Mid-priced retail to suffer in hourglass economy
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Coming into the economic downturn's fourth holiday season, dollar stores and high-end retail are looking to fare better than the middle. Shoppers and pedestrians cross 34th Street outside of Macy's Herald Square department store in New York City. (Chris Hondros/) Jeremy Hobson: Family Dollar reports earnings later today, and the outlook is pretty good. The company is benefiting from a growing number of Americans who are in the mood for discounts. Interestingly, at the other end of the retail spectrum, high-end shops are also doing okay. As Marketplace's Adriene Hill reports, you can see the trends in plans for
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- Companies:
- Macy's
- Places:
- 34th Street
- New York City
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