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Thursday, August 13, 2009

Video: 08/13 Retail Sales Decline, Initial Jobless Claims Rise

08/13/09 Retail sale unexpectedly in July while initial jobless claims jumped bringin to the forefront concerns over consumer spending.

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Thursday, June 4, 2009

Video: 06/04 Macy's Same Store Sales Don't Add Up

06/04/09 Retailer Macy's Incorporated (M) announced Thursday that its same store sales fell 9.3% for the month of May.

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Wednesday, May 13, 2009

Video: 05/13 Macy's Posts A Smaller-Than-Expected Loss

05/13/09 Macy's Incorporated announced Wednesday that with cost cutting offsetting declining sales, it managed topost a smaller-than-expected quarterly loss.

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Thursday, May 7, 2009

Video: 05/07 Retail Sales Up in April

05/07/09 Retail sales unexpectedly increased last month with Wal-Mart leading the way.

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Tuesday, April 14, 2009

Video - Business Update: Consumer shock

Total U.S. retail sales dropped for the first time in three months, according to government figures, which reignited fears the economy has yet to hit bottom.

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Monday, March 9, 2009

Video: Circuit City stores close for good

What began 60 years ago as a humble television store in Richmond, Virginia ended Sunday as Circuit City closed its doors for good.

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Wednesday, February 18, 2009

Video: Starbucks brews up instant coffee

Starbucks is out with its version of instant coffee which it hopes will spur sales and draw in new customers looking for a lower price point. Starbucks, which has launched a war on "misperceptions about affordability, unveiled its new Via Ready Brew instant coffee that sells for less than $1 a cup. The move from the Seattle company, which grew like gangbusters selling pricey lattes and other "affordable luxuries," is another example of how the company has changed course as the world economy goes cold.

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Friday, February 13, 2009

Video: Business Booming For Cosmetics

Almost every facet of the economy has been severely hampered by the recession. But, as Richard Schlesinger reports, business has been booming for many in the cosmetics industry.

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Video - Business Update: Retail bump

U.S. retail sales unexpectedly rose in January, the biggest jump in over a year, as consumers took advantage of deep discounts. Weekly jobless claims dipped last week, but continuing claims moved closer to 5 million, according to Labor Department data.

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Tuesday, February 10, 2009

Video: US Magazine Sales Plunge Yet Again At Newsstands

According to the Audit Bureau of Circulations report, newsstand sales of US magazines during the second half of 2008 managed to plunge a total of 11%.

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Monday, February 2, 2009

Video - Money Minute: Construction, Chrysler, Macy's

Construction spending dropped 1.4 percent in December, the third straight monthly decline. The AP's Mark Hamrick reports.

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Friday, January 23, 2009

Video: Consumers shun electronics

Consumer electronics makers see plumetting demand for their gadgets. The consumer electronics industry is under siege, as Americans hesitate to open their wallets. Even Microsoft is feeling the pinch. The company announced it is slashing almost 5,000 jobs- its biggest cuts ever. Bobbi Rebell reports.

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Thursday, January 15, 2009

Video: Consumer wallets slam shut

Retail sales fell sharply in December as consumers stayed home, pushing sales lower by 2.7 percent. The American consumer was on vacation this past holiday season. Retail sales plunged far more than expected, and the outlook is grim. Bobbi Rebell reports.

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