Consumer Spending Surged in September

| MCM staff

Propelled by solid sales in clothing and electronics stores, growth in retail sales in September offered a promising outlook for the critical holiday months ahead.

Bakers Footwear Files for Bankruptcy Protection

| Erin Lynch

Mall-based shoe company Bakers Footwear announced that has filed for bankruptcy protection this week due, in large part, to declining sales. The retailer had, in August, anticipated a major restructuring and cut about one-third of its workforce.

NRF: Retailers Will Hire Half a Million Seasonal Workers

| MCM staff

Retailers are expected to hire between 585,000 and 625,000 seasonal workers during the 2012 holiday season, according to projections compiled by the National Retail Federation. That is comparable to the 607,500 seasonal employees retailers hired last year, NRF said in a statement.