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John Canally, an economist with LPL Financial, a broker-dealer firm in Boston, is even more bullish: he predicts retail sales could rise as much as 3.5%. If automobiles, gas stations, restaurants and services (such as dry cleaning and hair salons) - which are not included in the NRF numbers - are thrown into the mix, sales could rise as much as 6%, he says. Total retail sales rose 5.4% on a seasonally adjusted basis in December from the same month a year earlier but were off 6.2% in full year 2009 from 2008, according to the Department of Commerce. Canally expects...
...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...
Yolande Daeninck, a spokesperson at the management consulting firm McKinsey & Company, corroborated Mount’s observation...
...senior who was hired by the investment banking arm at Goldman Sachs only received his offer only after aggressively pursuing the firm, he told The Crimson. He and other students interviewed for this article asked to remain anonymous in order to preserve their relationships with firms and because hiring decisions are a sensitive topic in the student body...
...junior who will be interviewing for positions at financial firms next week said that while he has secured several interviews, he has only been successful with firms with which he had networked beforehand by sending follow up e-mails, making phone calls to employees at the firms, and going to firm “meet and greet” information sessions...