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Tag Archives: retailers

Retailers post mixed sales results for January

NEW YORK — Retailers reported mixed sales results for January in a sign that American shoppers are continuing to be cautious about when and where they spend their money in the shaky economy. Of the 12 merchants reporting monthly sales ...

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Retail sales inched up in December, ending record year

WASHINGTON — Retail sales barely rose in December, but the gain was enough to lift sales to a record level for 2011. It marked the largest annual increase in more than a decade. Sales inched up 0.1 percent in December ...

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Holiday discounts crimp retailers’ profits

NEW YORK — Many retailers delivered solid sales gains for December, but heavy discounts needed to get shoppers to buy exacted a high price, clouding the holiday shopping season. Merchants had to mark down coats and other gifts to get ...

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Trade deficit shrinks for fourth straight month

WASHINGTON — The U.S. trade deficit narrowed in October to its lowest point of the year after Americans bought fewer foreign cars and imported less oil. The shrinking trade gap boosted growth over the summer and may do so again ...

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Syms and Filene’s unit seek bankruptcy protection

SECAUCUS, N.J. — Discount retailer Syms Corp. and its subsidiary Filene’s Basement have filed for Chapter 11 bankruptcy protection and plan to liquidate their operations. Syms acquired Filene’s Basement out of bankruptcy protection in the spring of 2009 for $62.4 ...

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Back to school is a test for teen retailers

NEW YORK — Teens are heading back to school, but it’s the retailers catering to them that are getting the first test. They’re hoping their expanded selections of funky tee shirts and hip-hugging jeans will attract students like Dale Gibson, ...

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