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Nordstrom's 1Q sales fell 40% as pandemic shuttered stores
News 3 days ago
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...

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Target, Walmart outbox department stores in reshaped world
News 4 days ago
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...

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Transportation sector is bleeding jobs, more cuts on the way
News 4 days ago
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...

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Judge strikes down US energy leasing rules in bird habitat
News 6 days ago
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...

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Retailers reopening more stores, tourism expanding
News 1 week ago
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...

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Macy's sees sales drop of at least 45% in 1Q due to pandemic
News 1 week ago
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...

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Trump administration cuts royalty rates for oil and gas
News 1 week ago
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...

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How to pay rent when you can’t afford it
News 1 week ago
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...

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Big box rules: Target's online campaign readied it for virus
News 1 week ago
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...

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Kroger says isn't pulling back bonuses; airlines see uptick
News 1 week ago
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...

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As Walmart becomes a lifeline, online sales surged 74%
News 1 week ago
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...

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JC Penney plans to close more than 240 stores
News 2 weeks ago
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...

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Pandemic claims yet another retailer: J.C. Penney
News 2 weeks ago
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...

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Beginning to bloom: New York creaking back to economic life
News 2 weeks ago
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...

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Retailers face reckoning as April's sales drop sets a record
News 2 weeks ago
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...

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US retail sales plunged 16% in April as virus froze economy
News 2 weeks ago
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...

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April job losses fall hard on restaurants, retailers
News 2 weeks ago
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...

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Why open a store? Chinese merchants go livestreaming instead
News 2 weeks ago
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...

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Vast cutbacks in jobs and spending before any summer rebound
News 2 weeks ago
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...

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Can’t find what you need on Amazon? Try these ways to shop
News 2 weeks ago
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...

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US long-term mortgage rates mixed; 30-year loan at 3.26%
News 3 weeks ago
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...

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Neiman Marcus files for Chapter 11 bankruptcy protection
News 3 weeks ago
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...

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What's shopping in a pandemic like? Drive to your local mall
News 3 weeks ago
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...

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J.Crew files for Chap. 11 as pandemic smothers retail
News 4 weeks ago
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....

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Captive neighbors seek relief from Amazon construction noise
News 1 month ago
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...

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Socked by virus, comic book industry tries to draw next page
News 1 month ago
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...

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McDonald's says 1Q sales drop as 25% of stores are closed
News 1 month ago
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...

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2nd French court orders Amazon to better protect workers
News 1 month ago
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...

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National economies under duress; a plea for help from retail
News 1 month ago
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...

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Need for seed: Gardeners flock to stores, overwhelm websites
News 1 month ago
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...

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