Retailers Paint a Worrying Picture of American Consumers
The retail sector suffered a severe blow this week. Macy’s and Kohl’s reported significant sales declines, indicating deeper underlying problems. Stock values plummeted across the...
Nightmare Before Christmas for Department Stores
Markets Heard on the Street Slowing sales in recent weeks make for a tricky setup for retailers ahead of the holiday season [ad_2] Source link...
High Inflation, Slowing Growth Raise Risk of Global Downturn
The global economy is in danger of entering a period of so-called stagflation, or high inflation and weak growth, policy makers and corporate leaders say,...