Richard Drew)
August 14, 2018 - 12:53 pm

Smaller companies lead US stocks higher as Turkey fears ease

NEW YORK (AP) — U.S. stocks are rallying Tuesday as worries about Turkey's currency crisis eased. Retailers and smaller companies are making some of the biggest gains. Global markets have taken two days of losses as investors worried that Turkey's troubles might spread. KEEPING SCORE: The S&P...
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An investor walks in front of trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, Aug. 14, 2018. Most Asian stock markets rose Tuesday after Wall Street declined as Turkey’s central bank struggled to contain a currency crisis that is feeding fears about other emerging markets. (AP Photo/Yam G-Jun)
August 14, 2018 - 7:16 am

Global markets stabilize as Turkey jitters ease

BEIJING (AP) — Most global stock markets steadied Tuesday as worries subsided over Turkey's currency crisis and its potential impact on other countries. KEEPING SCORE: Germany's DAX rose 0.2 percent to 12,376 and France's CAC 40 was up less than 0.1 percent to 5,414 after economic growth figures...
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FILE - In this Aug. 1, 2017, file photo, store greeter Danny Olivar, right, lends a hand to a customer to heft an air conditioning unit from a rapidly declining stock at a Home Depot store ahead of an expected heat wave in Seattle. The Home Depot Inc. reports earnings Tuesday, Aug. 14, 2018. (AP Photo/Elaine Thompson, File)
August 14, 2018 - 6:02 am

Home Depot roars back in the second quarter

ATLANTA (AP) — Home Depot handily beat expectations during the second quarter, bouncing back from a slow start to the year when terrible weather cooled construction projects. The world's biggest home improvement retailer boosted its full-year profit and revenue forecasts Tuesday. Higher mortgage...
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Trader Michael Capolino works on the floor of the New York Stock Exchange, Friday, Aug. 10, 2018. Stocks are opening moderately lower on Wall Street following steeper losses in Europe, where investors worried about a sharp drop in Turkey's currency. (AP Photo/Richard Drew)
August 10, 2018 - 3:52 pm

Turkish turmoil knocks US and European stocks lower

NEW YORK (AP) — Stocks in the U.S. and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system. Turkish President Recep Tayyip Erdogan has accumulated more and more control over the country's central bank as well as its...
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