Costco 4th-quarter profit slips partly on stronger dollar, but tops analysts' estimatesOctober 7th, 2009 Costco 4Q profit falls 6 percent but tops viewsNEW YORK — Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results beat analysts' estimates.
Sold-out products tempt shoppers to buy the next best thingSeptember 30th, 2009 WASHINGTON - If you see an empty store shelf you would go ahead and buy the next best thing similar to the one you missed out on, says a new study. The study found that 61 per cent of shoppers would buy a particular five-hour ski pass for 20 dollars, but that figure rose to 91 per cent when they thought a 10-hour ski pass for the same mountain slope for 40 dollars had sold out.
Amazon expanding its in-house brands by selling electronics accessoriesSeptember 19th, 2009 Amazon widens private labels with electronics gearSAN FRANCISCO — Consumers visit Amazon.com for deals on products from companies ranging from Apple Inc. to Zenith Electronics Corp.
Retail sales jump, but weak results at 2 big stores show spending isn't back in forceSeptember 15th, 2009 Cautious optimism for economy as August sales jumpWASHINGTON — Retail sales jumped in August by the largest amount in more than three years, but economists warn that as long as credit stays tight and jobs remain scarce, Americans probably aren't ready to spend in force again. Underscoring just how fragile the economic recovery is, Best Buy said Tuesday that customers are spending less in its electronics stores, and Kroger said grocery shoppers are still buying only what they need for the next week, or even the next meal.
State senator joins what could be crowded GOP field trying to unseat Nevada's Harry ReidSeptember 9th, 2009 State senator opts to run against ReidWASHINGTON — Nevada state Sen. Mark Amodei is joining a growing list of Republican candidates who will try to prevent Senate Majority Leader Harry Reid from winning a fifth term.
Retail sales likely rose again in July, boosted by the Cash for Clunkers car programAugust 13th, 2009 Ahead of the Bell: Retail SalesWASHINGTON — Retail sales likely rose again in July, boosted by the government's popular Cash for Clunkers program. Economists surveyed by Thomson Reuters expect retail sales rose 0.7 percent last month after a 0.6 percent increase in June.
Retail sales post unexpected 0.1 percent decline in July, raising new worries about consumersAugust 13th, 2009 Retail sales unexpectedly dip 0.1 percent in JulyWASHINGTON — Retail sales outside of autos turned in a disappointing performance in July, underscoring concerns about the timing and durability of a recovery from the worst recession since World War II. The Commerce Department said Thursday that retail sales fell 0.1 percent last month.
Nordstrom 2nd-quarter net income falls but results meet expectations, co. raises outlookAugust 13th, 2009 Nordstrom 2nd-quarter profit matches expectationsNEW YORK — Luxury retailer Nordstrom Inc. said Thursday its second-quarter profit fell 27 percent but met analyst expectations as the company tightly managed its inventory and lowered its prices in an effort to offset slumping sales.
Starbucks to open three non-Starbucks Seattle stores, may bring pilot program to other citiesJuly 16th, 2009 Starbucks wipes name from Seattle locationNEW YORK — Starbucks Corp. said Thursday it is wiping its name from one of its Seattle-area stores and adding alcohol to the menu.
Retail sales rise in June by largest amount since January, led by a surge in gasoline pricesJuly 14th, 2009 June retail sales rise more-than-expected 0.6 pctWASHINGTON — Retail sales advanced in June by the largest amount in five months, led by a surge in gasoline prices and a slight rebound in the battered auto sector. The Commerce Department said Tuesday that retail sales rose 0.6 percent last month, better than the 0.4 percent gain that economists had expected.
Spokane police arrest man they contend led an organized ring of grocery store meat thievesJune 26th, 2009 Spokane cops arrest alleged meat thief ringleaderSPOKANE, Wash. — Police have arrested a man they contend led an organized ring of thieves who stole meat from area grocery stories.
AP answers your questions on the news, from Muqtada al-Sadr to electricity in closed storesMay 29th, 2009 Ask AP: Shut stores' electricity, Muqtada al-SadrWhat ever happened to Muqtada al-Sadr, the radical Shiite cleric who once had a recurring role in news stories about the Iraq war?
Curiosity about al-Sadr inspired one of the questions in this edition of "Ask AP," a weekly Q&A column where AP journalists respond to readers' questions about the news. If you have your own news-related question that you'd like to see answered by an AP reporter or editor, send it to newsquestions@ap.org, with "Ask AP" in the subject line.
America's dollar stores get hot in recessionMay 2nd, 2009 WASHINGTON - America's dollar stores, those once-dowdy chains that lures shoppers by selling some or all of their merchandise for just $1 or rock-bottom prices, have become suddenly hot in a recession-hit economy. 'They are busily opening new stores, outfitting existing stores with refrigerators and freezers, and sprucing up their aisles with better lighting, fresh paint and new signs,' the New York Times reported.
'Goodbye Bush', Chant Metro riders in crowded WashingtonJanuary 19th, 2009 WASHINGTON - Washington throbbed with excitement Tuesday morning as tens of thousands crowded into subway cars and poured through the streets to celebrate the end of one era and the beginning of another. Metro riders at L'Enfant Plaza, stalled by train problems, began to sing.
US retail sales plunge in DecemberJanuary 14th, 2009 WASHINGTON - Retail sales in the US plunged in December as holiday shoppers cut back on spending and ignored big sales incentives, the Commerce Department said in its initial estimate Wednesday. Sales tumbled to $343.2 billion, down 9.8 percent compared to December 2007 and down 2.7 percent from November, worse than economists expected.