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PAYLESS SHOESOURCE INC., which has 18 locations within Rhode Island and Bristol County, Mass., plans to close all of its U.S. stores after again filing for bankruptcy, according to a report Thursday by Reuters./BLOOMBERG PHOTO/SCOTT EELLS

Payless ShoeSource to close all U.S. stores

PROVIDENCE — Payless ShoeSource Inc., a worldwide discount shoe retail chain, is planning to shutter all of its stores in the U.S. when the...
U.S. RETAIL SALES declined 1.2 percent from the prior month in December, according to Commerce Department figures released Thursday after a four-week delay due to the shutdown. / BLOOMBERG NEWS FILE PHOTO/DAVID PAUL MORRIS

U.S. retail sales fall most in 9 years amid stock plunge

NEW YORK - United States retail sales unexpectedly fell in December, posting the worst drop in nine years in a sign of slower economic...
SUMMER INFANT is now doing business as SUMR Brands and has shifted its brand strategy, offering three brands, "Summer," "born free" and "SwaddleMe." Above, the born free product "Zuta." / COURTESY SUMR BRANDS

Summer Infant rebrands as SUMR Brands, shifts strategy

WOONSOCKET – Summer Infant (USA)  Inc. is now doing business as SUMR Brands, the company announced earlier this month. The change in branding for the...

Lululemon to open store in Wayland Square in Providence

PROVIDENCE – Lululemon Athletica Inc., a retailer of athletic wear best known for women’s yoga pants, will open a third store in Rhode Island...
THE NATIONAL RETAIL FEDERATION expects U.S. retail sales growth to slow in 2019. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. retail sales seen slowing this year as economy cools off

NEW YORK - Retail sales growth in the United States is expected to slow down in 2019 amid cooling economic conditions, according to the National...

GoPuff begins on-demand, convenience deliveries in Providence

PROVIDENCE – Pennsylvania-based goPuff, an online convenience-retail company, has started delivery service in Providence, from noon to 4:30 a.m., seven days a week. The company...
GASOLINE PRICES CONTINUED THEIR DROP, according to AAA Northeast, as traditional seasonal lowered demand combine with increasing stocks of fuel. / COURTESY AAA NORTHEAST

Gas prices still dropping in the region

PROVIDENCE - Seasonally low demand and increasing stocks of gasoline continue to drive the price of self-serve, unleaded regular fuel down, according to AAA...
IN THE FINAL TWO months of 2018, Tiffany & Co. reported a year-over-year 1 percent decline in worldwide sales to $1.04 billion. / BLOOMBERG NEWS FILE PHOTO/VICTOR J. BLUE

Tiffany holiday sales fall short as tourists scale back spending

NEW YORK - Tiffany & Co.’s holiday performance came short of the luxury jeweler’s own expectations. The results are another sign that the Christmas season...
CVS AND WALMART have reached a deal in which Walmart will allow its stores to continue to participate in CVS’s pharmacy networks to provide prescription drugs to patients through commercial and managed Medicaid programs. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Walmart, CVS resolve public spat over prescription-drug pricing

NEW YORK - CVS Health Corp. shares climbed after the resolution of a disagreement over pricing that led Walmart Inc. to cut some ties...
SHORT SELLERS have been increasing their bets that shares of Tiffany & Co. will decline following the company's holiday sales report. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE

Tiffany investors brace for more blues as holiday report looms

NEW YORK - Et Tu, Tiffany & Co.? That’s the question that appears to be on investors’ minds as the upscale retailer gets ready to...
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