Anne D’Innocenzio

Business, Logistics

Walmart, Target Begin Holiday Early to Ease Inflation Sting

Target People shop at a Target store in Clifton, N.J. (Associated Press Photo/Ted Shaffrey, File)

NEW YORK — Walmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to ease the potential sting of holiday shopping.

Anne D’Innocenzio | Associated Press
September 22, 2022

Target Takes a Hit After Heavy Discounts to Clear Inventory

Target store Target Corp.

NEW YORK — Target reported solid sales for the fiscal second quarter but its profit plunged nearly 90% after it was forced to slash prices to clear unwanted inventories of clothing, home goods and electronics.

Anne D’Innocenzio | Associated Press
August 17, 2022
Business, Private

Walmart Tops Q2 Expectations as Americans Continue Spending

Walmart store Gene J. Puskar/Associated Press

NEW YORK — Walmart reported better-than-expected second-quarter results as more Americans looked to cut costs on groceries at the nation’s largest retailer in the face of surging inflation.

Anne D’Innocenzio | Associated Press
August 16, 2022
Business, Private

Walmart Profit Drags as Inflation Takes a Bite

Walmart A Walmart truck on the road. (John Sommers II for Transport Topics)

NEW YORK — Walmart reported stronger sales for the first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain.

Anne D’Innocenzio | Associated Press
May 17, 2022

Lowe’s Posts Strong Q4 Results on Strong Housing Market

Lowe's carts Scott Eells/Bloomberg News

NEW YORK — Lowe’s Cos., the nation’s second-largest home improvement chain behind Home Depot, offered an upbeat annual outlook after reporting strong fiscal fourth-quarter results that showed a still sizzling housing market.

Anne D’Innocenzio | Associated Press
February 23, 2022
Government, Business, Safety

January Retail Sales Surged 3.8% as Threat of Omicron Faded

Retail David Paul Morris/Bloomberg News

NEW YORK — Americans picked up the pace of spending in January as the threat of omicron faded and there was some easing of supply shortages.

Anne D’Innocenzio | Associated Press
February 16, 2022
Business, Technology, Logistics, Top 100

Amazon Heads to the Mall With Prototype Clothing Store

How clothing could be displayed at the company's new Amazon Style store concept. How Amazon envisions clothing could be displayed at the company's new Amazon Style store concept. (Greg Montijo/Amazon via Associated Press)

Amazon .com Inc. plans to open a clothing store in a Southern California mall later this year, marking the latest foray into brick-and-mortar for the online retailing giant, which already sells more than 10% of all clothes in the U.S.

Anne D’Innocenzio | Associated Press
January 20, 2022
Business, Logistics

December Retail Sales Slip After Record Holiday Season

Shoppers walk through a New York City Macy's in November 2021. Shoppers walk through a New York City Macy's in November 2021. (Brittainy Newman/Associated Press)

NEW YORK — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Jan. 14 show that after spending robustly early in the holiday season, consumers sharply slowed their purchases from November to December.

Anne D’Innocenzio | Associated Press
January 14, 2022
Government, Business

Amazon Settles With NLRB to Give Workers Power to Organize

alabama Amazon warehouse A banner encourages workers to vote in labor balloting at an Amazon warehouse in Bessemer, Ala., on March 31. (Saul Martinez/Getty Images via Bloomberg News)

NEW YORK — Amazon, under pressure to improve worker rights, has reached a settlement with the National Labor Relations Board to allow its workers to freely organize — and without retaliation.

Anne D’Innocenzio | Associated Press
December 23, 2021
Government, Business, Fuel

Resilient Shoppers Push Retail Sales Up 0.7% in September

diesel pump Sales at gas stations rose 1.8%. (Thinkstock)

NEW YORK — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods.

Anne D’Innocenzio | Associated Press
October 15, 2021