Retail industry

February 21, 2018 - 3:53 am
SEOUL, South Korea (AP) — Lotte says its holding company's board has accepted the resignation of its co-CEO, who has been convicted of bribery and embezzlement. The Asian retail and chewing gum giant said Wednesday that Shin Dong-bin has left his CEO post at Lotte Holdings but will remain on its...
Read More
FILE- In this Nov. 9, 2017, file photo, Walmart employee Kenneth White scans items while conducting an exercise during a Walmart Academy class session at the store in North Bergen, N.J. Walmart reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Julio Cortez, File)
February 20, 2018 - 4:40 pm
NEW YORK (AP) — Walmart is getting bruised in its battle with online leader Amazon. The world's largest retailer on Tuesday reported a smaller-than-expected fourth-quarter profit as it wrestled with slower e-commerce sales during the busiest time of the year. The results underscore the company's...
Read More
FILE - This Oct. 21, 2016 file photo shows a Rite Aid location in Philadelphia. The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for every 10 shares of Rite Aid. A deal value was not disclosed in a statement released Tuesday, Feb. 20, 2018, by the companies. (AP Photo/Matt Rourke)
February 20, 2018 - 8:45 am
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for...
Read More
FILE - In this Feb. 23, 2015, file photo, Prince Addy of Manassas, Va., straightens up the shelves of roofing products at the Home Depot in Falls Church, Va. Home Depot a reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Susan Walsh, File)
February 20, 2018 - 8:13 am
NEW YORK (AP) — A strong home-improvement market pushed Home Depot's profit higher in the fourth quarter, topping expectations. The Atlanta company's profit rose 5.6 percent to $1.78 billion, or $1.52 per share, for the three months ended Jan. 28. Earnings, adjusted for pretax expenses, were $1.69...
Read More
Students grieve outside Pines Trail Center where counselors are present, after Wednesday's mass shooting at Marjory Stoneman Douglas High School in Parkland, Fla., Thursday, Feb. 15, 2018. Nikolas Cruz was charged with 17 counts of premeditated murder Thursday morning. (AP Photo/Joel Auerbach)
February 15, 2018 - 5:08 pm
PARKLAND, Fla. (AP) — The Latest on a deadly school shooting at a Florida high school (all times local): 4:30 p.m. A law enforcement official says he knows of "no known ties" between the suspect who confessed to a deadly mass shooting at a Florida high school and a white supremacist group. Lt...
Read More
FILE - This July 6, 2015, file photo shows a sign for Wall Street carved into the side of a building in New York. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 14, 2018. (AP Photo/Mark Lennihan, File)
February 14, 2018 - 3:18 pm
NEW YORK (AP) — U.S. stocks are closing in on their fourth gain in a row Wednesday as banks climb along with bond yields. The increase in rates came after the government said consumer prices climbed in January at a rate that was faster than economists had expected. There were few signs of the...
Read More
FILE - In this Nov. 23, 2017, file photo, Jesus Reyes pushes a television down an aisle as he shops at a Black Friday sale at a Best Buy store in Overland Park, Kan. On Wednesday, Feb. 14, 2018, the Commerce Department releases U.S. retail sales data for January. (AP Photo/Charlie Riedel, File)
February 14, 2018 - 8:59 am
WASHINGTON (AP) — Americans cut back on purchases of cars, furniture and a variety of other products in January, pushing retail sales down by 0.3 percent, the biggest decline in 11 months. The January decline, following no change in December, was the largest setback since a 0.5 percent fall in...
Read More
In this Nov. 20, 2015 picture, a UPS airplane is unloaded at the company's Worldport hub in Louisville, Ky. Shares of delivery companies FedEx and UPS are falling in Friday, Feb. 9, 2018, premarket trading following a report that powerhouse Amazon is readying its own delivery service for businesses. (AP Photo/Patrick Semansky)
February 09, 2018 - 5:18 pm
Amazon has already shown that it can rattle the retail, grocery and health insurance industries, and now it is doing the same in the delivery business. The online retailer is reportedly planning a new service to pick up packages from businesses and deliver them to consumers. The service, called "...
Read More
FILE - This Jan. 18, 2017, file photo shows a CVS Pharmacy in Pittsburgh. CVS Health Corp. reports earnings, Thursday, Feb. 8, 2018. (AP Photo/Gene J. Puskar, File)
February 08, 2018 - 12:10 pm
CVS Health's fourth-quarter earnings nearly doubled, fueled by a $1.5 billion tax benefit that will help the drugstore chain expand its growing role in customer care. The company said Thursday that it will use the break it gets from the recently completed federal tax overhaul to raise starting pay...
Read More
February 07, 2018 - 6:28 am
LONDON (AP) — British supermarket chain Tesco is facing legal claims that it is paying women less than men for work of equal value, in a case that lawyers estimate could ultimately cost it as much as 4 billion pounds ($5.6 billion) in compensation payments. Law firm Leigh Day said Wednesday it has...
Read More

Pages