In this year's back to school shopping season, finding bargains and going to discount stores are the trends. Nancy Farghalli looks into how families are cutting back on their spending on clothes and school supplies.
Prices have eased at the gas pump lately, but not in the grocery stores. We're seeing the highest food price inflation in 20 years, and the government's forecasting more increases in 2009. John Dimsdale reports.
Luxury stores like Saks Fifth Avenue are losing sales as shoppers cut back. Nancy Marshall Genzer reports that hipsters are still attached to their brands, but Ross and TJ Maxx offer significant discounts.
Home Depot has been trying to build momentum for when the housing slump finally turns around. But Renita Jablonski reports homeowners aren't making home improvements beyond what's necessary, and that hurts business.
Sears, JCPenny and other stores are re-branding to appeal to a younger clientele. Sears even sought image advice from MTV. Nancy Farghalli reports that the new looks are ready for back-to-school shoppers.
As many as six banks are said to have agreed to buy back securities from the failed auction-rate market as part of a settlement with federal regulators. Is a global settlement in the works? Bob Moon reports.