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Articles written by Anne Dinnocenzio

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Best Buy sees growth in health care technology for elderly

NEW YORK (AP) — The nation's largest consumer electronics chain, known for selling TV sets, cellphones and laptops, is looking to health care as a big source of its future growth. Best Buy Co. said Wednesday that in five years it hopes to provide...

 

Honest Co.'s CFO shares lessons learned and his vision ahead

NEW YORK (AP) — The Honest Company, known for its eco-friendly diapers, wipes and cleaning products, is back on the upswing after a series of stumbling blocks. The digital native company was founded by actress Jessica Alba in 2012. It attained...

 

Once a retail shrine , flagship stores lose their shine

NEW YORK (AP) — It used to be considered the retailer's crown jewel — a large format store on a swank corridor that showed off the best of what a brand had to offer. But now the so-called flagship store is disappearing from high-profile shopping...

 

Retail rivals crash Amazon's Prime Day party

NEW YORK (AP) — The gravitational pull of Amazon Prime Day is so strong on shoppers it's benefiting other retailers as well, according to an early analysis from a key data group. On Monday, the first day of its 48-hour sales event, large...

 

Threat of Mexican tariffs, US companies in the crossfire

The surprise announcement by President Donald Trump of an escalating tariff regime against Mexico is sending ripples through almost every economic sector in the U.S., hammering American companies that sell automobiles or run railroads, grow...

 

Humbug holidays: US retail sales drop 1.2 pct in December

WASHINGTON (AP) — U.S. retail sales fell in December, posting the biggest drop since September 2009 and delivering more evidence that last year's holiday sales fizzled unexpectedly. Even e-commerce suffered a big setback. The Commerce Department...

 

Payless ShoeSource to shutter all of its remaining US stores

NEW YORK (AP) — Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. The Topeka, Kansas-based chain said...

 

Shoppers spend freely heading into the holidays

NEW YORK (AP) — Shoppers are spending freely heading into the holidays, but heavy investments and incentives like free shipping by retailers are giving Wall Street pause. Target Inc., Kohl's Corp., Best Buy Co. and TJX Cos. all reported strong...

 

Tech firm: Holiday spending up 9.2 percent so far

NEW YORK (AP) — A payment technology firm says that holiday spending is surging in the days before Christmas. First Data said Friday that overall spending, excluding gas, rose 9.2 percent from Nov. 1 through Monday, outpacing the 3.7 percent pace...

 

Holiday shopping: Desire for deals, but some impulse buying

NEW YORK (AP) — As shoppers have bought TVs and toys so far this holiday season, they've shown a desire for deals but also an inclination for some impulse spending, retail experts say. Shoppers were on track to spend more compared to last year....

 

Target joins other retailers in offering voice shopping

NEW YORK (AP) — Target is jumping into voice-activated shopping as it deepens its relationship with Google, offering thousands of items found in the store except for perishables like fruit and milk. The move is happening as Google says shopping...

 

Zzzzzz: Sleep gadgets adjust if you're restless _ or snoring

NEW YORK (AP) — Pillows that track your snoozing patterns? A bed that adjusts based on how much you twist and turn? Companies are adding more technology into their products, hoping to lure customers craving a better night's sleep. Some specialized...

 

Amazon aiming to be the dressing room in your house

NEW YORK (AP) — Amazon is hoping to claim more territory once held by department stores, essentially placing a dressing room in your house. The company, which has been making a big push into selling clothes, is testing a new service that lets...

 

Can Amazon persuade enough people to buy fresh food online?

NEW YORK (AP) — Can Amazon, the company that persuaded people to buy ever more items online, win enough of them over to having their fresh groceries arrive in an Amazon box? Going full throttle into groceries by announcing a $13.7 billion deal for...

 

Amazon offers Prime discount to those on government benefits

NEW YORK (AP) — Amazon is making a play for low-income shoppers. The online leader is offering a discount on its pay-by-month Prime membership for people who receive government assistance. The move, announced Tuesday, is seen by some analysts as...

 

Wal-Mart works to close gap between itself and Amazon

HOBOKEN, N.J. (AP) — Even after an online spending spree, it may be hard for Wal-Mart to escape the Amazon in the room. Wal-Mart's acquisition of Jet.com and brands that appeal to younger shoppers have given it an e-commerce boost as it works to...

 

Wal-Mart plans to slow new store openings, invest in online

NEW YORK (AP, Oct. 6, 2016) — Wal-Mart Stores Inc. is planning to slow new store openings as it looks to pour more money into its online efforts, technology and store remodels. Wal-Mart closed on its more than $3 billion buyout of the fast online...

 

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