Macy’s Department stores is closing down its iconic downtown Pittsburgh location after selling off the building that, for over 100 years, served as the flagship store for the now defunct Kaufmann’s chain.
Obama’s continued sluggish economy has been called a “jobless recovery,” an “illusory recovery,” sluggish, and slow. But even as most say a recovery is happening, it is still hard to tell from the retail sector, which continues to shrink. This month is no exception with many national chains announcing layoffs, cut backs, and closings.
On Monday, Saudi Arabia’s stock markets, the biggest in the Middle East, were open to foreign investors for the first time in history.
If you think shopping to a soundtrack of Celine Dion is trying, then imagine being exposed to her brand of adult contemporary music, day in and day out.
Racy lingerie retailer Frederick’s of Hollywood is seeking bankruptcy protection in federal court after closing all of its stores and switching to an online-only business, which it intends to sell to the highest bidder.
