Image via J.C. Penney
BY MEGAN MOLLMANN – MEDILL REPORTS
On the heels of the Fed’s news that the economy is “leveling out,” July retail sales dropped 0.1 percent from June, said the U.S. Department of Commerce Thursday.
Total retail sales for July were $342.3 billion, an 8.3 percent decline from July of [...]
BY MEGAN MOLLMANN – MEDILL NEWS SERVICE
The annual shopping spree synonymous with the start of the school year will be a little less grand this year. Parents worried about their finances in the recession plan to spend less this fall when jaunting off to GapKids, Kohl’s or Walgreens to [...]
(Deb Weinstein/MEDILL)
BY DEB WEINSTEIN -MEDILL NEWS SERVICE
Shareholders and executives of Minneapolis-based Target Corp. (TGT: $39.60 +/-0%), are gathering in Waukesha, Wisc., for the annual shareholders’ meeting today. However, this is no ordinary shareholders’ meeting.
The past few weeks have been a ping-pong game of “Vote for my team” [...]
BY DEB WEINSTEIN-MEDILL NEWS SERVICE
Target Corp. [[TGT]] announced its first quarter results: Profits fell 13 percent to $522 million for the quarter ended May 2, compared with $602 million for the same period last year.
Looking at Bloomberg.com, Target’s results are the best of a bad [...]
Martha Stewart (Smoothdude/FLICKR)
BY DEB WEINSTEIN- MEDILL NEWS SERVICE
A day after Martha Stewart Living Omnimedia Inc., [[MSO]] posted a wider loss of $16.8 million for the quarter ended March 31, compared with a $4.2 million loss in the year-earlier period, Martha Stewart, the [...]
Consumer prices tumbled in March. (Therese Flanagan/FLICKR)
BY DEB WEINSTEIN- MEDILL NEWS SERVICE
Penny-pinching has taken a toll on prices, according to the latest read on the Consumer Price Index by the Bureau of Labor Statistics. Reduced demand for gas, natural gas and oil exerted the most pressure on the index, forcing consumer prices to [...]
Retail sales went south in March. (bookgrl/FLICKR)
BY DEB WEINSTEIN – MEDILL NEWS SERVICE
The latest news from the Department of Commerce is a mix of the bad and the good.
The bad: March threw a wrench in what some had hoped was a sign of a consumer upswing — [...]
Mary Hall, the Recessionista
CLAUDIA-TERESA POU - MEDILL NEWS SERVICE
When life gives you lemons, make lemonade. I’m sure many of you have heard of that saying, advising us to make the best of what we’re given. Given our current economic situation, we should probably be changing our spending habits and do our best with a recessionary budget. So, start [...]
By JASON M. BRESLOW – MEDILL NEWS SERVICE
Despite more than $91 billion in economic stimulus payments distributed this past spring, U.S. retail sales fell 0.1 percent in July due in part to slumping demand for motor vehicles, the Commerce Department reported Wednesday.
BY ARCHI SARKAR -MEDILL NEWS SERVICE
No matter what the economists reckon or how the GDP looks like, everyone knows that the economy has taken a beating and apparel retail sales are hurting the most.
Even Big Daddy is calling for help!
Sears Holdings Corp. has roped in Hip-Hop [...]
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