The Fed Chairman Ben Bernanke testifies on Capitol Hill in Washington before the Joint Economic Committee hearing on Wednesday. (AP Photo)
The economy is recovering, just not robustly enough to fuel fast job growth.
Articles tagged with: retail sales
Written By: Jordan Melnick on July 9, 2009
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Flickr.com/Jazzpic
BY JORDAN MELNICK — MEDILL NEWS SERVICE
Retailers are faulting unseasonable weather and rising unemployment for year-over-year sales declines in June. The big losers were clothing and department stores, with Abercrombie & Fitch Co.’s same-store sales down 32 percent, Dillard’s Inc. down 14 percent and sales at both
Written By: hannahkokjohn on April 14, 2009
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Retail companies using energy-efficient practices, such as monitoring building temperatures, can reduce costs. (Bright_Star/FLICKR)
BY HANNAH KOKJOHN – MEDILL NEWS SERVICE
Just as the U.S. Census Bureau released its unexpectedly dismal March report of a 1.1 percent drop in U.S. food and retail service sales, Prenova Inc., an Atlanta-based energy management company, twisted the [...]
Written By: Deb Weinstein on April 9, 2009
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(MrTakeoutBags/FLICKR)
BY DEB WEINSTEIN– MEDILL NEWS SERVICE
March retail sales are in, and if you’re comparing numbers to the Christmas season, as the New York Times article does, things aren’t that bad.
The bright spots, as in past months, have been retailers such [...]
Written By: Deb Weinstein on April 2, 2009
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(Randy Son of Robert/FLICKR)
BY DEB WEINSTEIN — MEDILL NEWS SERVICE
Recession pressures and near-term leases have led giant Costco Wholesale Corp. to shutter its two home furnishing stores. The Issaquah, Wash.-based retailer said the store closings in Kirkland, Wash., and Tempe, Ariz., will not affect company performance or be [...]
Written By: Tian Huang on January 8, 2009
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BY TIAN HUANG - MEDILL NEWS SERVICE
Stores across the nation were hoping for a break from the recession this holiday season, but the December sales numbers that came in this week showed it was anything but.
The International Council of Shopping Centers reported that U.S. chain store sales for December 2008 fell by 1.7 percent on a year-to-year [...]
Written By: Administrator on June 19, 2008
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Emerald ash borer to cost Chicago-area homeowners, arborists say
by Maisie Ramsay
June 5, 2008
The emerald ash borer has killed 25 million ash trees in Michigan since it was discovered there in 2002 and arborists in the Chicago area are bracing for similar losses as the invasive insect spreads.
Written By: Molly Seltzer on June 2, 2008
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BY MOLLY SELTZER — MEDILL NEWS SERVICE
Tonight, I’m having scrambled eggs for dinner. If I feel indulgent, I might make some French toast too. Big glass of orange juice. Bit of syrup. I like the sweet, sticky tines of the fork. What [...]
Written By: Administrator on May 10, 2008
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Reverse outsourcing: India comes to the Midwest
by Leena Krishnaswamy
May 06, 2008
Outsourcing has a new twist. Rather than U.S. jobs going to India, the latest wave of outsourcing is moving in reverse, with India’s leading information technology service providers opening U.S. offices in Chicago, Detroit and Cincinnati.
Satyam Computer Services Ltd, Tata [...]