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Patricia Portela is one of those people who, not too long ago, might have splashed out on a discreet tattoo. On a warm March afternoon, the 20-year-old met some friends in Vigo's waterfront promenade. Portela works in a local clothing store and hopes to be a designer some day; her three friends are in college. Their shiny hair and fashionable clothes betray their prosperous, middle-class background, but even these women are feeling the pinch. Asked how the financial crisis is affecting them, they enumerate a long list: the clothing they can no longer buy, the vacations...
During these dog days of summer, the nation's department stores are still cold. According to the retail-sales statistics released by the Commerce Department on July 14, June department store sales dipped 1.3% compared to sales in May of this year, and were down 9.4% compared with June of 2008. So to prop up sales before the back-to-school season, one major player is asking Santa, of all people, for some help...
...With temperatures simmering and families spending summer days at the shore, most customers aren't exactly in the Christmas spirit. So what convinced Sears, which has seen nothing but annual same-store sales declines at both its namesake and Kmart stores over the past four years, that skeptical shoppers want to open up their wallets for Christmas gifts now? "After the last holiday season, customers told us that they wish they had seen some of our merchandise earlier," says Natalie Norris-Howser, a Sears spokeswoman. "People are buying earlier today. Also, customers have grown accustomed to the Christmas-in-July...
...breakfast in the Art Deco interior of the Royal Library, tel: (32-2) 519 5311. From my usual table, I look across the city and fall in love with it all over again. Following breakfast, I like to browse at Own, tel: (32-2) 217 9571, a good designer store filled with new names like N. Hoolywood from Japan, Acne and Whyred from Sweden and Belgium's own Atelier 11. After shopping, I'll reward myself with a good French Bordeaux at a new wine bar in Ixelles, Le Petit Canon, tel: (32-2) 640 3824. For a simple, traditional...
...Department of Housing and Urban Development doesn't really know what's in store for America's already overburdened homeless shelters. In its assessment to lawmakers, the agency known as HUD included this caveat: Our info is pretty outdated. "The data collection period ended on Sept. 30, 2008, just as the [economic] crisis was accelerating," the authors noted. "Also, there is an expected time delay between the moment someone loses her job or home and the moment she enters the shelter system." While the agency plans to begin issuing quarterly "pulse reports" to keep pace with the issue, counting people...