Word: retail
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Dates: during 2000-2009
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...they'll get it, as retailers cave in to the pressure to attract sales dollars. But price alone might not get shoppers in the door, so this could be the season of extreme retailing, with stores offering even more carrots to drive sales in this dreary economic climate. As of Nov. 11, 72% of consumers had completed less than 10% of their shopping, according to the National Retail Federation's (NRF) 2008 survey by BigResearch of holiday consumer intentions and actions. "They know the longer they wait, the better off they are, so there's no reason to rush," says...
Adding to the pressure on retailers is a shorter window to shop and a suddenly thrift-minded shopper. Black Friday--when the holiday shopping season traditionally begins, the day after Thanksgiving--falls on Nov. 28, far later than usual. Compared with last year, stores now have five fewer shopping days and one less weekend between Thanksgiving and Christmas. Looming layoffs and tightening credit have crushed consumer confidence, making shoppers more discerning than ever. Before buying a gift, 71% of shoppers ask themselves, Is this a smart use of my money? according to an October survey on how America shops, conducted...
...have one job listed as recession-proof for people who want to be in retail sales or services: funeral director. Why just...
Look at the front page of the New York Times today, saying how all of a sudden consumers are not consuming. Retail is getting hit very hard. But I'm going to a funeral tomorrow. Death goes...
...industries in big cities are those that are sensitive to the economy, like finance, retail, manufacturing. Plus, a lot of the cities on that list are state capitals. State-government workers tend to be a little bit more secure than the rest of us. And a lot of state universities are located in capitals...