As hedge funds in Greenwich, Conn. fall, so does the real estate. Amy Scott talked revenue loss and surveyed available commercial space around town with real estate agent Steven Greenbush, who works with financial firms.
In a time when many stores are closing and credit is harder to come by, shopping centers have to get creative to find new tenants. Ashley Milne-Tyte reports what some malls are doing to fill the empty retail space.
Money is getting tighter for the high-end shops on Greenwich Avenue in Greenwich, Conn., which caters heavily to the finance industry. Amy Scott visited a few stores on the Avenue to find out what a markdown meant to them.
The annual American International Toy Fair in New York kicked off last weekend, and 100 fewer exhibitors are attending over last year. Among those not there this year are the mom and pop shops. Dan Grech reports.
Wal-Mart has been one bright spot in retail through the economic fallout and has actually boosted its advertising budget. Danielle Karson reports what's keeping the chain healthy and what could hurt it down the road.
Microsoft is gearing up to launch retail stores worldwide to build product buzz and connect with consumers. Will the company be able to re-brand itself to appeal to a larger audience? Mitchell Hartman reports.
New York fashion week is kicking off, and many designers are fearing their new fall lines will be discounted before the season even begins. Over the holidays many stores slashed prices without telling designers. Janet Babin reports.
Several big retail chains have been going bust in this economy, with Circuit City and Mervyn's the latest to fall. But some companies are willing to spend some money on a still valuable brand name. Mitchell Hartman reports.
A new U.S. law in effect today says child products can't contain more than one-tenth of 1 percent phthalates, a plastic-softening chemical. Congress passed it after last year's recalls of Chinese-made toys. Mitchell Hartman reports.