Tensions incurred by the trade war have loomed as a potential risk for markets for more than two years.
American retailers like Target, Macy's and Walmart have coincided special promotions with Amazon's Prime Day. While their deals on merchandise vary, the pitch is the same: no membership fee required.
Target, Best Buy and Gap almost quadrupled their combined spending on lobbying in Washington as they work to defeat a corporate-tax proposal that some have said threatens their industry.
The meeting will include CEOS from Target, Gap and J.C. Penney, according to those familiar with attendees.
More than 100 companies including LVMH, Nike and Target, as well as the National Retail Federation, are launching a new coalition to fight a Republican Party proposal on how imports to the US get taxed.
Retail stocks rallied on Friday after Ross Stores Inc., Abercrombie & Fitch Co. and Foot Locker Inc. reported better-than-expected sales, giving a boost to an industry that’s been battered in recent weeks.
Best Buy Co. will start selling the Apple Watch next month, becoming the first national retail chain to offer the device beside Apple Inc itself.
Early holiday promotions and rising online shopping took a toll on in-store U.S. sales during the Thanksgiving weekend as shoppers on average spent 6.4 percent less than they did a year earlier.