Word: bains
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...penny-pinching shoppers this holiday season, they're hoping their websites can deliver some good news. At the very least, the Internet should outdo the sidewalk in delivering sales growth: holiday forecasts predict zero to 2.2% overall sales gains for November and December, according to respective estimates by Bain & Co. and the National Retail Federation (NRF), the world's largest retail trade association. By comparison, online retail sales are expected to grow 12%, to $44 billion, according to Forrester Research...
...their annual revenue and up to 80% of their profits - hence the name Black Friday or the day when stores traditionally go from being "in the red" to "in the black." That's an overstatement, but with holiday forecasts predicting flat to 1% sales growth - according to Bain & Co and Archstone Consulting respectively - retailers are anticipating one of the toughest holiday shopping periods in decades. Consumers cut back spending in the July to September quarter by the largest amount in 28 years as they grappled with a tanking economy, tightening credit and looming lay-offs. "It's going to take...
...retailers will be managing inventory smartly. The economy has been braking for months, so many stores have already adjusted inventories accordingly. "Don't forget, this slowdown started hitting a lot of retailers back in December of last year," says Darrell Rigby, head of Bain & Company's global retail sales practice. "It might be challenging, but it's not completely surprising." Still, no one predicted a Wall Street implosion right before Santa Claus' arrival...
While analysts say there is no must-have item this Christmas season, they expect discount chains like Wal-Mart to lead the pack. "This is the kind of economy that Sam Walton built Wal-Mart to serve," says Rigby of Bain. Consumer electronics could be a bright spot especially since prices for items such as plasma screen TVs and GPS navigation systems have declined dramatically. And with consumers indicating they're planning on staying home more often-eating in or taking "staycations" instead of vacations - a brand new TV or DVD player might be a good way to indulge while...
...errors, bursting into tears—can ensure that the only work you will be doing at McKinsey is janitorial. Not to fear, FM is here with some actual (read: made-up) cases from real (read: make-believe) interviews to help you prepare to wow that hot interviewer from Bain. Case 1 You are advising a major American insurance company headquartered in New York City. This company’s credit rating was recently downgraded because its London unit sold credit default swaps on collaterized debt obligations that lost much of their value when sub-prime mortgages went south...