Retail industry

FILE - In this Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, April 15, 2020. (AP Photo/Steven Senne, File)
KNSS News
April 15, 2020 - 11:11 am
NEW YORK (AP) — The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic. JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Goldman Sachs raised the funds set aside for bad loans by...
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In this Thursday, March 19, 2020, photo, a pedestrian walks past a storefront for rent on Madison Avenue, in New York. Long before there was a global pandemic, brick-and-mortar retailers struggled to resonate as shoppers increasingly made their purchases online. Now, they're faced with an even more daunting task of staying on people's minds and pocketbooks in the midst of the new coronavirus. (AP Photo/Mary Altaffer)
KNSS News
April 15, 2020 - 8:48 am
WASHINGTON (AP) — U.S. retail sales plummeted 8.7% in March, an unprecedented decline, as the viral outbreak forced an almost complete lockdown of commerce nationwide. The deterioration of sales far outpaced the previous record decline of 3.9% that took place during the depths of the Great...
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An Indian women looks out from a closed temple gate during lockdown to prevent the spread of new coronavirus in Hyderabad, India, Tuesday, April 14, 2020. Indian Prime Minister Narendra Modi on Tuesday extended the world's largest coronavirus lockdown to head off the epidemic's peak, with officials racing to make up for lost time. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Mahesh Kumar A.)
April 14, 2020 - 3:47 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus. ________________________ GLOBAL MALAISE: Economists are trying to put into context the...
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April 13, 2020 - 12:58 pm
DENVER (AP) — Colorado has made online sales of recreational marijuana legal during the coronavirus pandemic, fulfilling one of the pot industry's biggest wishes and fueling its argument for more concessions that could be made permanent when the crisis eases. It's one of several signs emerging from...
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Monica Mileur packs grocery items into a box at Union Loafers restaurant Friday, April 10, 2020, in St. Louis. Some restaurants have turned to selling groceries and other provisions to customers as a way to help make up for revenue lost during the coronavirus outbreak. (AP Photo/Jeff Roberson)
April 12, 2020 - 11:05 am
O'FALLON, Mo. (AP) — Charlene Gulliford at the Gandy Dancer never figured there would come a day when the Michigan restaurant known for its steaks and seafood would sell toilet paper and cartons of eggs, but the coronavirus has restaurants in survival mode. The popular restaurant in Ann Arbor now...
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In this April 9, 2020, photo, amid concerns of the spread of COVID-19, Dallas ISD police officers Mylon Taylor, left, and Gary Pierre push a car that ran out of gas while waiting in line for the weekly school meal pick up for students in Dallas. The coronavirus pandemic that has crippled big-box retailers and mom and pop shops worldwide may be making a dent in illicit business, too. (AP Photo/LM Otero)
April 11, 2020 - 9:37 am
CHICAGO (AP) — The coronavirus pandemic that has crippled big-box retailers and mom and pop shops worldwide may be making a dent in illicit business, too. In Chicago, one of America’s most violent cities, drug arrests have plummeted 42% in the weeks since the city shut down, compared with the same...
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In this Tuesday, April 7, 2020 photo, a delivery truck leaves after dropping off alcohol to a home in Dubai, United Arab Emirates. Dubai’s two major alcohol distributors have partnered to offer home delivery of beer, spirits and wine as the new coronavirus now threatens a crucial source of tax and general revenue for the rulers of this Islamic city-state. The decision marks yet another loosening of social mores in the skyscraper-studded desert metropolis. (AP Photo/Jon Gambrell)
April 09, 2020 - 1:05 am
DUBAI, United Arab Emirates (AP) — The Champagne corks no longer pop at Dubai's infamous alcohol-soaked brunches. The blaring flat-screen televisions stand silent in the sheikhdom's sports bars. And the city-state's pubs have shrink-wrapped their now-idle beer taps. This skyscraper-studded desert...
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Big Ben's clock tower and the London Eye ferris wheel stand in the distance as the area around Royal Festival Hall is very quiet in London, Wednesday, April 8, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Matt Dunham)
April 08, 2020 - 6:47 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus. ___________________ PAYCHECKS STOP: Companies are in survival mode, which means tens of...
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In this Sunday, March 29, 2020, photo, a sign posted at an entrance to a 365 Whole Foods store advises customers not to use their own bags while shopping in Lake Oswego, Ore. Just weeks earlier, cities and even states across the U.S. were busy banning straws, limiting takeout containers and mandating that shoppers bring reusable bags or pay a small fee. Grocery clerks are nervous that the virus could linger on reusable fabric bags and their unions are backing them up with demands to end plastic bag fees and suspend bag bans. The plastics industry has seized the moment, lobbying to overturn existing bans on single-use plastics. (AP Photo/Gillian Flaccus)
April 08, 2020 - 12:02 am
PORTLAND, Ore. (AP) — Just weeks ago, cities and even states across the U.S. were busy banning straws, limiting takeout containers and mandating that shoppers bring reusable bags or pay a small fee as the movement to eliminate single-use plastics took hold in mainstream America. What a difference a...
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FILE - In this Thursday, March 19, 2020 file photo, people stand in an aisle of empty shelves in a supermarket in London, amid panic-buying due to the coronavirus outbreak. A pandemic forcing everyone to stay home could be the perfect moment for online grocery services. In practice, they've been struggling to keep up with a surge in orders, highlighting their limited ability to respond to an unprecedented onslaught of demand. After panic buying left store shelves stripped of staples like pasta, canned goods and toilet paper, many shoppers quickly found online grocery delivery slots almost impossible to come by, too. (AP Photo/Kirsty Wigglesworth, File)
April 07, 2020 - 7:51 am
LONDON (AP) — A pandemic forcing everyone to stay home could be the perfect moment for online grocery services. In practice, they've been struggling to keep up with a surge in orders, highlighting their limited ability to respond to an unprecedented onslaught of demand. After panic buying left...
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