Sector Snap: Apparel retailers fall
Many retailers reported dismal same-store sales, or sales in stores open at least one year, on Thursday. The Goldman Sachs-International Council of Shopping Centers index of 37 stores said sales dropped 2.7 percent for November, making it the worst
Sales figures are in for all of November - what there was!
The US consumer is in full-scale retreat, retailers confirmed, as dire sales figures confirmed a bleak outlook for the peak shopping season.
Major retailers such as Macy?s, Abercrombie & Fitch and GAP reported sales declines of more than 10% in
Ask Plenty: What's the most eco-friendly form of wool?
Q. Despite the fact that today?s economy is totally un-purchase-friendly, it?s that time of year when all I want to do is buy cozy, soft, wooly things and curl up with a book to wait out winter. Are there any types of wools that are more sustainable or
Bernanke pleads for action on mortgages
WASHINGTON ? Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the United States deeper into recession.
Beaten-down
Retail sales fall 2.7% in November; Wal-Mart up 7.7%
Retail experts said it could have been worse. Thanks to a better-than-expected Black Friday, "the November results were terrible instead of being completely horrific," said Ken Perkins, president of research company Retail Metrics.
With so many spooked
Some companies (like Wal-Mart) thrive despite recession
While many businesses struggle during the recession, a handful of U.S. and global companies from health care giant Abbott Laboratories (ABT) to retail king Wal-Mart (WMT) are riding out the financial storm in good shape.
And executives aren't shy
Gloomy holiday ahead
NEW YORK ? Retailers who suffered through a miserable November ? despite a surge in sales the day after Thanksgiving ? are worried that the usual lull between the holiday weekend and the final days before Christmas could be dangerously quiet this year.
Retailers limp into December :Most major store chains post pitiful November
...reported a bigger-than expected sales decline. And most mall-based chains and department stores such as teen stalwart Abercrombie & Fitch Co., Kohl's Corp. and Macy's Inc. fared much worse, reporting percentage declines of over 10 percent. "It's an awful...
New risks with gift cards, advice for gift-card givers and receivers
As economic worries mount, some experts predict that gift-card sales will be lower this holiday season than last. Still, for
the year, consumers are expected to plunk down a total of $94 billion on the cards, according to projections by the Tower
Big Three continued to face skepticism from lawmakers on their first day of hearings.
The Los Angeles Times and New York Times lead, while the Washington Post off-leads, with the cool reception that the chief executives of the Big Three automakers received from senators yesterday. The executives were much more humble than in their
