business news in context, analysis with attitude

First The Wiz, the consumer electronics retailer, files for bankruptcy protection. Then Spiegel, the catalog company that also owns Eddie Bauer, declares bankruptcy.
KC's View:
Forget all the financial numbers and pundit commentaries. It is announcements like these that tend to punctuate the economic problems in which the nation finds itself…as well as illustrate how tough it is for entrenched companies to remain entrenched in a fast-shifting marketing environment.