Costco has been a bright stop in the recession. It makes sense that the wholesale club has done well when consumers are cutting back, buying in bulk and looking for deals as businesses everywhere are laying people off and credit is tight. But the company's second-quarter results might have revealed...
Though company spokespeople are denying it, news reports say that Blockbuster has hired law firm Kirkland & Ellis to help it explore a possible bankruptcy filing. Of course, Blockbuster has been on the retail watch lists of industry observers for a while now, and the chain's main competition is performing...
Analysts are predicting that most retailers had another tough sales month in February. Department stores and apparel chains are seen getting hit the hardest, with same-store sales drops forecast at 10.1% and 8.6% respectively, according to one article. Of course, the bright spot again will be discounters...