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Gap names Rebekka Bay as head of global design

Submitted by Fox First at Ten on September 17th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - Gap Inc. has tapped Rebekka Bay as creative director and executive vice president for global design, effective Oct. 1. Bay, who developed and launched the COS brand at the Swedish fast-fashion retail chain H&M, will be responsible for

India central bank cuts cash reserve ratio

Submitted by Fox First at Ten on September 17th

By NIRMALA GEORGEAssociated Press NEW DELHI (AP) - India's central bank Monday cut the cash reserve ratio as it tries to kick-start flagging growth and welcomed government efforts to open Asia's third-largest economy to more foreign investment. The Reserve Bank of India said the share

News Summary: Gas, cars push up US retail sales

Submitted by Fox First at Ten on September 14th

By The Associated Press HIGHER SALES: U.S. retail sales rose in August from July, mostly because consumers paid higher gas prices and bought more cars and trucks. Retail sales increased a seasonally adjusted 0.9 percent, the Commerce Department said Friday. OTHER SALES TEPID: Outside autos and

Rising gas prices crimp Americans' spending

Submitted by Fox First at Ten on September 14th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - Higher gas prices are crimping consumer spending and slowing the already-weak U.S. economy. And they could get worse in the coming months. The Federal Reserve this week took steps to boost economic growth. But those stimulus

US business stockpiles grew 0.8 pct. in July

Submitted by Fox First at Ten on September 14th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - U.S. companies restocked their shelves in July at the fastest pace since January while their sales increased. The combination could boost economic growth. The Commerce Department said Friday that business inventories grew 0.8

Gas prices, cars push US retail sales up 0.9 pct.

Submitted by Fox First at Ten on September 14th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - U.S. retail sales rose in August from July because consumers paid higher gas prices and bought more cars and trucks. They were more cautious elsewhere, suggesting the weak economy has made many selective about spending. Retail sales

SEC ends one investigation into Avon Products

Submitted by Fox First at Ten on September 14th

By MAE ANDERSONAP Retail Writer NEW YORK (AP) - Avon Products Inc.'s legal woes may finally be on the wane. The direct-beauty product seller said in a regulatory filing late Thursday that the Securities and Exchange Commission has decided it won't recommend any action against the

Gas prices, cars push US retail sales up 0.9 pct.

Submitted by Fox First at Ten on September 14th

Ahead of the Bell: New Apple iPhone

Submitted by Fox First at Ten on September 14th

NEW YORK (AP) - Advance orders for the new iPhone begin Friday. The phones won't be shipped or available for pickup until next Friday, though. It's initially available in the U.S. and eight other countries. In the U.S., it will be available through Apple's online and retail stores, AT

Home Depot closing last 7 China big box outlets

Submitted by Fox First at Ten on September 14th

BEIJING (AP) - Home Depot Inc., the U.S.-based home improvement retailer, said Friday it will close its remaining seven big box outlets in China and focus on Internet-based sales and specialty stores. Sellers of furniture, paint and other home-improvement products in China have been hurt by an