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“The last time U.S. retail sales fell three consecutive months was back in 2008, when the U.S. economy was in the depths of the recession...”
Teen apparel retailer Wet Seal has fired its CEO as a top shareholder urges the company to sell itself.
Americans hit the malls in November, the start of the 2011 holiday shopping season, as retail sales increased for the sixth consecutive month.
Retail sales in the U.K. rebounded in February exceeding analyst expectations at the fastest rate since May 2008, according to the governmental statistics office.
U.S. Commerce Department reported that retail sales jumped 2.7 percent last month, the biggest increase in three years.
Financial giant Citigroup Inc. announced plans to cut 52,000 jobs as it struggles to emerge from the credit crisis.
2008 holiday sales are expected to be the worst in recent history.
Once the fastest-growing segment of consumer spending, online sales have slowed considerably during the third quarter of 2008.
Back to school shopping season left many retailers wishing for more.
