Department store Henri Bendel will stop selling clothes this summer and focus on accessories and beauty products. Amy Scott reports on how luxury retailers are cutting costs and laying off staff in this recession.
Tecktonik began as a dance style in the middle class suburbs south of Paris. Now it's a registered trademark that even has its own brand of duvet covers. As John Laurenson reports, not everyone's happy about that.
Mall operator General Growth Properties has filed for bankruptcy, the largest real estate company to go belly up in history. As Stacey Vanek-Smith reports, to survive in this recession, malls are making themselves over.
Rosetta Stone plans to hold its initial stock offering today, despite being in one of the worst bear markets in years. Jennifer Collins reports on why the language-instruction company is going public now versus waiting until later.
Too much inventory can hurt a store's bottom line, so chains like Costco and Wal-Mart have been making sure to be vigilant about keeping their inventories tight. Tamara Keith reports how this helps retailers in the long run.
Consumers are reassessing their purchases and more are spending on things they need than things they want. Some analysts say the economy is headed in this direction and that needs-based jobs will thrive. Caitlan Carroll reports.
Washington Mutual's new owner, JP Morgan Chase, has begun the process of absorbing the bank into its new brand. The new look will have a more traditional approach than WaMu's more retail feel. Amanda Aronczyk reports.
Drug runners along the U.S.-Mexico border are using stored-value cards to smuggle billions of dollars of cash into the United States. A Senate committee is investigating what can be done to stop them. Dan Grech reports.