Macy's to close 125 stores, shed 2,000 corporate jobs

NEW YORK (AP) — Macy's says it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping....

$154.7 million bet on Super Bowl at Nevada sports books

ATLANTIC CITY, N.J. (AP) — Gamblers in Nevada wagered $154.7 million on this year's Super Bowl, an increase from last year but still below the high set in 2018. The Nevada Gaming Con...

Virus blocks 3 Chinese brands from Milan Fashion Week

MILAN (AP) — Italian fashion officials on Tuesday forecast a nearly 2% drop in first-half revenues due to the virus emerging from China, which also is preventing three Chinese fashi...

Ralph Lauren, seeing more price stability, roars in 3Q

NEW YORK (AP) — Profits at Ralph Lauren soared in the third quarter and the high-end retailer topped almost all expectations on Wall Street by any metric. Profit jumped from $120 mi...

Clock is ticking for companies that depend on China imports

WASHINGTON (AP) — For companies bracing for losses from China’s viral outbreak, the damage has so far been delayed, thanks to a stroke of timing: The outbreak hit just when Chinese factories and many ...

Super Bowl betting brings big business to sports books

ATLANTIC CITY, N.J. (AP) — Business was brisk at sports books around the country on Super Bowl Sunday, with customers risking money on everything from the coin toss at the start of the game, to the co...

Jeff Bezos sued by girlfriend's brother for defamation

NEW YORK (AP) — Michael Sanchez, the brother of Jeff Bezos's girlfriend, is suing the Amazon founder for defamation, alleging that Bezos and his team falsely told reporters that Sanchez provided nude ...

North Carolina-based Earth Fare to close its stores

ASHEVILLE, N.C. (AP) — Organic grocery chain Earth Fare says it is closing all of its stores, saying it can't refinance its debt and it faces sales challenges. The Asheville, North C...

Trump order seeks to reduce online sales of counterfeits

NEW YORK (AP) — President Donald Trump signed an executive order Friday that his administration hopes will cut down on the number of counterfeits sold online. Peter Navarro, directo...

Amazon is big ... really, really big; workforce hits 500K

NEW YORK (AP) — Need more proof that Amazon is big? It came this week. Amazon's U.S. workforce topped 500,000 for the first time, up 43% from the year before and more than triple wh...

Hong Kong citizens queue for facial masks in frigid temperatures

TAIPEI (Taiwan News) — People in Hong Kong are desperate for facial masks amid fears of a worsening novel coronavirus (2019-nCoV) outbreak in the city. With the confirmed number of 2019-nCoV ...

Amazon says it has more than 150 million Prime members

NEW YORK (AP) — It was another prime Christmas for Amazon. The online retailer said Thursday it now has more than 150 million Prime members, who pay $119 a year for faster shipping a...

Drinkers want fizz, low carbs, and Super Bowl ads reflect it

DETROIT (AP) — When Americans crack open a cold one during Sunday's Super Bowl, it might not be a traditional domestic beer. Sales of classic beers like Bud Light have been dropping ...

Old Bay hot sauce with 'Chesapeake flavor' has fiery debut

BALTIMORE (AP) — A new product from a famous Baltimore-based seasoning company made a sizzling debut on Wednesday when it sold out within an hour of being released. The Old Bay websi...

Low-cost fashion brand H&M sees full-year sales up by 11%

COPENHAGEN, Denmark (AP) — Swedish low-cost fashion brand Hennes & Mauritz AB says its net sales have increased by 11% to 232.7 billion kronor ($24.2 billion) last year “in an ever-changing fashio...