US: Retail sector fully recovered

Vitaliy_Kiselev

Family Dollar Stores Inc. (FDO) is closing about 370 stores and conducting a review to improve its business. Sales fell 6.1 percent to $2.72 billion in the quarter ended March 1.

Women's clothing retailer Coldwater Creek Inc. on Friday filed for Chapter 11 bankruptcy after failing to find a buyer said it plans to close its stores by early summer. Coldwater Creek joins other retailers to seek protection from creditors in recent months as consumers keep a lid on spending. Coldwater Creek, which has 365 stores and employs about 6,000 people,

Previous part - http://www.personal-view.com/talks/discussion/9376/us-retail-sector-feels-better/p1

brianl

actually other sectors of the economy are doing well. For example the private prison industry.

Vitaliy_Kiselev

For example the private prison industry.

It can be national breakthrough. If they manage to put 50% of working population behind bars. :-) All manufacturing will be back as prisoners salary is about 10-20% of one in poorest China parts.

brianl

Never underestimate American ingenuity.

DrDave

They should put more stores in prisons.

Vitaliy_Kiselev

Election-year memo to Democratic candidates: Don't talk about the economic recovery. It's a political loser.

So say Democratic strategists in a blunt declaration that such talk skips over "how much trouble people are in, and doesn't convince them that policymakers really understand or are even focusing on the problems they continue to face."

http://news.yahoo.com/advice-democrats-dont-recovery-073618756--election.html

Vitaliy_Kiselev

Office Depot Inc (ODP) said it would close at least 400 stores in the United States over two years.

http://finance.yahoo.com/news/office-depot-close-400-u-111516589.html

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