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    Retail sales

    January 04, 2018 - 11:34 am

    Macy's, Penney see holiday sales growth

    NEW YORK (AP) — Macy's and J.C. Penney both reported holiday sales growth, offering encouraging signs that if department stores struggling to hold their own against online retailers had a decent period, other retailers did as well. The results, announced Thursday, came after both retailers focused...
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    A customer purchases marijuana at Harborside marijuana dispensary, Monday, Jan. 1, 2018, in Oakland, Calif. Starting New Year's Day, recreational marijuana can be sold legally in California. (AP Photo/Mathew Sumner)
    January 01, 2018 - 8:00 pm

    California pot: Smoke 'em (or eat 'em) if you can get 'em

    OAKLAND, Calif. (AP) — It wasn't exactly reefer madness Monday as California launched the first legal sales of recreational marijuana, but those who could find the drug celebrated the historic day, lining up early for ribbon cuttings, freebies and offerings ranging from cookies to gummy bears to...
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    December 05, 2017 - 3:47 am

    North Carolina lottery looking at online scratch-off sales

    RALEIGH, N.C. (AP) — North Carolina's state-run lottery is considering whether it makes sense to offer online games of chance to generate more profits for education. The state lottery commission meets Tuesday to hear more about digital instant games that players would buy on the lottery's website,...
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    A children's clothing display at Macy's at Garden State Plaza, Saturday, Nov. 25, 2017, in Paramus, N.J. Parking lots were full and shopping bags were plentiful in some places Saturday as holiday gift-seekers were out looking for bargains, even as the competition among retailers to offer earlier deals and snag customers first has pulled sales forward. (AP Photo/Anne D'Innocenzio)
    November 26, 2017 - 6:49 pm

    Dry weekend draws shoppers even as online sales boom

    CHICAGO (AP) — The driest Thanksgiving weekend in five years may have helped holiday shopping, despite an overall decline in foot traffic. But some shoppers just took notes in the hopes of finding an even better deal online. That's a consequence of Amazon continuing to squeeze prices, exacerbating...
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    FILE - In this Thursday, June 1, 2017, file photo, customers walk out of a Walmart store in Hialeah Gardens, Fla. Wal-Mart Stores Inc. reports earnings, Thursday, Nov. 16, 2017. (AP Photo/Alan Diaz, File)
    November 16, 2017 - 12:27 pm

    Walmart sees strong online sales lift third-quarter results

    NEW YORK (AP) — A surging online business and strong food sales boosted Walmart's results Thursday ahead of the holiday season, a day after its rival Target offered a cautious forecast that overshadowed progress it has made in bringing more customers to its stores. And Best Buy, the nation's...
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    Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Nov. 16, 2017. Asian stock markets were mostly firm on Thursday and oil prices were steady, despite a second straight day of losses on Wall Street overnight. (AP Photo/Ahn Young-joon)
    November 16, 2017 - 7:49 am

    Global stocks rise after days of turbulent trading

    SEOUL, South Korea (AP) — Global stocks rose Thursday, but analysts said it was too early to say markets had stabilized after a week of turbulent trading. Apart from persisting worries over prospects for a U.S. tax overhaul and doubts over the pace of rate hikes by the Federal Reserve, market-...
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    Specialist Mario Picone works at his post on the floor of the New York Stock Exchange, Wednesday, Nov. 15, 2017. U.S. stocks declined in early trading Wednesday as investors weighed a batch of economic data and company earnings. (AP Photo/Richard Drew)
    November 15, 2017 - 3:39 pm

    Tech companies lead US stocks lower in afternoon trading

    Technology companies led a broad slide for U.S. stocks in late-afternoon trading Wednesday, placing the market on course to extend losses from a day earlier. Consumer-focused companies also were big decliners. Energy stocks fell as the price of crude oil closed lower a day after its biggest loss...
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    FILE - In this Nov. 28, 2014, file photo, a customer walks past a bank of flat screen televisions at a Target store in South Portland, Maine. Target Corp. reports earnings Wednesday, Nov. 15, 2017. (AP Photo/Robert F. Bukaty, File)
    November 15, 2017 - 11:25 am

    Target sees highly competitive holiday on the way

    NEW YORK (AP) — A cautious outlook on the crucial holiday season overshadowed progress Target made in bringing more customers to its stores, pulling its shares down sharply. The shares of other retailers fell as well, even though overall economic figures show people still spending. Target reported...
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    FILE - In this Friday, Nov. 3, 2017, file photo, Jiahao Luo, left, and Jiahao Wang, from China, configure one of the four new Apple iPhone X's they purchased at the new Apple Michigan Avenue store along the Chicago River in Chicago. On Wednesday, Nov. 15, 2017, the Commerce Department releases U.S. retail sales data for October. (AP Photo/Charles Rex Arbogast, File)
    November 15, 2017 - 8:42 am

    US retail sales rose for 2nd month led by cars, clothes

    U.S. retail sales rose at a solid pace last month, as bullish consumers bought more cars, furniture and clothes. The Commerce Department says retail sales increased 0.2 percent in October, after a healthy 1.9 percent gain in the previous month. September's gain was the largest in 2 ½ years and was...
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    Pedestrian walk past a shop advertising its Autumn sale in Kensington High street in London, Tuesday, Oct. 17, 2017. Inflation is set to rise above 3 percent in the next month or two, the Bank of England warned Tuesday, with expectations that interest rates might soon rise for the first time in a decade. (AP Photo/Alastair Grant)
    October 19, 2017 - 6:19 am

    British retail sales slip amid household income squeeze

    LONDON (AP) — Official figures show that retail sales in Britain fell by a bigger than anticipated 0.8 percent in September, a drop that analysts say has its roots in the squeeze on household incomes by a spike in inflation. Despite the monthly fall, the Office for National Statistics said retail...
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