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
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 [...]
(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 [...]
(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 [...]
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 [...]
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.
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 [...]
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 [...]
Subscribe to our weekly podcast, Money Talks, where newsmakers and journalists dish about money and business!
Try to guess the name of the company based on the numbers in the columns.
