Harsh winter weather and frugal spending may have cast a pall on most retail sales, but the snowblower is proving recession-resistant.
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Barnes & Noble cut almost 100 positions at its headquarters to reflect a slower pace of store openings and the consolidation of functions.
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Tiffany said same-store sales in the U.S. fell 35% in the holiday-shopping season, and the jeweler retailer cut its earnings outlook again.
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Gottschalks filed for bankruptcy protection, after talks with potential investors fell through, making it the latest retail casualty of the recession.
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Swatch plans to open about 15 retail stores in Hong Kong and Macau, a vote of confidence that appetite for luxury goods among Chinese consumers will grow even as the economy slows.
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