RetailTrade

Sears Seeks Rent Relief Amidst Struggles of Remaining Stores

3 months ago

In a critical turn of events for the once-iconic retail giant, Sears Holdings Corporation is reportedly seeking rent relief on its last remaining store locations. Struggling to stay afloat in a rapidly changing retail landscape, Sears is grappling with mounting financial pressures that have left it at a crossroads.

Unexpected Growth in Hungary's Retail Sector Eases Fears of Impending Recession

3 months ago

Hungary's retail trade sector has surprised analysts and economists alike, showing a surge that has alleviated persistent fears of a looming recession. Recent data reveals an unexpected boost in consumer spending, which has risen beyond previous projections and market expectations. This positive development provides a glimmer of hope amidst a backdrop of broader economic challenges plaguing Europe.

Swedish Bankruptcies Surge Again Amid Stumbling Economic Recovery

3 months ago

This does not bode well for the Swedish economy, which saw the number of bankruptcies surge once more-in what economists term a sign that the hoped-for recovery may be stalling. According to new data from credit firm UC, the month of September experienced a 14% increase in bankruptcies compared to the same period last year, thus evidencing the challenge that Swedish businesses are going through today. It is now the second consecutive month in which bankruptcy rates have risen, thereby increasing concern over the nation's economic health.