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Tag Archives: retailers

Business inventories up 0.1 percent in June

WASHINGTON — U.S. companies barely increased their stockpiles in June from May, and sales plunged by the largest amount in more than three years. Business inventories edged up a slight 0.1 percent in June after a 0.3 percent gain in ...

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Higher retail spending lifts hopes for economy

WASHINGTON — Americans increased their retail spending in July by the most in five months, opening their wallets after a frugal spring and offering hope that the slumping economy may rebound in the second half of the year. Retail spending ...

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Clearances, heat lured shoppers to spend in July

NEW YORK — Shoppers showed some spending muscle in July, once summer clearance sales and the hottest July in 50 years got them in the mood. Solid sales reports from retailers Thursday took some of the sting out of weak ...

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Wholesale stockpiles grew in May but sales fell

WASHINGTON — U.S. wholesale companies added modestly to their stockpiles in May. But sales at the wholesale level dropped by the largest amount in three years, a troubling sign for future growth. The Commerce Department said Wednesday that wholesale stockpiles ...

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Retailers accuse Pfizer of delaying generic drugs

TRENTON, N.J. — Five large drug and grocery chains are suing Pfizer Inc. and a second drugmaker, alleging they conspired to delay sales of cheap generic versions of the blockbuster cholesterol drug Lipitor. Lipitor, the world’s top-selling drug ever, had ...

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Jobless aid applications fall to 6-week low

WASHINGTON — Fewer people applied for U.S. unemployment benefits last week, and a private survey showed hiring picked up in June. The reports offered some hope for the job market after three sluggish months of hiring. Weekly unemployment benefit applications ...

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Md. proposes baby bumper pad ban next year

ANNAPOLIS — Maryland’s health department on Friday officially proposed the first statewide ban on the sale of crib bumper pads in cribs to begin next year. The proposed ban would start June 21, 2013. The department started investigating the risks ...

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Shoppers cautiously pushed up spending in May

NEW YORK — Americans are spending, but they may not be for long. Some major retailers such as Target and Macy’s on Thursday posted May sales increases that beat Wall Street estimates as shoppers were lured in by Mother’s Day ...

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