Retail industry

In this Aug. 27, 2019 photo, the Best Buy logo is shown on a store in Richfield, Minn. Best Buy Co. reports financial results Thursday, Aug. 29. (AP Photo/Jim Mone)
August 29, 2019 - 1:44 pm
NEW YORK (AP) — Best Buy Co. reported a sales shortfall for the fiscal second quarter and trimmed its annual sales forecast, blaming uncertainty surrounding an escalating trade war with China heading into the holiday shopping season. Shares of the retailer fell 8% in afternoon trading Thursday. "It...
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FILE - In this Aug. 21, 2019, file photo specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Aug. 28. (AP Photo/Richard Drew, File)
August 28, 2019 - 4:19 pm
Stocks overcame an early stumble and closed broadly higher Wednesday as the market more than made up its losses from a day earlier. Retailers, health care and industrial companies notched solid gains. Financial and energy stocks also helped power the rally. The two sectors have taken the heaviest...
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August 28, 2019 - 10:51 am
NEW DELHI (AP) — India has decided to liberalize foreign direct investment in domestic manufacturing, coal mining and digital media and will also allow single-brand retailers to start online sales to infuse capital into the country and boost its economy. Commerce and Industry Minister Piyush Goyal...
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FILE - In this Jan. 4, 2018, file photo, cannabis consultant Juan Aguilar, left, assists customers Bill, right, and Nize Nylen and their son Russell shop for edible marijuana products in the Herban Legends pot shop in Seattle. Five years after Washington launched its pioneering legal marijuana market, officials are proposing their most ambitious overhaul yet of the way the industry is regulated, with plans for boosting minority ownership of pot businesses, spreading out oversight among a range of state agencies, and letting the smallest cannabis producers increase the size of the operations in an effort to help them become more competitive. (AP Photo/Elaine Thompson, File)
August 27, 2019 - 3:13 pm
SEATTLE (AP) — Five years after Washington launched its pioneering legal marijuana market, officials are proposing an overhaul of the state's industry rules, with plans for boosting minority ownership of pot businesses, paving the way for home deliveries of medical cannabis and letting the smallest...
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FILE - In this July 30, 2019, file photo, a traveller pulls a trolley past a U.S. embassy car outside a hotel in Shanghai. China has announced it will raise tariffs on $75 billion of U.S. products in retaliation for President Donald Trump's planned Sept. 1 duty increase in a war over trade and technology policy. (AP Photo/Ng Han Guan, File)
August 23, 2019 - 11:33 pm
WASHINGTON (AP) — The Latest on the escalating trade war between the U.S. and China, the world's two largest economies (all times local): 12:35 a.m. President Donald Trump is pushing back against those questioning whether he has the authority to order American companies to cut trade ties with China...
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FILE - This Aug. 23, 2018, file photo shows a window display at a Gap Kids clothing store in Winter Park, Fla. The Gap Inc. reports financial results Thursday, Aug. 22. (AP Photo/John Raoux, File)
August 22, 2019 - 5:27 pm
NEW YORK (AP) — Gap Inc.'s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of its business. The beleaguered San Francisco-based chain also reported comparable sales declines at its three top brands, including at Old Navy, once a bright...
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FILE - In this Nov. 6, 2007, file photo Patrick Byrne, President and CEO of Overstock.com is reflected on a large television screen while being interviewed at the headquarters for supporters of school vouchers in Salt Lake City. Byrne has resigned, saying he’d become “far too controversial” to helm the e-commerce company known for selling discounted sofas and jewelry. Bryne, who founded the online discount retailer 20 years ago, said Thursday, Aug. 22, 2019, that was “in the sad position” of having to step down. (AP Photo/Steve C. Wilson)
August 22, 2019 - 4:14 pm
SAN FRANCISCO (AP) — The CEO of Overstock.com has resigned, saying he'd become "far too controversial" to helm the e-commerce company known for selling discounted sofas and jewelry. Patrick Byrne's resignation Thursday came after the company issued a bizarre statement last week in which the former...
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FILE - In this Aug. 16, 2019, file photo traders Dudley Devine, left, and Christopher Fuchs work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 22. (AP Photo/Richard Drew, File)
August 22, 2019 - 4:14 pm
A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Losses by health care, technology and energy companies, among other sectors, outweighed gains by banks, consumer goods makers and...
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FILE - In this June 3, 2019, file photo a shopping cart sits in the parking lot of a Target store in Marlborough, Mass. Target Corp. reports financial results Wednesday, Aug. 21. (AP Photo/Bill Sikes, File)
August 21, 2019 - 2:45 pm
NEW YORK (AP) — The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers' increasing shift online with expanded deliveries and better...
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FILE - In this July 10, 2019, file photo shoppers visit the downtown Target Store in Minneapolis. Target Corp. reports financial results Wednesday, Aug. 21. (AP Photo/Jim Mone, File)
August 21, 2019 - 6:34 am
NEW YORK (AP) — Target topped expectations in just about any way measureable during the second quarter as it pushes faster delivery and invests heavily in new private label brands. Comparable store sales, which include online sales, rose 3.4 % as customer traffic jumped 2.4%. The measure includes...
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