Word: eshelman
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...Bryan Eshelman, a managing director in the retail practice at AlixPartners, a global business advisory firm, says the retail recovery has a long road ahead. "We're still about $25 billion [in retailer sales] below the autumn 2007 peak on a seasonally adjusted basis," he says...
...People think that Americans are notorious consumers and will shift very quickly back to their old habits, but we're not so sure about that," says Eshelman. He speculates that because of the number of jobs that would need to be added each month, it will likely take five to 10 years for employment to return to 2007 levels. In December 2009, the country's seasonally adjusted employment was at 129.5 million, down 8.5 million jobs from its peak in December 2007. Even if 150,000 jobs were added every month, it would take five years to return...
...gifts, and 55% say they'll wait for deep discount sales and specials before opening their pocketbooks. More than half say they plan to buy less-expensive merchandise than a year ago, and 52% say they'll give gifts to fewer people. "This is a fundamental shift," says Bryan Eshelman, managing director at AlixPartners LP. (See pictures of people shopping on Black Friday...
...will come down to a game of chicken, in which consumers face off with retailers over price to see who blinks first, says AlixPartners' Eshelman. But with inventories significantly lower, the desperate markdowns may never happen. "Retailers are focused much more on profitability than on sales growth," he says. "So I think retailers have a better chance of winning that game of chicken this year than in years past...
...LAURA ESHELMAN - Durham...