Word: retailing
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...that dwindled to just under 440,000 in 1995. John Challenger, however, sees a "real risk that the pace is picking up and will surge in 1996." The AT&T layoffs point to more in telecommunications, he says. In addition, "more bank mergers mean more layoffs. And the retail industry is hurting" after stagnant Christmas sales...
...Lousy retail sales lead to disappointing earnings, which sooner or later lead to lower stock prices, so Grant expects that the owners of stocks will have less to show for their investment than the owners of suits. Wall Street money manager Marty Zweig, a chronic pessimist, sees the current situation more optimistically. He thinks the sluggish economy will keep interest rates low, which in turn will drive stock prices higher, at least for a while...
...RETAIL WORKERS Sluggish sales spur major layoffs, topping 300 per business...
...NORTHEAST Major snowstorm added to general retail woes makes it the hardest-hit region
Rouse picks out an unsuspecting pupil for an impromptu job interview, demanding, "Ernie, tell me about yourself." Thrust into the spotlight, Ernie Washington describes his four decades in retail and delivers a winning paean to experience, "Being that I'm an older person," he says, "I know the company comes first...