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Friday, October 30, 2020

ANNE DINNOCENZIO AP Retail Writer

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Macy’s to furlough majority of its 125,000 workers

NEW YORK (AP) — Macy's says it will temporarily stop paying tens of thousands of employees who were thrown out of work when the...

Target offers solid profit outlook despite virus uncertainty

NEW YORK (AP) — Target Corp. offered a solid annual profit outlook on Tuesday and said that it hasn't seen anything related to the...

J.C. Penney sees key sales figure down for the year

NEW YORK (AP) — J.C. Penney Co. dumped more bad news on investors Thursday, estimating that sales for the current year at established stores...

Best Buy posts strong quarterly sales during holiday season

NEW YORK (AP) — Best Buy Co. reported strong fourth-quarter results as shoppers bought appliances, mobile phones and tablets during the holiday season.The robust...

Retail group sees solid sales growth this year

NEW YORK (AP) — The nation's largest retail trade group forecasts that retail sales should grow between 3.5% and 4.1% to more than $3.9...

Lowe’s disappoints on 4Q sales, full-year outlook

NEW YORK (AP) — Lowe's Cos. delivered weaker-than-expected sales for its fiscal fourth quarter and offered an annual forecast that came below Wall Street...

A rare miss for Walmart to end the year

NEW YORK (AP) — Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season.Violent social protests in Chile, where...

Macy’s to close 125 stores, shed 2,000 corporate jobs

NEW YORK (AP) — Macy's said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling...

Nation’s largest retail trade group: holiday sales rose 4.1%

NEW YORK (AP) — The nation's largest retail trade group says holiday sales increased 4.1%, the top end of its forecast.The National Retail Federation...

On the Money: Tips to make the best of post-holiday shopping

NEW YORK (AP) — Holiday shopping doesn't end with Christmas.Shoppers can take advantage of fatter discounts on clothing, home decor and other items between...

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