STATEWIDE – Worries about retail are being blamed for the big slide in the markets, with the Dow closing down by more than 551 points, in Wednesday’s business news.
Over the last two days, the Dow has shed nearly 1,000 points — or about 4 percent. All of the major indices are now negative for the year.
Hundreds of Gap stores may be closing for good.
The company’s CEO said Gap is looking at shutting down underperforming stores after sales fell about 7 percent in the last quarter. The Gap has about 800 stores across North America.
United States officials are accusing China of continuing to steal intellectual property and technology. The new charges are laid out in a report from the U.S. Trade Representative 10 days before President Trump is set to meet China’s leader.
Meanwhile, for those gearing up for Black Friday, experts say online tools like PriceBlink and InvisibleHand can tell shoppers if there are lower prices on the things they want.
And a site like Shop it to Me can send email alerts when prices on items on shoppers’ lists start to drop.