There have been some positive signs this week that the global recession may be easing, but many U.S. consumers seem skeptical.
Retail sales for some large chains declined over the last quarter. Nordstrom, Macy's and J.C. Penney's all posted losses.
But TJX, which owns mega discount chains T.J. Maxx and Marshalls, bucked the trend and saw its profits rise 27 percent.
global recessionRetail Sales Figures Indicate Stingy ShoppersNPR Programs: Morning Edition Wed, 08/19/2009 - 4:20am
German Toy Train Maker Off The TracksNPR Programs: Morning Edition Fri, 05/15/2009 - 4:10am
The German toy producer Marklin makes model trains loved around the world. But the 150-year-old firm is now seeking bankruptcy protection, a victim of the global recession and alleged company mismanagement. |
