Retail industry

A child wearing a face mask to prevent the spread of the new coronavirus looks at soap bubbles at a park in Seoul, South Korea, Saturday, June 20, 2020. (AP Photo/Lee Jin-man)
1010 WINS Newsroom
June 20, 2020 - 8:00 am
SEOUL, South Korea (AP) — South Korea reported 67 new cases of the coronavirus on Saturday, the largest daily jump in about three weeks amid an upward trend in new infections. Health authorities said 31 of the new cases came from overseas while the rest were locally infected. It was the largest...
Read More
FILE - In this March 14 2020 file photo, Apple employees work inside a closed Apple store in Miami. Apple is temporarily closing 11 stores in Arizona, Florida, North Carolina and South Carolina just few weeks after reopening them in hopes that consumers would be able to shop in them without raising the risk of infecting them or company workers with the novel coronavirus that caused COVID-19. (AP Photo/Lynne Sladky, File)
1010 WINS Newsroom
June 19, 2020 - 5:47 pm
Apple's Friday decision to close stores in four states with surging coronavirus cases highlights a question that other businesses may soon face: Stay open or prepare for more shutdowns? Apple, like many other major U.S. retailers, shut down all of its U.S. locations in March. On Friday, it said it...
Read More
FILE - In this June 16, 2020, file photo, a lone visitor enjoys the swing ride at the Yomiuriland amusement park in Tokyo,. Japan’s economy is opening cautiously, with social-distancing restrictions amid the coronavirus pandemic. (AP Photo/Eugene Hoshiko, File)
1010 WINS Newsroom
June 19, 2020 - 7:59 am
TOKYO (AP) — The roller coasters are back running in Tokyo but with requests to not scream. Restaurants are offering more take-out and outdoor seating. Major retailer Uniqlo’s new “cool and dry” mask, three for 990 yen ($9), sold out Friday shortly after it was put on the shelves. Japan’s economy...
Read More
Xu Lei, head of JD Retail, second from left, sounds the gong to mark the listing of JD.com on the Hong Kong Stock Exchange at the JD.com headquarters in Beijing on Thursday, June 18, 2020. Chinese e-commerce firm JD.com's stock jumped nearly 6% on its debut in Hong Kong on Thursday after the firm raised $3.9 billion in a share sale. (AP Photo/Ng Han Guan)
1010 WINS Newsroom
June 18, 2020 - 11:21 pm
HONG KONG (AP) — JD.com's annual “618” online shopping extravaganza racked up a total of 269.2 billion yuan ($38 billion) worth of transactions, as consumers splurged during China's first major e-commerce sale since the pandemic began. This year's tally was 33% higher than last year's 201.5 billion...
Read More
FILE - In this May 7, 2020 file photo a woman sitting on a stoop reading a book in the sun is seen reflected by a closed clothing store's window on West Broadway in the SoHo neighborhood of the Manhattan borough in New York. U.S. retail sales likely recovered somewhat in May as the economy increasingly reopened from closures caused by the coronavirus and more shoppers felt confident enough to spend. The Commerce Department is expected to report Tuesday, June 16, 2020 that retail purchases climbed 9% from April to May, according to economists surveyed by the data provider FactSet. (AP Photo/Mary Altaffer, file)
1010 WINS Newsroom
June 16, 2020 - 11:16 am
BALTIMORE (AP) — U.S. retail sales jumped by a record 17.7% from April to May, with spending partially rebounding after the coronavirus had shut down businesses, flattened the economy and paralyzed consumers during the previous two months. The government’s report Tuesday showed that retail sales...
Read More
A store worker wearing a mask to protect against the coronavirus, as she prepares the sale room ahead of the reopening of the non-essential business on upcoming Monday, in London, Friday June 12, 2020. Some of the COVID-19 lockdown measures are being eased from upcoming Monday June 15. The British economy shrank by a colossal 20.4% in April, the first full month that the country was in its coronavirus lockdown, official figures showed Friday.(AP Photo/Alberto Pezzali)
1010 WINS Newsroom
June 12, 2020 - 6:12 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ EARNINGS RESULTS: — Party City's first-quarter sales...
Read More
Manager Angel Ramos arranges shoes on a display in Top shoes, Monday, June 8, 2020, in the Brooklyn borough of New York, after retail stores were allowed to reopen to customers on the first day marking Phase 1 reopening for New York City. In a city famous for its lack of patience, some businesses have jumped ahead on what's supposed to be a slow and methodical emergence from coronavirus lockdown. (AP Photo/Kathy Willens)
1010 WINS Newsroom
June 11, 2020 - 7:47 am
NEW YORK (AP) — In a city famous for its lack of patience, some businesses have jumped ahead on what's supposed to be a slow and methodical emergence from coronavirus lockdown. Stores in parts of the New York City have already started to allow customers inside to shop, even though the phased...
Read More
FILE - This Feb. 16, 2010 file photo shows the headquarters of the Simon Property Group in downtown Indianapolis. Simon Properties said Wednesday, June 10, 2020, that it is pulling out of its $3.6 billion to buy rival Taubman, citing the coronavirus pandemic which has forced many malls to temporarily close their doors. It is the second major retail deal to fall apart due to the pandemic. (Danese Kenon/The Indianapolis Star via AP, File)
1010 WINS Newsroom
June 10, 2020 - 2:51 pm
NEW YORK (AP) — The nation’s largest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail industry. Simon Property Group announced it would buy Taubman in early February, just weeks before the Centers for Disease Control and Prevention...
Read More
FILE - In this May 21, 2020 file photo, patrons to a Starbucks in the Chicago neighborhood of Hyde Park walk past stacked chairs and tables. Starbucks says that the COVID-19 pandemic caused an approximately $3 billion to $3.2 billion decline in its third-quarter consolidated revenue. The coffee chain said Wednesday, June 10, that the virus outbreak also lowered operating income by about $2 billion to $2.2. billion. (AP Photo/Charles Rex Arbogast)
1010 WINS Newsroom
June 10, 2020 - 12:48 pm
Starbucks expects to lose more than $3 billion in revenue in its fiscal third quarter due to the new coronavirus, but said the disruption to its business should subside through the rest of the year. “The Starbucks brand is resilient, customer affinity is strong and we believe the most difficult...
Read More
A woman reacts as she is sprayed with disinfectant inside a chamber as a precaution against the new coronavirus outbreak before entering a shopping mall in Jakarta, Indonesia, Tuesday, June 9, 2020. As Indonesia's overall virus caseload continues to rise, the capital city has moved to restore normalcy by lifting some restrictions this week, saying that the spread of the virus in the city of 11 million has slowed after peaking in mid-April. (AP Photo/Dita Alangkara)
1010 WINS Newsroom
June 09, 2020 - 1:29 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the national and global response, the work place and the spread of the virus. ________________________ LOSING LUSTER: The coronavirus pandemic has forced...
Read More

Pages