Retail

At least one tornado impacted areas in Ohio, tearing through the rural community of Tipp City and its retail distribution center. Thousands were left without power.

Prices for online goods remain elevated. However, price increases have been slowing month over month, according to a new report from Adobe Analytics.

Grocers are asking certain brands and suppliers to prove why higher prices are necessary as inflation causes consumers to change their spending habits.

Amazon said in a new report that it blocked 4 billion counterfeit listings from being posted last year, and that it got rid of more than 3 million phony products.

Here are the key events taking place on Wednesday that could impact trading including the DOE's inventory, U.S. trade gap and retail news.

The European Commission has called for Apple to change its iPhone connectors in iPhones sold in Europe by 2024 in an effort to make life easier for consumers.

Target, which is facing excess inventory in several categories, said it's planning serval actions during the second quarter to "right-size its inventory for the balance of the year." 

Reports of forced monkey labor has driven Walmart to drop a major coconut milk brand.

Wendy's announced Monday that a new Strawberry Frosty would be available this summer for a limited time, the first new Frosty flavor to be introduced since 2019.

Kohl's has entered exclusive talks with retail store operator Franchise Group over a proposed deal to buy the department store chain for $60 per share.

The out-of-stock rate for baby formula continues to rise as companies, including Abbott Nutrition, work to get the critical product in the hands of parents across the nation.

Dave Clarke, Amazon's CEO of Worldwide Consumer, is stepping down July 1 after 23 years with the company. “I'm confident the time is now,” said Clark, who released a company email on Twitter.

Apple is reportedly planning to improve work schedules for its retail workers, with changes to shifts and days off slated to roll out in a matter of months.

Walmart's new high-tech facilities will leverage robotics, machine learning and more than 4,000 supply chain associates to provide 75% of the U.S. with next- and two-day shipping on millions of items.

Companies are starting to throw out promotions in order to combat the excess inventory giving some cash-strapped Americans some relief

"As a global business, we periodically evaluate our offerings and make adjustments wherever we operate," an Amazon spokesperson told FOX Business.