Retail Sales Fall for the Third Month in a Row

Retail sales have fallen for the third month in a row – a debilitating economic feat that hasn’t been achieved since 1992. September’s 1.2 percent drop in retail sales accounts for the sharpest decline in three years, and it came during...

New York is Kim Sharma’s Favorite Shopping Destination

New York is Kim Sharma’s favorite shopping destination. The actress says, “New York has all kinds of shops. Whether one is looking out for department store, malls, designer clothing stores or vintage clothing stores, the apple city has it...

Canada’s Oldest Retailer Sold to U.S. Owners of Lord & Taylor

Canada’s oldest retailer, Hudson’s Bay Company (HBC), will be transferred from one American owner to another. NRDC Equity Partners, owners of U.S. department store Lord & Taylor, will purchase HBC from the estate of Jerry Zucker who died...

Russia Mulls Legislation To ‘Save’ Its Youth

Irina, a Moscow teenager with white-blond hair dressed in laddered tights and a black leather jacket, sits on a park bench in the city center with two girlfriends, drinking a bottle of beer and enjoying the warm summer afternoon. The girls, sporting punky...