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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

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

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

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

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

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

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

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

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 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

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

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.