Retail industry

Cars are parked in an auto dealer lot Wednesday, April 15, 2020, in Green Park, Mo. U.S. retail sales recorded a record drop in March, with auto sales down 25.6%, as the coronavirus outbreak closed down thousands of stores and shoppers stayed home. (AP Photo/Jeff Roberson)
1010 WINS Newsroom
April 15, 2020 - 5:32 pm
WASHINGTON (AP) — Evidence of the coronavirus' devastating impact on the U.S. economy has been steadily emerging, and the signs have grown ominous. Sales at stores and restaurants plunged in March by the largest amount on records dating back to 1992. The nation's industrial output fell by the...
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FILE - In this Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, April 15, 2020. (AP Photo/Steven Senne, File)
1010 WINS Newsroom
April 15, 2020 - 12:11 pm
NEW YORK (AP) — The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic. JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Goldman Sachs raised the funds set aside for bad loans by...
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In this Thursday, March 19, 2020, photo, a pedestrian walks past a storefront for rent on Madison Avenue, in New York. Long before there was a global pandemic, brick-and-mortar retailers struggled to resonate as shoppers increasingly made their purchases online. Now, they're faced with an even more daunting task of staying on people's minds and pocketbooks in the midst of the new coronavirus. (AP Photo/Mary Altaffer)
1010 WINS Newsroom
April 15, 2020 - 9:48 am
WASHINGTON (AP) — U.S. retail sales plummeted 8.7% in March, an unprecedented decline, as the viral outbreak forced an almost complete lockdown of commerce nationwide. The deterioration of sales far outpaced the previous record decline of 3.9% that took place during the depths of the Great...
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An Indian women looks out from a closed temple gate during lockdown to prevent the spread of new coronavirus in Hyderabad, India, Tuesday, April 14, 2020. Indian Prime Minister Narendra Modi on Tuesday extended the world's largest coronavirus lockdown to head off the epidemic's peak, with officials racing to make up for lost time. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Mahesh Kumar A.)
1010 WINS Newsroom
April 14, 2020 - 4:47 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus. ________________________ GLOBAL MALAISE: Economists are trying to put into context the...
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1010 WINS Newsroom
April 13, 2020 - 1:58 pm
DENVER (AP) — Colorado has made online sales of recreational marijuana legal during the coronavirus pandemic, fulfilling one of the pot industry's biggest wishes and fueling its argument for more concessions that could be made permanent when the crisis eases. It's one of several signs emerging from...
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1010 WINS Newsroom
April 12, 2020 - 12:28 pm
NEW YORK (AP) — One of the world's most famous independent booksellers, City Lights Bookstore in San Francisco, was in dire financial shape because of the coronavirus outbreak and asked for help. Help quickly arrived. Within days of starting a GoFundMe campaign last week seeking $300,000, the store...
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Monica Mileur packs grocery items into a box at Union Loafers restaurant Friday, April 10, 2020, in St. Louis. Some restaurants have turned to selling groceries and other provisions to customers as a way to help make up for revenue lost during the coronavirus outbreak. (AP Photo/Jeff Roberson)
1010 WINS Newsroom
April 12, 2020 - 12:05 pm
O'FALLON, Mo. (AP) — Charlene Gulliford at the Gandy Dancer never figured there would come a day when the Michigan restaurant known for its steaks and seafood would sell toilet paper and cartons of eggs, but the coronavirus has restaurants in survival mode. The popular restaurant in Ann Arbor now...
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In this April 9, 2020, photo, amid concerns of the spread of COVID-19, Dallas ISD police officers Mylon Taylor, left, and Gary Pierre push a car that ran out of gas while waiting in line for the weekly school meal pick up for students in Dallas. The coronavirus pandemic that has crippled big-box retailers and mom and pop shops worldwide may be making a dent in illicit business, too. (AP Photo/LM Otero)
1010 WINS Newsroom
April 11, 2020 - 10:37 am
CHICAGO (AP) — The coronavirus pandemic that has crippled big-box retailers and mom and pop shops worldwide may be making a dent in illicit business, too. In Chicago, one of America’s most violent cities, drug arrests have plummeted 42% in the weeks since the city shut down, compared with the same...
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This undated photo provided by Georgia-Pacific shows the production line at the Georgia-Pacific plant in Atlanta. NCSolutions, a data and consulting firm, said online and in-store U.S. toilet paper sales rose 51% between Feb. 24, 2020 and March 10, as buyers started getting uneasy about the growing number of coronavirus cases. (Georgia-Pacific via AP)
1010 WINS Newsroom
April 09, 2020 - 12:04 pm
What does toilet paper have to do with a global pandemic? Nothing. Yet millions of people have been panicking about their household supply. Store shelves have been emptied. Amazon is often out of stock. And social media is bursting with jokes and pleas for a roll or two. The good news: Things are...
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In this Tuesday, April 7, 2020 photo, a delivery truck leaves after dropping off alcohol to a home in Dubai, United Arab Emirates. Dubai’s two major alcohol distributors have partnered to offer home delivery of beer, spirits and wine as the new coronavirus now threatens a crucial source of tax and general revenue for the rulers of this Islamic city-state. The decision marks yet another loosening of social mores in the skyscraper-studded desert metropolis. (AP Photo/Jon Gambrell)
1010 WINS Newsroom
April 09, 2020 - 2:05 am
DUBAI, United Arab Emirates (AP) — The Champagne corks no longer pop at Dubai's infamous alcohol-soaked brunches. The blaring flat-screen televisions stand silent in the sheikhdom's sports bars. And the city-state's pubs have shrink-wrapped their now-idle beer taps. This skyscraper-studded desert...
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