Retail and wholesale

In this Friday, Nov. 16, 2018, photo a display shows two large Lego toys on a slide near the toy section at a Target store in Bridgewater, N.J. Companies from Target to online mattress company Casper aren’t just counting on a stronger economy to pump up sales. Target’s CEO Brian Cornell estimated last month there’s up to $100 billion in market share for grabs, double what he foresaw just a year ago. So Target is accelerating its store remodels in areas where bankrupt retailers had stores. (AP Photo/Julio Cortez)
November 21, 2018 - 11:40 am
NEW YORK (AP) — Toys R Us and Bon-Ton may be gone but they haven't been forgotten. Companies like Target and online mattress company Casper are creating playbooks to pick up market share that those and other defunct or dying retailers left behind. Casper, for instance, is teaming up with department...
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November 21, 2018 - 4:59 am
COPENHAGEN, Denmark (AP) — Swedish home furnishings giant Ikea says it is cutting 7,500 jobs worldwide, partly as a result of a new strategy to open shops in city centers to complement its larger stores. Ikea says the cutbacks will allow it to focus "on its e-commerce platform, to better meet the...
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November 20, 2018 - 4:40 pm
NEW YORK (AP) — Lowe's Cos. reported disappointing numbers for a key sales measure in the third quarter and said it would exit its Mexico operations in its bid to compete better with home improvement leader Home Depot. The home improvement chain said Tuesday it would also exit its contracting...
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In this Friday, Nov. 16, 2018, photo, ornaments, including one with the likeness of Bullseye, the Target mascot, hang from a display at a Target store in Bridgewater, N.J. Shoppers are spending freely heading into the holidays, but heavy investments and incentives like free shipping by retailers are giving Wall Street pause. Target Inc., Kohl's Corp., Best Buy Co. and TJX Cos. all reported strong sales at stores opened at least a year. (AP Photo/Julio Cortez)
November 20, 2018 - 4:36 pm
NEW YORK (AP) — Shoppers are spending freely heading into the holidays, but heavy investments and incentives like free shipping by retailers are giving Wall Street pause. Target Inc., Kohl's Corp., Best Buy Co. and TJX Cos. all reported strong sales at stores opened at least a year. That's a key...
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FILE- In this Friday, Nov. 9, 2018, file photo trader Vincent Napolitano, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Nov. 20. (AP Photo/Richard Drew, File)
November 20, 2018 - 3:33 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing sharply lower, erasing the market's gains for the year, as losses for big technology companies like Apple mount. Apple sank 4.8 percent Tuesday. Retailers also fell sharply. Target plunged...
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In a photo taken Friday, Nov. 16, 2018, Target employee Lindsay Walker scans an item as she collects merchandise from shelves to prep them for an online order at a Target store in Edison, N.J. Target Corp. reports earnings Tuesday, Nov. 20. (AP Photo/Julio Cortez)
November 20, 2018 - 7:23 am
MINNEAPOLIS (AP) — Target's ramped up investments online and in stores are bringing in shoppers, but they're bruising the bottom line right now. Company shares tumbled 10 percent before the opening bell Tuesday after Target missed profit expectations for the third quarter, the last look at the...
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NASCAR President Steve Phelps speaks during a news conference before the NASCAR Cup Series Championship auto race at the Homestead-Miami Speedway, Sunday, Nov. 18, 2018, in Homestead, Fla. (AP Photo/Terry Renna)
November 18, 2018 - 12:13 pm
HOMESTEAD, Fla. (AP) — NASCAR is open to wholesale changes for 2020 that could include everything from doubleheaders, midweek races, a tightened schedule, shorter races, and even a potential shared event schedule with IndyCar. Steve Phelps, named president of the sanctioning body last month,...
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November 17, 2018 - 1:51 pm
WASHINGTON (AP) — The chief executive of J.Crew Group Inc. is stepping down. The clothing retailer says in an announcement that the departure of James Brett, a retail veteran who took the top job in 2017, was by mutual agreement between Brett and the company's board of directors. In a statement,...
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November 17, 2018 - 1:48 pm
FORT LAUDERDALE, Fla. (AP) — Florida is suing the nation's two largest drugstore chains, Walgreens and CVS, alleging they added to the state and national opioid crisis by overselling painkillers and not taking precautions to stop illegal sales. Attorney General Pam Bondi announced late Friday that...
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Former first lady Michelle Obama greets the audience as Tracee Ellis Ross watches at the "Becoming: An Intimate Conversation with Michelle Obama" event at the Forum on Thursday, Nov. 15, 2018, in Inglewood, Calif. (Photo by Willy Sanjuan/Invision/AP)
November 16, 2018 - 1:40 pm
INGLEWOOD, Calif. (AP) — Michelle Obama said she felt anxious before giving her emotional New Hampshire speech in 2016 condemning Donald Trump for bragging about sexually assaulting women in a recording more than a decade ago. The former first lady recalled that she wrote the outline of her speech...
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