Retail

Retail

J.C. Penney posts bigger-than-expected loss

NEW YORK (AP) — J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street's view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent.

Walmart sees sales rise at stores and online

NEW YORK (AP) — Walmart raised its financial outlook for the year after beating Wall Street's expectations for its fiscal second quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares surged 10 percent before the opening bell Thursday.

Safe maker closing 2 Chicago-area factories, moving to Mexico to counteract tariffs

CHICAGO (AP) — A storage-safe manufacturer is closing two Chicago-area factories and moving operations to Mexico to counteract the effects of metal tariffs imposed by President Donald Trump's administration.

The Chicago Tribune reported that Stack-on Products will lay off about 150 people at its Wauconda and McHenry plants when they close Oct. 12.

Entertainment listings, Aug. 16-23, 2018

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142ND FAIRBURY FAIR

Macy's investors not buying its sales rebound

NEW YORK (AP) — Macy's raised its annual profit forecast as the department store reported an unexpected increase in a key sales measure.

The Cincinnati department store chain has now reported its third straight quarter of higher sales at existing stores after a three-year slump.

But shares tumbled in early morning trading as investors worried about the slowdown in the momentum.

Retail sales rose at 0.5% annual rate in July

WASHINGTON (AP) — Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that consumers are helping drive robust economic growth.

Coca-Cola buys stake in sports-drink maker BodyArmor

NEW YORK (AP) — Coca-Cola is buying a minority ownership stake in sports-drink maker BodyArmor for an undisclosed amount, marking the latest move by the world's biggest beverage maker to diversify its offerings.

Home Depot roars back in second quarter

ATLANTA (AP) — Home Depot handily beat expectations during the second quarter, bouncing back from a slow start to the year when terrible weather cooled construction projects. The world's biggest home improvement retailer boosted its full-year profit and revenue forecasts Tuesday.

Female former employees sue Nike over equal-pay, sexual-harassmant issues

PORTLAND, Ore. (AP) — Four women who used to work for Nike filed a federal lawsuit alleging the company violated state and U.S. equal-pay laws and fostered a work environment that allowed sexual harassment.

Shoe Sensation re-opens in larger space at Danville's Village Mall

DANVILLE — Shoe Sensation has re-opened at a new, bigger location in the Village Mall.

The shoe store, which had been in a smaller space in the mall at 2917 N. Vermilion St. for years, held a grand-re-opening ceremony Friday with officials from Vermilion Advantage at its new location in the Slumberland wing.