The U.S. textile industry was on the brink of collapse a few years ago when Chinese imports were flooding the market. But subsidies in the current Farm Bill have put the industry a cut above foreign competitors. Leoneda Inge reports.
Consumer spending is down, leaving stores with a lot of unsold inventory. So retailers are unloading those items to companies that specialize in liquidating merchandise, and business for inventory cleaners is booming. Joel Rose reports.
Stores are releasing January retail sales figures, and retailers are concerned about the impact huge bargains have had on consumer psyches. Ashley Milne-Tyte reports what other factors were also involved.
The Consumer Product Safety Commission has delayed testing and certification requirements for lead content in children's toys and other products for a year. Tess Vigeland speaks with reporter Mitchell Hartman about the impacts of the delay.
The U.S. economy suffered its biggest slowdown in more than 25 years, according to last quarter's GDP figures. And with inventory piling up and consumers slow to buy new things, the outlook's not good. Mitchell Hartman reports.
It's hard to avoid Proctor and Gamble's global presence and scores of beauty products. But some of the company's brands are starting to lose out to cheaper generics. Janet Babin explores the consumers' perspective.
Even in a downtrodden economy, we could always count on a constant rise in consumer spending every year, if only a slight one. But retailers predict this year, Americans will actually consume less. Steve Henn reports.