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Retail industry

March 04, 2019 - 2:48 pm

FDA chief calls out Walgreens over tobacco sales to minors

A top U.S. regulator wants to meet with Walgreens leaders to discuss whether the drugstore chain has a problem with illegal tobacco sales to minors. Scott Gottlieb of the Food and Drug Administration said Monday Walgreens is a top violator among drugstores that sell tobacco products including...
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March 04, 2019 - 4:02 am

CEO of fashion house Ted Baker quits over workplace claims

LONDON (AP) — The CEO of fashion retailer Ted Baker has resigned after allegations that he enforced a "hugging" culture at the company. Ray Kelvin had been forced to take a leave of absence last year following the allegations of harassment. Kelvin denies the allegation. Executive Chairman David...
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This combination of images shows Walmart greeters, clockwise from top left, John Combs in Vancouver, Wash., Ashley Powell in Galena, Ill., Mitchell Hartzell in Hazel Green, Ala., and Adam Catlin in Selinsgrove, Pa. Combs, Powell, Hartzell and Catlin are among disabled Walmart greeters threatened with job loss as Walmart transforms the greeter position into one that’s more physically demanding. After more than a week of backlash, Greg Foran, president and CEO of Walmart's U.S. stores, said in a memo to store managers Thursday, Feb. 28, 2019, that "we are taking some specific steps to support" greeters with disabilities. (Rachel Wasser/Tamara Ambrose/Gina Hopkins/Holly Catlin via AP)
March 01, 2019 - 4:57 pm

After 'botch,' Walmart moves to keep disabled greeters

Walmart endured more than a week's worth of bad publicity before announcing publicly that it was making "every effort" to find a role for disabled workers who had been threatened with job loss as the retailer gets rid of greeters at 1,000 stores. Amid a fierce backlash, Greg Foran, president and...
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FILE- In this Feb. 15, 2019, file photo trader Tommy Kalikas works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, March 1. (AP Photo/Richard Drew, File)
March 01, 2019 - 3:58 pm

S&P 500 snaps 3-day losing streak as US stocks close higher

Health care and technology companies helped lift U.S. stocks higher Friday, breaking a three-day losing streak for the S&P 500 and giving the benchmark index its fifth consecutive weekly gain. Renewed optimism for a potential resolution to the U.S.-China trade conflict helped put investors in a...
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FILE - This Aug. 23, 2018, file photo shows a Gap clothing store in Winter Park, Fla. Gap said late Thursday, Feb. 28, that it's creating two independent publicly traded companies — low-priced Old Navy and a yet-to-be named company, which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City. (AP Photo/John Raoux, File)
February 28, 2019 - 6:12 pm

Gap to split into 2, with Old Navy gaining independence

NEW YORK (AP) — Gap Inc. is splitting into two. The retailer said Thursday that it's creating two independent publicly traded companies — low-priced juggernaut Old Navy and a yet-to-be named company, which will consist of the iconic Gap brand, Athleta, Banana Republic as well as the lesser known...
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FILE- In this Feb. 5, 2019, file photo trader Michael Urkonis works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 28. (AP Photo/Richard Drew, File)
February 28, 2019 - 11:44 am

US stocks waver following weak economic growth report

NEW YORK (AP) — Stocks are falling on Wall Street Thursday after the government reported that economic growth slowed down at the end of last year. The market is still heading for its best start of the year since 1991, in stark contrast to a dismal end to 2018, when a plunge almost put an end to the...
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FILE - In this May 16, 2018, file photo, the J.C. Penney logo is seen hanging outside the Manhattan mall in New York. J.C. Penney Co. reports financial results Thursday, Feb. 28, 2019. (AP Photo/Mary Altaffer, File)
February 28, 2019 - 10:55 am

JC Penney closes more stores after a weak holiday season

NEW YORK (AP) — J.C. Penney is closing more stores following weak holiday sales season for the retailer. Net income tumbled nearly 70 percent, and a key measure for health dropped 4 percent in the fourth-quarter, the most crucial period of the year for retailers who bank on strong holiday sales...
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FILE- In this Feb. 15, 2019, file photo traders Patrick Casey, left, and Sal Suarino work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 27. (AP Photo/Richard Drew, File)
February 27, 2019 - 4:10 pm

Worries that China trade talks are stalling weigh on stocks

Major U.S. stock indexes closed mostly lower Wednesday after wavering for much of the day between small gains and losses. The downbeat finish extended the market's mild losses from a day earlier. Even so, the benchmark S&P 500 index is on track to end the month with a gain of more than 3...
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In this April 21, 2018 photo provided by Rachel Wasser, Walmart greeter John Combs works at a Walmart store in Vancouver, Wash. Combs, who has cerebral palsy, and other greeters with disabilities are threatened with job loss as Walmart transforms the greeter position into one that’s more physically demanding. Combs was devastated and then angered by his impending job loss. (Rachel Wasser via AP)
February 27, 2019 - 3:33 pm

Walmart is getting rid of greeters, worrying the disabled

As Walmart moves to phase out its familiar blue-vested "greeters" at some 1,000 stores nationwide, disabled workers who fill many of those jobs say they're being ill-treated by a chain that styles itself as community-minded and inclusive. Walmart told greeters around the country last week that...
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FILE- In this Feb. 23, 2018, file photo sales associate Larry Wardford, of Holliston, Mass., places items on selves at a Lowe's retail home improvement and appliance store, in Framingham, Mass. Lowe's Companies, Inc. reports financial results Wednesday, Feb. 27, 2019. (AP Photo/Steven Senne)
February 27, 2019 - 5:33 am

Lowe's swings to 4Q loss on charges, anemic housing market

MOORESVILLE, N.C. (AP) — Lowe's swung to a loss in its fourth quarter, weighed down sizeable one-time charges and a lethargic housing market. The home improvement company lost $824 million, or $1.03 per share. That includes $1.6 billion in charges, most from a $952 million goodwill impairment...
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