The economic crisis is eating into high-end coffee consumption, as Starbucks found out in its fiscal first quarter. In earnings just released, the coffeemaker said it would lay off up to 6,000 employees at its stores and let go another 700 non...
Senior real estate executives are predicting more pain for the industry in 2009, with one professional warning 2009 was a year to “hold on and stay alive”. The US Real Estate Roundtable, in its latest industry sentiment survey, revealed that a...
You might not know it from the numbers. Most of the higher-end department stores such as Saks, Nordstrom and Neiman Marcus reported double-digit declines in same-store sales for December. By that measure, TJ Maxx and Marshalls, both owned by TJX...