Retail sales

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Sept. 23, 2020. Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. (AP Photo/Ahn Young-joon)
September 23, 2020 - 12:03 am
Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. Stocks slipped Wednesday in Japan, Hong Kong and Seoul but rose in Sydney after the government reported retail sales fared better than expected. Overnight, the...
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FILE - In this file photo dated Tuesday, Sept. 4, 2018, a Nike company logo is displayed outside a Nike store in Charlotte, N.C. Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven by soaring online sales of its sneakers and workout apparel. The world's largest sports apparel maker on Tuesday, Sept. 22, 2020 reported a net profit of $1.5 billion profit, or 95 cents per share, in the three-month period ending Aug. 31, up 11% from the same 2019 quarter. (AP Photo/Chuck Burton, file)
September 22, 2020 - 6:32 pm
NEW YORK (AP) — Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven by soaring online sales of its sneakers and workout apparel. The world's largest sports apparel maker on Tuesday reported a net profit of $1.5 billion profit, or 95 cents per share, in...
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Shoppers walk at the Village Pointe shopping mall in Omaha, Neb., Tuesday, June 16, 2020. American shoppers ramped up their spending on store purchases by a record 17.7% from April to May, delivering a dose of energy for retailers that have been reeling since the coronavirus shut down businesses, flattened the economy and paralyzed consumers during the previous two months. (AP Photo/Nati Harnik)
September 16, 2020 - 8:43 am
NEW YORK (AP) — Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600 a week boost in their unemployment checks. Retail sales rose 0.6% last month, the fourth consecutive month of growth, the U.S. Commerce Department said...
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People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Sept. 15, 2020. Asian stocks were mixed Tuesday after Wall Street rose on a flurry of corporate deals and China's economic activity improved. (AP Photo/Vincent Yu)
September 15, 2020 - 12:05 am
Asian stocks were mixed Tuesday after Wall Street rose on a flurry of corporate deals and China's economic activity improved. Tokyo declined while Hong Kong and Seoul gained. Shanghai was little-changed. Wall Street's S&P 500 index closed 1.3% higher, driven by gains for technology, health care...
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FILE - In this Jan. 28, 2020 file photo, CEO of LVMH Bernard Arnault presents the group's 2019 results during a press conference, in Paris. The luxury goods giant is ending its takeover deal of luxury jewelry retailer Tiffany & Co., citing in part the threat of proposed U.S. tariffs on French goods. (AP Photo/Thibault Camus, File)
September 10, 2020 - 9:11 am
PARIS (AP) — It's an ugly spat for such a glamorous industry: French luxury powerhouse LVMH and U.S. jeweler Tiffany & Co. are blaming each other for the collapse of what would have been the sector's biggest-ever buyout deal. Paris-based LVMH had announced Wednesday it was abandoning the $14.5...
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FILE - In this Nov.25, 2019 file photo, the logo of Tiffany jeweler shop is pictured on the Champs Elysees avenue in Paris. LVMH is ending its monthslong pursuit of luxury jewelry retailer Tiffany & Co., citing in part the impact of proposed tariffs on French goods. The Paris-based conglomerate said that it needs more time to assess the impact of U.S. tariffs on French goods and cannot close the deal before year-end. (AP Photo/Michel Euler, File)
September 09, 2020 - 10:42 am
NEW YORK (AP) — Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had requested a delay to assess the threat of proposed U.S. tariffs and amid wider industry troubles caused by the pandemic. The Paris-based conglomerate said that...
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FILE - In this April 13, 2020 file photo, a person wearing a protective mask walks past the boarded up windows of a Macy's department store in Philadelphia. Macy’s Inc. on Wednesday, Sept. 2 reported a fiscal second-quarter loss of $431 million, after reporting a profit in the same period a year earlier. (AP Photo/Matt Rourke, File)
September 02, 2020 - 1:36 pm
NEW YORK (AP) — Macy’s got more people to shop on its website and app, but it wasn’t enough to make up for plummeting sales inside its department stores. Online sales were up 53%, and the company said it attracted 4 million new online customers. But sales sunk 61% inside its stores, which reopened...
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FILE - In this March 31, 2020 file photo, a woman pulls groceries from a cart to her vehicle outside of a Walmart store in Pearl, Miss. Walmart is launching a new membership service for shoppers this month that it hopes can compete with Amazon Prime. Called Walmart+, it will cost $98 a year or $12.95 a month, and give members same-day delivery on 160,000 items, a fuel discount at certain gas stations and a chance to check out at Walmart stores without having to wait at a register. (AP Photo/Julio Cortez, File)
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September 01, 2020 - 11:12 am
NEW YORK (AP) — Walmart is launching a new membership service that it hopes can compete with Amazon Prime. Called Walmart+, it will cost $98 a year, or $12.95 a month, and give members same-day delivery on 160,000 items, a fuel discount at certain gas stations and a chance to check out at Walmart...
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A banner for Utz Brands, which is listed at the New York Stock Exchange, hangs on the exterior of the building, Monday, Aug. 31, 2020, in New York. The Hanover, Pa. based company is known for its potato chips and snack foods. (AP Photo/Mark Lennihan)
August 31, 2020 - 4:50 pm
Stocks ended lower on Wall Street's Monday, but the market still closed out August with its fifth monthly gain in a row. The S&P 500 fell 0.2% after spending much of the day wavering between gains and losses of less than 0.1%. The modest decline, which snapped the index's seven-day winning...
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FILE - In this July 21, 2020 file photo, a man opens social media app 'TikTok' on his cell phone, in Islamabad, Pakistan. Walmart said Thursday, Aug. 27, that it's interested in teaming up with Microsoft to buy the U.S. business of TikTok, the popular Chinese video app. (AP Photo/Anjum Naveed, File)
August 29, 2020 - 11:08 am
NEW YORK (AP) — Walmart may be the world's largest retailer but it has mostly failed in its efforts to break Amazon's online dominance. Could TikTok, a fast-growing 3-year-old app filled with goofy videos, be the answer? TikTok's U.S. business appears up for grabs, with the Trump administration...
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