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Last-minute cold weather brings little relief to U.S. apparel

January 3, 2016 by · Leave a Comment 

Apparel retailers saw a boost of no more than $200 million in sales from cold weather just before the new year, and with product markdowns above 50 percent, it will be very difficult to make up margins in the coming months, industry researchers said. Shoppers came out…

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Last-minute cold weather brings little relief to U.S. apparel

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Oil ends 2015 down 35 percent; long, painful hangover seen

January 3, 2016 by · Leave a Comment 

NEW YORK/LONDON (Reuters) – Oil prices rose on Thursday but fell as much as 35 percent for the year after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may …

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Oil ends 2015 down 35 percent; long, painful hangover seen