Apr 23 Bed Bath & Beyond files for bankruptcy protection after failing to secure funding By Anne D'Innocenzio, Associated Press Bed Bath & Beyond — one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets — filed for bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround… Continue reading
Mar 15 Retail sales drop slightly in February after jump in January spending By Anne D'Innocenzio, Associated Press America's consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment. Continue reading
Feb 15 American consumers retail sales jump as Americans defy inflation and rate hikes By Christopher Rugaber, Associated Press America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in almost two years, underscoring the economy's resilience in the face of higher prices and multiple interest… Continue reading
Aug 17 July retail sales fell 1.1 percent as COVID-19 surge hits spending By Joseph Pisani, Associated Press Americans cut back on their spending last month as a surge in COVID-19 cases kept people away from stores. Continue reading
Oct 06 3 reasons Forever 21's bankruptcy doesn't spell the end of brick-and-mortar retailing By Anthony Dukes, The Conversation Three advantages physical stores still have over their online-only rivals. Continue reading
Nov 27 Why it's OK to splurge on Black Friday, according to a behavioral economist By Kristen Doerer Dan Ariely says go ahead, buy that new ski jacket on Black Friday. As a behavioral economist at Duke University, he's studied how people can successfully indulge one day, and then resume normal spending practices for the rest of the… Continue reading
Mar 12 Watch Boost in Retail Sales Hints at Economic Recovery Retail sales increased in February, despite major snowstorms in the eastern United States and consistently high unemployment. Judy Woodruff talks to an economist about whether recovery could soon follow. Continue watching
Dec 24 Bah Humbug: The Case Against Holiday Presents In his new book, "Scroogenomics: Why You Shouldn't Buy Presents for the Holidays," economist Joel Waldfogel argues that giving unwanted presents is not just bad for those who receive them, it's bad for the economy as well. Continue reading
Oct 14 Retail Sales Up, but Auto Sales Sag Without 'Clunkers' By Dave Gustafson Retail sales for September fell by the largest amount this year, though most of the drop is attributed to cars sales plummeting at the end of the government's popular 'cash for clunkers' program. Continue reading
Sep 15 Watch Obama Touts Economic Policies in Health Care Push President Obama traveled to Pennsylvania and Ohio on Tuesday to tout his administration's economic policies. Separately, Federal Reserve Chairman Ben Bernanke said the recession is "likely over," but that a drop in the jobless rate is in all likelihood still… Continue watching