Apparel and accessories retail

FILE- In this Nov. 29, 2019, file photo customers shop at a Kohl's store in Colma, Calif. Retail sales fell 0.5% in February 2020 indicating the consumer sector was slowing even before the coronavirus struck with force in the United States. The Commerce Department reported Tuesday, March 17, 2020 that the February drop in sales followed a solid 0.6% gain in January. (AP Photo/Jeff Chiu, File)
1010 WINS Newsroom
March 17, 2020 - 12:05 pm

Retail sales fall 0.5% in February, biggest drop since 2018

WASHINGTON (AP) — Retail sales fell 0.5% in February, the largest drop in more than a year, indicating that the consumer sector was slowing even before the coronavirus struck with force in the United States. Economists said they were looking for even weaker numbers in coming months. The Commerce...
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A parking lot attendant walks through a typically full parking lot now largely empty over people staying home due to the worldwide coronavirus pandemic in Dubai, United Arab Emirates, Monday, March 16, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (AP Photo/Jon Gambrell)
1010 WINS Newsroom
March 16, 2020 - 2:36 pm

Virus seizes markets and business as usual hits a wall

Global markets and businesses big and small opened the week to a landscape seemingly altered by the coronavirus pandemic. National retail chains have closed all stores. Banks are taking steps to keep cash on hand, lots of it. Markets in Asia, Europe and the U.S. are plunging. Following is a quick...
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FILE - This June 25, 2019, file photo shows the entrance to a Walmart in Pittsburgh. Walmart, the nation’s largest retailer and private employer, said late Saturday, March 14, 2020, it is limiting store hours to ensure they can keep sought-after items such as hand sanitizer in stock amid the coronavirus pandemic. (AP Photo/Gene J. Puskar, File)
1010 WINS Newsroom
March 15, 2020 - 11:02 pm

Business Fallout: Walmart limits hours, airlines cut flying

WASHINGTON (AP) — United Airlines will slash 50% of its flying capacity in April and May and warns the cuts could extend into the peak summer travel season as the impact of the new coronavirus on airlines grows more dire. Bookings are plummeting and cancellations soaring as the virus continues to...
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CEO of Swedish telecom giant Ericsson, Borje Ekholm talks to the media after presenting the company's 2019 full year result at the Ericsson headquarters in Stockholm, Sweden, on Friday Jan. 24, 2020. (Fredrik Sandberg / TT via AP)
1010 WINS Newsroom
February 07, 2020 - 5:27 pm

Economic impact of virus widens as Ericsson exits trade show

BEIJING (AP) — More than a month after the outbreak of China's deadly virus, the economic damage is being felt by more businesses and is threatening the outlook for the global economy. In a report Friday, the Federal Reserve warned that the virus represents an international risk. “The recent...
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FILE - In this Jan. 22, 2020, file photo a store front is closed below an Express retail clothing store in Valley West Mall in West Des Moines, Iowa. On Tuesday, Jan. 28, the Conference Board reports on U.S. consumer confidence for January. (AP Photo/Andrew Harnik, File)
1010 WINS Newsroom
February 03, 2020 - 9:33 am

Mall owners among group bidding $81 million for Forever 21

A consortium of buyers, including mall owners Simon Property Group and Brookfield Property Partners, is bidding $81 million for Forever 21, the ubiquitous mall staple that filed for bankruptcy protection in September. Simon and Brookfield are Forever 21's biggest landlords. The other bidder is...
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FILE - This Wednesday, Feb. 24, 2010 file photo shows an Old Navy Store in Paramus, N.J. On Thursday, Jan. 16, 2020, Gap Inc. says it no longer intends to spin off Old Navy as a separate entity after determining it would be too costly and complex, especially given the retailer's recent struggles. (AP Photo/Seth Wenig)
1010 WINS Newsroom
January 16, 2020 - 6:11 pm

Gap dumps plans to spin off Old Navy as a separate entity

NEW YORK (AP) — Gap Inc. says it no longer intends to spin off Old Navy as a separate public company. The retailer said Thursday that its board scuttled the move after determining it would be too costly and complex, especially given the company's recent struggles. Its stock was up about 5% in after...
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1010 WINS Newsroom
January 15, 2020 - 1:43 pm

UCLA receives $25M gift from head of Japanese retail giant

LOS ANGELES (AP) — The University of California, Los Angeles has received a $25 million donation from Tadashi Yanai, the founder and CEO of Japanese clothing giant Uniqlo, the school announced Wednesday. The money will will endow a center named for Yanai devoted to the study of Japanese literature...
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FILE - This April 10, 2012 file photo shows the production department at fashion giant Inditex's headquarters where Zara fashion garments are designed in La Coruna, Spain. Inditex, the retail giant that owns Zara, H&M and many other brands, announced a sustainability pledge in July, for example, saying it wants all its clothes to be made from sustainable or recycled fabrics by 2025. (AP Photo/Jesus Sancho, File)
1010 WINS Newsroom
January 07, 2020 - 11:43 am

Sustainability in the fashion industry faces an uphill climb

LONDON (AP) — Sustainability in fashion is a hot button topic, with retailers large and small racing to prove their green credentials, but the desire for new attire churns and the industry remains one of the world's largest polluters as climate activists and watchdogs sound alarms. The industry is...
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FILE - In this Nov. 20, 2019, file photo specialist Mario Picone, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Nov 26. (AP Photo/Richard Drew, File)
1010 WINS Newsroom
November 26, 2019 - 4:55 pm

Major US stock indexes hit record highs amid trade optimism

More encouraging signs that trade talks between the U.S. and China are on track kept investors in a buying mood Tuesday, nudging the major stock indexes to record highs for the second straight day. Retailers and other companies that rely on consumer spending helped power the modest rally, which...
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FILE - In this Nov. 21, 2013, file photo, with the Empire State building in the background, the Macy's logo is illuminated on the front of the department store in New York. Macy's Inc. (M) on Thursday, Nov. 21, 2019, reported fiscal third-quarter net income of $2 million. The Cincinnati-based company said it had net income of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 7 cents per share. (AP Photo/Mark Lennihan, File)
1010 WINS Newsroom
November 21, 2019 - 5:04 pm

Macy's weak earnings reflect more trouble at malls

NEW YORK (AP) — There’s more trouble for the nation’s malls heading into the crucial holiday shopping season. A slew of mall-based clothing retailers delivered weak third-quarter earnings reports in recent days, the latest indication of shoppers’ increasing shift online and away from traditional...
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