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Nordstrom's 1Q sales fell 40% as pandemic shuttered stores
NEW YORK -- Upscale department store retailer Nordstrom reported Thursday that its sales plunged nearly 40% in its fiscal first quarter when the...
Target, Walmart outbox department stores in reshaped world
NEW YORK -- The future of the post-pandemic retail economy in the U. S. looks both boxy and digital. The pandemic is dividing the industry into...
Transportation sector is bleeding jobs, more cuts on the way
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to...
Judge strikes down US energy leasing rules in bird habitat
BILLINGS, Mont. -- A U. S. judge has dealt another blow to the Trump administration's efforts to increase domestic oil and gas output from public...
Retailers reopening more stores, tourism expanding
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to...
Macy's sees sales drop of at least 45% in 1Q due to pandemic
NEW YORK -- Macy's is warning that it could lose more than a $1 billion during its first quarter after the coronavirus pandemic paralyzed retail...
Trump administration cuts royalty rates for oil and gas
BILLINGS, Mont. -- The Trump administration has started giving energy companies temporary breaks on royalties and rent they pay to extract oil and...
How to pay rent when you can’t afford it
After Megan Pearson's job as a restaurant server was put on hold because of COVID-19 -related stay-at-home orders, the single mom had to figure out...
Big box rules: Target's online campaign readied it for virus
NEW YORK -- Online sales at Target more than doubled as the pandemic put millions in lockdown during the first quarter, revealing further the...
Kroger says isn't pulling back bonuses; airlines see uptick
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to...
As Walmart becomes a lifeline, online sales surged 74%
NEW YORK -- Walmart became a lifeline to millions of people as the coronavirus spread and its surging profit and sales during the fiscal first...
JC Penney plans to close more than 240 stores
NEW YORK -- J. C. Penney will close almost 30% of its 846 stores as part of a restructuring under bankruptcy protection. The Plano, Texas, retailer...
Pandemic claims yet another retailer: J.C. Penney
NEW YORK -- The coronavirus pandemic has pushed the storied but troubled department store chain J. C. Penney into Chapter 11 bankruptcy. It is the...
Beginning to bloom: New York creaking back to economic life
SCHOHARIE, N. Y. -- Idled contractors girded for long-awaited jobs and shoppers browsed spring flowers -- though masks made stopping to smell the...
Retailers face reckoning as April's sales drop sets a record
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to...
US retail sales plunged 16% in April as virus froze economy
BALTIMORE -- U. S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened...
April job losses fall hard on restaurants, retailers
NEW YORK -- Who remembers their last meal at a sit-down restaurant? Better yet: who knows when their next one will be? That's the question...
Why open a store? Chinese merchants go livestreaming instead
HONG KONG -- At the height of China's coronavirus outbreak, the skincare-products maker Forest Cabin closed more than half of its 300 stores across...
Vast cutbacks in jobs and spending before any summer rebound
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to...
Can’t find what you need on Amazon? Try these ways to shop
NEW YORK -- Slow shipping times and sold out items have plagued Amazon since the coronavirus pandemic caused a rush of orders from home-bound...
US long-term mortgage rates mixed; 30-year loan at 3.26%
WASHINGTON -- Long-term U. S. mortgage rates were mixed this week, continuing to hover near all-time lows. Mortgage buyer Freddie Mac reported...
Neiman Marcus files for Chapter 11 bankruptcy protection
NEW YORK -- Neiman Marcus, the 112-year-old storied luxury department store chain, has filed for Chapter 11 bankruptcy protection, the first...
What's shopping in a pandemic like? Drive to your local mall
NEW YORK -- Many Americans are getting their first taste of what pandemic shopping looks like at their local mall. Simon Property Group, the nation...
J.Crew files for Chap. 11 as pandemic smothers retail
NEW YORK -- The owner of J. Crew is filing for Chapter 11 bankruptcy, two months after the first person in New York tested positive for COVID-19....
Captive neighbors seek relief from Amazon construction noise
ARLINGTON, Va. -- Amazon deliveries may be delayed for some folks because of the coronavirus, but construction of Amazon's new Virginia...
Socked by virus, comic book industry tries to draw next page
The pandemic has transformed Christina Blanch, owner of Aw Yeah Comics, into a nightly TV host. Nine times a week, Blanch leads a livestream from...
McDonald's says 1Q sales drop as 25% of stores are closed
McDonald's says it has likely reached the trough of global restaurant closures due to COVID-19, with 25% still shuttered. But business has been...
2nd French court orders Amazon to better protect workers
PARIS -- Amazon is keeping all of its French warehouses closed for the time being, after an appeals court upheld a ruling saying the company hadn't...
National economies under duress; a plea for help from retail
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the...
Need for seed: Gardeners flock to stores, overwhelm websites
NITRO, W. Va. -- The sweet peppers were picked over, the tomatoes were taken and the flowers were fixing to be next. The empty spots on the store's...