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Jan 23, 2017

Retail malaise puts pressure on chains to shutter more stores

Reeling from a shaky holiday season and slowing mall traffic, U.S. retailers are facing increasing pressure to close stores as more of their business migrates to the internet. More than 10 percent of U.S. retail space, or nearly 1 billion square feet, may need to be closed, converted to other uses or renegotiated for lower […]

Dec 30, 2016

The hidden cost of retail bargains

LOS ANGELES — He had spent his latest 45-hour workweek hunched over a sewing machine, attaching labels and stitching collars and tightening black and gold blouses that would soon sell at bargain prices at a popular retailer. But now it was Saturday afternoon, paycheck time, when Pedro felt the full sting of that bargain: It […]

Aug 2, 2015

Retailers to pay state $300,000 in toy gun settlement

NEW YORK — Retailers including Wal-Mart, Sears and Amazon have agreed to halt the sales of realistic-looking toy guns in New York and pay over $300,000 in penalties, state Attorney General Eric Schneiderman announced Monday. Schneiderman’s office found that five retailers and their third-party sellers sold over 6,400 toy guns from 2012 to 2014 that […]

May 15, 2014

Cybercrime info sharing center launched

NEW YORK (AP) — Some of the country’s largest retailers are banding together in hopes of protecting consumers’ personal and financial information from hackers and thieves. The Retail Industry Leaders Association, along with several top retailers ranging from Gap Inc. to Walgreen Co., on Wednesday launched an intelligence sharing center focused on the prevention of […]

Dec 26, 2012

Shoppers disappoint retailers over holidays

WASHINGTON — U.S. shoppers spent cautiously this holiday season, a disappointment for retailers who slashed prices to lure people into stores and now must hope for a post-Christmas burst of spending. Sales of electronics, clothing, jewelry and home goods in the two months before Christmas increased 0.7 percent compared with last year, according to the […]

Aug 31, 2012

Retailers report best sales growth since March

NEW YORK — This summer, Americans were walking contradictions: They opened their wallets despite escalating fears about the slow economic recovery and surging gas prices. A group of 18 retailers ranging from discounter Target to department-store chain Macy’s reported August sales on Thursday that rose 6 percent — the industry’s best performance since March — […]

Aug 1, 2011

Shoppers clog bridges as Canadian dollar soars

BUFFALO — Western New York retailers are reaping rewards but drivers face delays on bridges as shoppers flock across the border from Canada for deals, with the Canadian dollar at its highest since August 2007.

Jul 7, 2011

Retailers post strong June sales

NEW YORK — Colossal sales lured consumers into stores last month, but what's going to keep them shopping during the slow economic recovery is anyone's guess. Consumers who were enticed by warmer weather and deep discounts of up to 80 percent on summer merchandise ...

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