Retail and wholesale

FILE - In this May 21, 2020 file photo, patrons to a Starbucks in the Chicago neighborhood of Hyde Park walk past stacked chairs and tables. Starbucks says that the COVID-19 pandemic caused an approximately $3 billion to $3.2 billion decline in its third-quarter consolidated revenue. The coffee chain said Wednesday, June 10, that the virus outbreak also lowered operating income by about $2 billion to $2.2. billion. (AP Photo/Charles Rex Arbogast)
June 10, 2020 - 12:48 pm
Starbucks expects to lose more than $3 billion in revenue in its fiscal third quarter due to the new coronavirus, but said the disruption to its business should subside through the rest of the year. “The Starbucks brand is resilient, customer affinity is strong and we believe the most difficult...
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FILE - This Feb. 16, 2010 file photo shows the headquarters of the Simon Property Group in downtown Indianapolis. Simon Properties said Wednesday, June 10, 2020, that it is pulling out of its $3.6 billion to buy rival Taubman, citing the coronavirus pandemic which has forced many malls to temporarily close their doors. It is the second major retail deal to fall apart due to the pandemic. (Danese Kenon/The Indianapolis Star via AP, File)
June 10, 2020 - 10:49 am
NEW YORK (AP) — The nation's largest owner of malls is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail economy. It is the second major retail deal that was signed just before the pandemic hit the U.S. to crumble. The sale of Victoria's Secret to...
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A woman reacts as she is sprayed with disinfectant inside a chamber as a precaution against the new coronavirus outbreak before entering a shopping mall in Jakarta, Indonesia, Tuesday, June 9, 2020. As Indonesia's overall virus caseload continues to rise, the capital city has moved to restore normalcy by lifting some restrictions this week, saying that the spread of the virus in the city of 11 million has slowed after peaking in mid-April. (AP Photo/Dita Alangkara)
June 09, 2020 - 11:24 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the national and global response, the work place and the spread of the virus. ________________________ LOSING LUSTER: The coronavirus pandemic has forced...
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Indian volunteers spray disinfectants at a church in Jammu, India, Sunday, June 7, 2020. India whose coronavirus caseload is fifth highest in the world is Monday reopening places of worship after a period of more than two months lockdown. (AP Photo/Channi Anand)
June 07, 2020 - 8:12 am
NEW DELHI (AP) — India reported 9,971 new coronavirus cases on Sunday in another biggest single-day spike, a day before it prepares to reopen shopping malls, hotels and religious places after a 10-week lockdown. India has now surpassed Spain as the fifth hardest-hit country, with more than 247,000...
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FILE - In this May 8, 2020, file photo, a J.C. Penney store sits closed in Roseville, Mich. The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. Penney said late Friday, May 15, 2020, it will be closing some stores and will be disclosing details and timing in the next few weeks. (AP Photo/Paul Sancya, File)
June 04, 2020 - 9:58 pm
NEW YORK (AP) — J.C. Penney said Thursday that it will start closing 154 of its stores next week in what it is calling the first phase of its efforts to shrink its footprint. The Plano, Texas-based retailer said it could take about 10 to 16 weeks to complete the closures. A list of the stores...
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Customers queue to purchase alcoholic beverages outside the Sam Liquor Store in Thokoza township, near Johannesburg, South Africa, Monday, June 1, 2020. Liquor stores have reopened Monday after being closed for over two months under lockdown restrictions in a bid to prevent the spread of coronavirus. (AP Photo/Themba Hadebe)
June 01, 2020 - 1:33 pm
CAPE TOWN, South Africa (AP) — Many South Africans spent their Monday lining up outside liquor stores and celebrated with cheers as alcohol sales were allowed again after a two-month ban because of the coronavirus outbreak. “It’s been a long two months,” said Tony van Schalkwyk, who got to one...
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A woman cries as she watches a building burn after a protest over the death of George Floyd, Sunday, May 31, 2020, in La Mesa, Calif. Protests were held in U.S. cities over the death of Floyd, a black man who died after being restrained by Minneapolis police officers on May 25. (AP Photo/Gregory Bull)
June 01, 2020 - 1:52 am
LOS ANGELES (AP) — Armed National Guard soldiers lined the steps of Los Angeles City Hall and cities across California declared curfews Sunday to head off more violence after unruly demonstrators at earlier protests burned police cars, broke into stores and skirmished with officers. In more than 20...
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Hardik Kalra stocks meat in a cooler at a local super market, Friday, May 29, 2020, in Des Moines, Iowa. As if trips to the grocery store weren't nerve-racking enough, shoppers lately have seen the costs of meat, eggs and even potatoes soar as the coronavirus has disrupted processing plants and distribution networks. (AP Photo/Charlie Neibergall)
May 30, 2020 - 11:08 am
DES MOINES, Iowa (AP) — As if trips to the grocery store weren’t nerve-wracking enough, U.S. shoppers lately have seen the costs of meat, eggs and even potatoes soar as the coronavirus has disrupted processing plants and distribution networks. Overall, the cost of food bought to eat at home...
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A passenger waits to check his luggage at Belgrade Nikola Tesla Airport, Serbia, Thursday, May 21, 2020. Serbia's national carrier Air Serbia has resumed commercial flights as the government eased the lockdown against the new coronavirus. Crisis authorities have said the situation in the country has stabilized despite virus clusters in the southern area. (AP Photo/Darko Vojinovic)
May 29, 2020 - 5:58 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ BY LAND AND BY SEA: Passenger traffic has resumed at...
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In this Thursday, May 28,2020 photo Virginia Binkerhoff stands outside the Just Dandy women's clothing store she owns in downtown Cheyenne, Wyo. The cancellation of this summer's Cheyenne Frontier Days rodeo and cowboy festival due to the coronavirus portends more hard times ahead for businesses struggling in Wyoming's capital city. (AP Photo/Mead Gruver)
May 29, 2020 - 5:55 pm
CHEYENNE, Wyo. (AP) — The Just Dandy women's clothing store in downtown Cheyenne has endured fire, flooding, recessions and so far the coronavirus pandemic, but will this year's cancellation of the city's famous cowboy-and-rodeo festival, Cheyenne Frontier Days, be the daddy-of-'em-all disaster? “I...
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