Retail industry

FILE- This Aug. 23, 2006, file photo shows a Payless store front is seen in Philadelphia. Paylesss ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have been shuttered in the last year. The Topeka, Kansas-based chain said Friday, Feb. 15, 2019 it will hold liquidation sales starting Sunday and wind down its e-commerce operations. (AP Photo/Matt Rourke, File)
February 15, 2019 - 5:42 pm
NEW YORK (AP) — Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday...
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FILE- In this Feb. 5, 2019, file photo trader Andrew Silverman works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 15. (AP Photo/Richard Drew, File)
February 15, 2019 - 3:14 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks surged on Wall Street Friday after Chinese and U.S. officials agreed to continue trade talks in Washington next week. Investors are again weighing quarterly results from major U.S. companies. Newell...
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FILE- In this Aug. 9, 2018, file photo, Customers stand outside Ikea's first store in India as it opened in Hyderabad, India. India is a test case for whether Ikea should keep shifting resources toward emerging economies, including Latin America and China, given the saturation of markets in Europe and the United States, and the possibility of another global recession. Six months after Ikea opened its first store in Hyderabad, the 400,000-square-foot cornucopia of furniture, linens, kitchenware and other goodies is drawing between 10,000 and 30,000 visitors per day. (AP Photo/Mahesh Kumar A, File)
February 14, 2019 - 11:23 pm
HYDERABAD, India (AP) — In Hyderabad's bustling Nampally furniture market, customers explore a crowded, dusty labyrinth of shops, haggle over prices and work with carpenters to design made-to-order housewares. This is the competition Swedish giant Ikea faces in tackling the $40 billion Indian...
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FILE- In this Dec. 24, 2018, photo a last-minute shopper scans his mobile device next to a sign marking discounts on coats at Columbia store as shoppers finish up their Christmas gift lists at the Outlet Malls in Castle Rock in Castle Rock, Colo. The On Thursday, Feb. 14, 2019, the Commerce Department releases U.S. retail sales data for December. (AP Photo/David Zalubowski, File)
February 14, 2019 - 4:59 pm
WASHINGTON (AP) — U.S. retail sales fell in December, posting the biggest drop since September 2009 and delivering more evidence that last year's holiday sales fizzled unexpectedly. Even e-commerce suffered a big setback. The Commerce Department said Thursday that December retail sales fell 1.2...
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February 14, 2019 - 11:14 am
NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, says that holiday sales increased a lower-than-expected 2.9 percent as worries about the trade war with China, the government shutdown and stock market turmoil dampened shopper spending in December. The figures...
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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. 14. (AP Photo/Richard Drew, File)
February 14, 2019 - 11:14 am
NEW YORK (AP) — New figures showing that last month's holiday sales were far worse than previously expected helped drive stocks lower on Wall Street Thursday, threatening to end a four-day winning streak for the S&P 500 index. The surprise drop in December sales, the worst in the decade, sank a...
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February 14, 2019 - 6:48 am
BERLIN (AP) — Austria's antitrust agency says it has initiated an investigation into online retailer Amazon over complaints of unfair trade practices on its "marketplace" platform. The Federal Competition Authority, or BWB, said Thursday it had received several complaints from Austrian retailers...
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FILE - In this May 4, 2017, file photo, Recreational Equipment, Inc. Jerry Stritzke, center, speaks to those who attended the Preview Party of the new REI Co-Op in Dillion, Colo. Officials say Stritzke, the president and CEO of outdoor retailer REI, has resigned for failing to disclose a relationship he had with the head of another organization in the outdoor industry. (Chris Dillmann/The Daily via AP, File)
February 12, 2019 - 6:23 pm
SEATTLE (AP) — Outdoor retailer REI says its president and CEO has resigned for failing to disclose a relationship with the head of another organization in the outdoor industry. REI officials at their Kent, Washington, headquarters said Tuesday that Jerry Stritzke will leave March 15. The company...
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FILE- In this Sept. 13, 2018, file photo Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washington's Milestone Celebration in Washington. Jeff Bezos, the world’s richest man and CEO of Amazon, is publicly accusing The National Enquirer in a blog post of trying to blackmail him by threatening to release more intimate photos of him unless he calls off an investigation into how that information was obtained in the first place. (AP Photo/Cliff Owen, File)
February 08, 2019 - 6:17 pm
NEW YORK (AP) — First it was a heart-wrenching tweet that he and his wife were getting a divorce after 25 years. Then a tabloid revealed that he'd been having an affair, releasing texts and photos of him and his mistress. As if either of those weren't distracting enough, now Jeff Bezos — the world'...
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February 06, 2019 - 11:15 am
NEW YORK (AP) — J.C. Penney will no longer be selling major appliances, ending its three-year run. The Plano, Texas-based department store chain also says on its company blog that furniture will only be available on its website and in Puerto Rico stores. The move marks the first major initiative by...
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