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.