The aerospace, retail and porn industries are among the many seeking help from the bailout. With so much money being doled out, one line of reasoning goes: If we don't ask for it, someone else will. John Dimsdale reports.
The Commerce Department says business inventories were down for a third straight month in November. Businesses put orders on hold as sales continued a downward spiral. Mitchell Hartman reports.
The 2008 holiday shopping season was one of the worst ever. Retailers offered a lot of sales, but it didn't get people to hit up the stores. As Stacey Vanek-Smith reports, all those markdowns have created an expectation from consumers and put retailers in a bad spot.
Woolworth's will close its doors in the U.K. for the last time tomorrow, ending a legacy that spans 100 years. Stephen Beard spoke to customers in London who fondly recalled shopping at the store as children.
Champagne sales are down as tapped drinkers cut spending on luxury items. But flat demand has caused a buyers market for bubbly as steep discounts are on the rise. Jean-Luc Renault reports.
Lots of stores offered deep discounts on merchandise to lure shoppers this holiday season. But who will pay the price for those door-busting sales — retailers or the companies who made the merchandise? Janet Babin reports.
The start of a new year is a great time to adopt a positive attitude, and no one needs that boost now more than consumers. But building up consumer confidence again could take awhile. Bob Moon reports 2009 will be a year of recovery.
The top online retailer says it's had its best holiday shopping season. How was Amazon able to buck the trend of one of the worst holiday retail periods ever? Steve Henn reports.
Retailers across the nation are cutting prices to drive sales and make up for their run of bad luck this holiday season — if they've got to get their current inventory out of their stores. Jeremy Hobson reports.
