Retail industry

June 15, 2019 - 1:54 pm
SAN FRANCISCO (AP) — Target suffered a technological glitch that stalled checkout lines at its stores worldwide Saturday, exasperating shoppers and eating into sales at a prime time for retailers. The outage periodically prevented Target's cashiers from scanning merchandise or processing...
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FILE- In this May 19, 2019, file photo, a line of unsold 2019 CX-5 sports-utility vehicles sits at a Mazda dealership in Littleton, Colo. On Friday, June 14, the Commerce Department releases U.S. retail sales data for May. (AP Photo/David Zalubowski, File)
June 14, 2019 - 5:58 am
WASHINGTON (AP) — Americans stepped up their retail spending last month, a sign that low unemployment and modest wage gains are encouraging consumers to shop. The Commerce Department said Friday that retail sales rose 0.5% in May, after a smaller gain of 0.3% in the previous month. April's figure...
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FILE- In this June 6, 2019, file photo specialist John Parisi, left, works with traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, June 13. (AP Photo/Richard Drew, File)
June 13, 2019 - 7:48 am
NEW YORK (AP) — U.S. stocks edged higher in early trading Thursday on Wall Street as a spike in oil prices boosted energy stocks following a suspected attack on two oil tankers in the strategic Strait of Hormuz. U.S. oil rose 3.2% and Brent crude, the international benchmark, gained 2.8%. The gains...
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June 10, 2019 - 8:01 am
NEW YORK (AP) — A group of shareholders of Saks Fifth Avenue's parent is making an offer to take the struggling department store chain private. The offer, announced Monday, is being led by Hudson's Bay Executive Chairman Richard Baker, Rhone Capital LLC, WeWork Property Advisors, Hanover Investment...
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FILE - In this May 30, 2019, file photo trader Craig Esposito, right, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 7. (AP Photo/Richard Drew, File)
June 07, 2019 - 9:46 am
NEW YORK (AP) — U.S. stocks moved broadly higher for a fourth consecutive day Friday as investors look to start June with a strong weekly gain after a downturn in May. Investors bought stocks and bonds after a report showing weaker than expected hiring in the U.S. in May appeared to increase the...
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FILE - This Aug. 31, 2017 file photo, shows a Barnes and Noble Booksellers store in Pittsburgh. The beleaguered bookseller is being sold to Elliott Management Corp. in a $476 million deal. Elliott will pay $6.50 per share. That’s an approximately 9% percent premium to the company’s Thursday closing price of $5.96. The transaction is valued at about $683 million, including debt. (AP Photo/Gene J. Puskar, File)
June 07, 2019 - 5:44 am
NEW YORK (AP) — The one-time bookselling giant Barnes & Noble is being acquired by a hedge fund for $476 million. The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online sellers. Independent bookstores have also persisted in...
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FILE- In this Dec. 4, 2017, file photo, the CVS Health logo appears above a trading post on the floor of the New York Stock Exchange. CVS Health is pushing deeper into customer health again with plans to add dietitians, medical equipment and space for the occasional yoga class to 1,500 stores. The drugstore chain that quit selling tobacco several years ago said Tuesday, June 4, 2019, it will expand a store model it started testing recently. Its HealthHub stores will have around twice as much space devoted to health care as other locations and will aim to help people with chronic conditions like diabetes stay healthy. (AP Photo/Richard Drew, File)
June 04, 2019 - 5:29 am
CVS Health is pushing deeper into health services with plans to add dietitians, medical equipment and space for the occasional yoga class to 1,500 stores over the next few years. The drugstore chain that quit selling tobacco several years ago said Tuesday it will expand a store model it recently...
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FILE - In this May 28, 2019, file photo specialist Peter Mazza, left, and trader Stephen Gilmartin work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, May 31. (AP Photo/Richard Drew, File)
May 31, 2019 - 8:55 am
NEW YORK (AP) — Stocks tumbled on Wall Street Friday after the U.S. announced plans to expand its trade war to Mexico. The slump all but guarantees the market will end May with its first monthly loss of 2019. The new front in the trade war is hitting automakers particularly hard. Many of them...
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May 31, 2019 - 12:00 am
ATHENS, Ga. (AP) — Some University of Georgia fans will be able to buy beer during football games — but only donors who have agreed to give tens of thousands of dollars will be allowed to drink. UGA Athletic Director Greg McGarity told the Atlanta Journal-Constitution on Wednesday that beer and...
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FILE - This Aug. 23, 2018, file photo shows a window display at a Gap clothing store in Winter Park, Fla. The Gap Inc. reports financial results Thursday, May 30, 2019. (AP Photo/John Raoux, File)
May 30, 2019 - 2:30 pm
SAN FRANCISCO (AP) — Gap Inc. reported fiscal first-quarter results on Thursday that fell well short of analysts' expectations, sending the company's stock tumbling more than 10% in after-market trading. The downbeat performance comes three months after the retailer said it was creating two...
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