Retail is getting more and more "robotified," and where it's most evident is the self checkout kiosks at supermarkets. Retail clerks are finding themselves displaced by the machines.
The top policy makers at the Federal Reserve are holding a meeting today in Washington to decide what to do next when it comes to monetary policy. Will they shift their focus now that we have signs of economic recovery?
Taking its cue from grocery stores and drug stores, Bloomingdale's will offer a loyalty card that is not tied to a store credit card. The cards go to shoppers, but the department store chain may reap the biggest rewards.
This week we're finding out how department stores have been faring. Macy's and Saks are in good shape; today, Kohl's says its yearly sales rose. Department stores can tell us a lot about the health of the economy — at least part of it.
Frazer Harrison/Getty Images for Mercedes-Benz Fashion Week
Ever wondered why a few scraps of cloth end up costing $5,000 on the catwalk? Or how designers manage to sell a $5,000 dress for just a few hundred bucks in stores like Target? Tess Vigeland pulls back the curtain on the fashion biz.