Retail and wholesale

FILE - In this Jan. 22, 2020, file photo a store front is closed below an Express retail clothing store in Valley West Mall in West Des Moines, Iowa. On Tuesday, Jan. 28, the Conference Board reports on U.S. consumer confidence for January. (AP Photo/Andrew Harnik, File)
February 03, 2020 - 8:33 am
A consortium of buyers, including mall owners Simon Property Group and Brookfield Property Partners, is bidding $81 million for Forever 21, the ubiquitous mall staple that filed for bankruptcy protection in September. Simon and Brookfield are Forever 21's biggest landlords. The other bidder is...
Read More
The Costa Smeralda cruise ship is docked in the Civitavecchia port near Rome, Thursday, Jan. 30, 2020. Italian health authorities are screening passengers aboard after a passenger from Macao came down with flu-like symptoms amid the global scare about a new virus. Passengers are being kept on board pending check to determine the type of virus. (AP Photo/Andrew Medichini)
January 30, 2020 - 2:50 pm
LISBON, Portugal (AP) — European countries stepped up efforts Thursday to contain the virus sweeping through central China, sending a chartered airliner there to evacuate hundreds of European citizens, scrapping more commercial flights to Chinese destinations and keeping some 7,000 people on a...
Read More
January 30, 2020 - 3:35 am
COPENHAGEN, Denmark (AP) — Swedish low-cost fashion brand Hennes & Mauritz AB says its net sales have increased by 11% to 232.7 billion kronor ($24.2 billion) last year “in an ever-changing fashion industry.” The Stockholm-based group says its full year gross profit increased by 9% to 33.3...
Read More
January 29, 2020 - 3:38 pm
NEW ORLEANS (AP) — Walmart isn't responsible for paying sales taxes for items sold through its online “marketplace” for third-party sellers under Louisiana law, the state's Supreme Court ruled Wednesday. Wednesday's 4-3 decision comes in a case involving the New Orleans suburb of Jefferson Parish...
Read More
FILE - In this Jan. 22, 2020, file photo signs for a McDonald's restaurant hang on a building in the Chinatown section of New York. McDonald's reports financial results on Wednesday, Jan. 29. (AP Photo/Mark Lennihan, File)
January 29, 2020 - 10:06 am
McDonald's wrapped up a tumultuous year on a high note after the company's CEO was ousted in November. The burger giant said Wednesday it surpassed $100 billion in annual sales for the first time, and notched its highest same-store sales in more than a decade, with growth in all of its global...
Read More
January 27, 2020 - 8:46 am
BERLIN (AP) — A German privacy watchdog says it has opened an investigation into clothing retailer H&M amid evidence that the Swedish retailer had committed “massive data protection breaches” by spying on its customer service representatives in Germany. Hamburg's data protection commissioner...
Read More
FILE - In this July 31, 2014 file photo, the U.S. and U.S. Department of Homeland Security flags fly in Karnes City, Texas. The Trump administration pledged Friday to step up efforts against the vast amounts of counterfeit clothing, medicine and other goods that have flooded into the U.S. with the rise in e-commerce. The move was announced Friday by Chad Wolf, acting secretary of the Department of Homeland Security. (AP Photo/Eric Gay)
January 24, 2020 - 8:46 pm
WASHINGTON (AP) — E-commerce has unleashed an increasing torrent of fake merchandise upon the world and private companies and the U.S. government must do more to address the problem, Trump administration officials said Friday as they released a plan aimed at cracking down on counterfeit goods. An “...
Read More
January 16, 2020 - 4:25 pm
NEW YORK (AP) — Gap Inc. says it no longer intends to spin off Old Navy as a separate public company. The retailer said Thursday that its board scuttled the move after determining it would be too costly and complex, especially given the company's recent struggles. Its stock was up about 7% in after...
Read More
In this Jan. 9, 2020, photo pick-up trucks are lined up for sale on the sales lot at Betley Chevrolet dealership in Derry, N.H. On Thursday, Jan. 16, the Commerce Department releases U.S. retail sales data for December. (AP Photo/Charles Krupa)
January 16, 2020 - 7:45 am
WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, evidence that Americans were willing to spend during the winter holidays after a sluggish November. The Commerce Department said Thursday that retail sales increased 0.3% in December from the previous month. Excluding sales at car...
Read More
FILE- In this Nov. 23, 2018, file photo shoppers browse the aisles during a Black Friday sale at a Target store in Newport, Ky. Comparable stores sales at Target fell well below the previous year, joining a growing list of retailers reporting a meager performances during the critical holiday shopping season. Target said Wednesday, Jan. 15, 2020, that it had weaker-than-expected sales of electronics, toys and some home good. Those sales climbed 1.4% in the November-December period, compared with a 5.7% increase a year earlier. (AP Photo/John Minchillo, File)
Associated Press
January 15, 2020 - 8:51 am
Target's comparable store sales fell well below the previous year and it joined a growing list of retailers reporting meager performances during the critical holiday shopping season. The company cut its expectations for same-store sales growth for the entire quarter Wednesday. Shares fell almost 7...
Read More

Pages