Content about Socioeconomics

March 28, 2014

Saddled with high levels of debt and sluggish sales, Brookstone Inc. is preparing to file for bankruptcy protection, with a plan already in place to be bought by specialty retailer Spencer Spirit Holdings Inc.

March 11, 2014

Plus-sized retailer Ashley Stewart has filed for voluntary Chapter 11 bankruptcy protection.

February 20, 2014

Gap Inc. will raise the minimum hourly wage for all U.S. employees to $9 in 2014, and then raise it again, to $10, in 2015.

October 21, 2013

Owners of garment factories in Bangladesh are reportedly prepared to raise the minimum wage they pay workers from 50%-80% and ask retailers to pay at least some of the extra cost.

July 26, 2013

The Great Atlantic and Pacific Tea Co. (A&P), which exited bankruptcy last year, is reportedly looking to sell itself. A report in the Wall Street Journal indicates that an internally distributed company memo from A&P chairman Gregory Mays to store managers states a sale of A&P is one of several options for funding growth, along with raising capital and refinancing.

July 17, 2013

Orchard Supply, which sought bankruptcy protection earlier this year, has won court approval of as much as $176.3 million in bankruptcy financing, according to a report by Bloomberg.

April 22, 2013
A Monday report by Forbes said that former Office Depot COO Mark Begelman has been charged with profiting off confidential information.
November 27, 2012

By Phillip M. Perry

Overcast with clearing skies — That’s the economic forecast from a major research firm as retailers enter a new year. Drizzly conditions will remain at least for the first half of 2013 as consumers hold tight to their pocketbooks. By the summer, though, light should break through the clouds as the resolutions of critical national uncertainties encourage corporate hiring, capital investment and consumer spending.

October 15, 2012

Deloitte’s Consumer Spending Index rose in September, aided by a near 11% gain in home prices.

September 12, 2012

Ritz Camera & Image LLC plans to go out of business after 94 years and close its remaining 137 stores after it failed in a bankruptcy auction to find a buyer to keep the camera chain afloat, the Chicago Tribune reported.

November 23, 2011

Consumer spending rose less than forecast in October as Americans even as personal incomes showed the biggest gains in seven months.

September 7, 2011

Consumers are spending more, but doing so in fewer transactions, according to American Express Business Insights’ most recent Business Insights Spend Sights report.

April 21, 2011

Oakland Mall is using social networking as a tool to get shoppers involved this Mother's Day to benefit Moms at Detroit Rescue Mission Ministries (DRMM), a non-profit agency dedicated to assisting the homeless and getting them back on their feet.

April 8, 2011

Blockbuster says a bankruptcy judge has approved Dish Network's $228 million offer for the chain, paving the way for a combination of the two companies.

March 17, 2011

The Labor Department’s Producer Price Index rose last month, primarily due to higher energy costs and the biggest rise in food prices in 36 years, USA Today reported.

February 17, 2011

A report released Thursday by American Express Business Insights said that spending in the fourth quarter was up across the board, but the retail sector spend growth was more subdued despite the holiday shopping season.

February 17, 2011

A report released Thursday by the Labor Department said that applications for jobless benefits increased by 25,000 to 410,000 in the week ended Feb. 12, exceeding the 400,000 median forecast of economists surveyed by Bloomberg News.

November 10, 2010

A report released Wednesday by the Labor Department said that applications for jobless benefits declined by 24,000 to 435,000 in the week ended Nov. 6, the lowest level in four months.

November 9, 2010

A report released Wednesday by the Labor Department said that applications for jobless benefits declined...

October 13, 2010

Movie Gallery announced Thursday that it will sell off its store brands Hollywood Video, Movie...

September 15, 2010

A report issued by the Labor Department on Thursday said that the number of newly...

September 9, 2010

A late Thursday report from the Labor Department said that the number of people who...

May 25, 2010

Nearly three out of five American consumers (57.7%) say they will be forced to cut...

May 13, 2010

A report released Friday by the Commerce Department said that retail sales inched up 0.4%...