Economic Recovery Buoys Department Stores, But Not All Of Them
As department stores near the homestretch of the holiday season, some are enjoying a smooth ride while others are hitting speed bumps. After losing ground during the recession, the segment began to rebound last December, led by what are now retail's top performers, the high-end players. Since then, the department store group has come back nicely, says Michael Niemira, chief economist at the International Council of Shopping Centers. The segment's
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