U.S. news and archive

Retail sales took a dive in the U.S.

Retail store closures are happening left and right, and it looks like they are also being accompanied by declining retail sales. Reuters has reported that U.S. retail sales have fallen for the first time in seven months. This has raised fears that manufacturing-led weakness is permeating the entire economy, and the Federal Reserve is expected to...

Fashion Featured

Sluggish European markets changing the face of American fashion

By now it is no secret that the European luxury goods market is struggling. With brands like Hugo Boss, Hermès, and Prada reporting losses due to the less than stellar financial situation in the EU and volatile currency exchanges things are pretty tough right now. Let’s not forget the cherry on top of the designer cake, the political climate in...