Word: outlook
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Forberg and Anastos noted that many of this year’s board members are new to the CEB, and both said they hoped that their fresh outlook would expand the group’s programming...
Coming off a better-than-expected holiday shopping season, retail experts are growing a bit more optimistic about the outlook for 2010, while consumers are expected to be, um, cheap. "We see a highly frugal consumer being thoughtful and cautious in the way they spend and the way they incur debt" for at least the first half of 2010, says Richard Jaffe, a managing director at Stifel Nicolaus...
...chilling frugality may remain in the air, but buds of optimism for retailers are sprouting nonetheless. The National Retail Federation (NRF), in its 2010 outlook released Tuesday, Jan. 26, expects retail sales to rise 2.5% on average in 2010, reversing the 2.5% decline seen in 2009. "As we continue to see signs of improvement throughout the U.S. economy in 2010, overall sentiment will begin to lift, making way for slight increases in consumer spending," said Rosalind Wells, NRF's chief economist. Although shoppers will continue to be "frugal," - yes, even she expects it - retailers will benefit from leaner, smarter inventories...
Unemployment is the wild card in all of this, and that's where the outlook gets murky and experts' crystal balls differ. Karen Ghaffari, a managing director at Fitch Ratings, expects unemployment to peak in the second quarter at 10.4% before slowly starting to decline. "It will average 10.2% for the year," which will impact consumer spending and confidence, she says. Howard Davidowitz, chairman of Davidowitz & Associates, a retail-consulting and investment-banking firm, is even more bearish, predicting unemployment will hit 11% before it peaks. "I think we're in for a very rough year...
...much of a track record of actually buying their books. That lack of enthusiasm was due, in part, to sheer economics; books were largely considered a luxury item that could only be used once. For years, Penguin was the lone foreign publishing presence in India. But as the economic outlook in the country brightened, so has the outlook for aspiring authors and publishers. Sensing a new and growing market, foreign publishers like Harper Collins and Random House have set up shop in the outskirts of New Delhi. Retail space for books exploded, with big chain bookstores opening in cities, airports...