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Anne D’innocenzio

Anne D’innocenzio

Retail Reporter/National Retail Writer/Writer at Associated Press Online

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Location
United States
Languages
  • English
Covering topics
  • Commerce

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Recent Articles

apnews.com

Retail sales flat in September as inflation takes a bite

NEW YORK (AP) — The pace of sales at U.S. retailers was unchanged in September from August as rising prices for rent and food chipped away at money available for other things. Retail sales were flat last month, down from a revised 0.4% growth in August, the Commerce Department reported Friday.
apnews.com

Century-old nonprofit Goodwill on taking thrifting online

NEW YORK (AP) — Goodwill is expanding its online presence, promising high tech features from digitized receipts to personalized alerts. The 120-year-old Maryland-based nonprofit organization this month launched GoodwillFinds, a shopping venture that is making roughly 100,000 donated items available…
apnews.com

Walmart to cover fertility treatments under insurance plan

NEW YORK (AP) — Walmart is teaming up with a fertility startup to offer benefits under its insurance plan that will help its workers expand their families. The nation’s largest retailer and private employer said Tuesday it’s partnering with New York-based Kindbody to offer benefits such as in vitro…
apnews.com

Activist investor pushes for removal of Kohl’s chairman, CEO

NEW YORK (AP) — Activist investor Ancora Holdings Group is pushing for the removal of both the chairman and the chief executive officer at Kohl’s for what it calls a botched strategy and dramatic sales declines.
apnews.com

Walmart takes a cautious approach to holiday hiring

NEW YORK (AP) — Walmart is taking a cautious approach to the holiday shopping season, announcing it will hire 40,000 U.S. workers for the holidays, a majority of them seasonal workers. The move, announced Wednesday, comes as the nation’s largest retailer and largest private employer said it’s in a s…
apnews.com

Retail sales up 0.3% in Aug. from July amid inflation

NEW YORK (AP) — Americans picked up their spending a bit in August from July even as surging inflation on household necessities like rent and food took a toll on family budgets. U.S. retail sales rose an unexpected 0.3% last month after falling 0.4% in July, the Commerce Department said Thursday.
apnews.com

Doggone inflation takes a bite out of Chewy’s 2Q sales

NEW YORK (AP) — Online pet retailer Chewy Inc. on Tuesday reported a sales shortfall for its fiscal second quarter, a sign that even spending on dog treats and other pet accessories has fallen victim to inflation.
apnews.com

Walmart seeks to dismiss lawsuit by FTC over money transfers

NEW YORK (AP) — Walmart filed a motion on Monday to dismiss a Federal Trade Commission lawsuit that accuses the nation’s largest retailer of allowing its money-transfer services to be used by scam artists.
apnews.com

Best Buy cuts sales forecast as inflation tempers spending

NEW YORK (AP) — Best Buy, the nation’s largest consumer electronics chain, cut its annual sales and profit forecast Wednesday, citing surging inflation that has dampened consumer spending on gadgets.
apnews.com

China Evergrande CEO, CFO resign amid probe into subsidiary

NEW YORK (AP) — Struggling Chinese real estate developer China Evergrande has announced that its chief executive and chief financial officer have resigned after initial findings in a probe found $2 billion belonging to its property unit subsidiary was redirected back to the group.
apnews.com

FTC sues Walmart for scammers’ use of money transfer unit

NEW YORK (AP) — The Federal Trade Commission said Tuesday that it has sued Walmart for allegedly allowing its money transfer services to be used by scam artists who stole “hundreds of millions of dollars” from customers.
apnews.com

T-shirts? Ice cream? Retailers cash in on Juneteenth

NEW YORK (AP) — Retailers and marketers have been quick to commemorate Juneteenth with an avalanche of merchandise from ice cream to T-shirts to party cups. But many are getting backlash on social media for what critics say undermines the day, designated as a federal holiday last year to honor the…
apnews.com

Mastercard SpendingPulse: Back-to-school sales to be up 7.5%

NEW YORK (AP) — The 2022 back-to-school shopping season should enjoy strong sales increases from a year ago, fueled by a heavy demand for trendy fashion, though the growth won’t be as robust as last year when business was rebounding from pandemic-related virtual schooling.
apnews.com

Air travelers face cancellations over Memorial Day weekend

NEW YORK (AP) — Airline travelers are not only facing sticker shock this Memorial Day weekend , the kickoff to the summer travel season.
apnews.com

Macy’s raises annual profit outlook on strong Q1 results

NEW YORK (AP) — Shoppers’ return to occasion dressing helped to power Macy’s fiscal first-quarter results, and the department store chain raised its annual earnings outlook even as surging inflation is crimping Americans’ budgets.
apnews.com

Kohl’s cuts annual forecast, as it gets stung with inflation

NEW YORK (AP) — Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation. The reduction, announced Thursday, came as it reported fiscal first-quarter results that came below analysts’ expectations.
apnews.com

Target workers at a Virginia store withdraw union petition

NEW YORK (AP) — Workers at a Target store in Christiansburg, Virginia, have withdrawn their request with federal labor regulators for a union election. Such an election would have joined a wave of union organizing across the country at other retailers from Amazon to Starbucks.
apnews.com

Retail sales rise 0.5% in March amid soaring inflation

NEW YORK (AP) — Retail sales rose modestly in March, but higher prices for food, gasoline and other basics took a big share of consumers’ wallets. Retail sales increased 0.5% after registering a revised 0.8% increase from January to February, reported the U.S.
apnews.com

Baker Hughes joins oil rivals in pausing Russian operations

NEW YORK (AP) — Baker Hughes, a major U.S. oil services company, added its name Saturday to the growing list of U.S. companies that are pulling back from Russia in response to Moscow’s war against Ukraine.
apnews.com

Russian businesses in US face backlash from war in Ukraine

NEW YORK (AP) — They’re pouring out vodka, boycotting Russian restaurants and even leaving threatening voicemail messages at Russian businesses. Angered by the deadly violence and the humanitarian crisis resulting from Russia’s war on Ukraine, some Americans are taking it out on Russian businesses a…
apnews.com

US retail spending slows as inflation starts to bite

NEW YORK (AP) — After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their wallet.