Word: year-end
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...retailers may have to pin their hopes on the week after Christmas, when shoppers typically return gifts, redeem gift cards and look for post-holiday discounts. Lots of leftover product in stores and even deeper discounts, analysts say, could provide a year-end boost. Still, it will not be enough to save a bleak 2008 for most retailers. "For many stores, there is no first, second, or third quarter - 25 to 30% of their volume comes from the back-end of the year," says NPD's Cohen. "There is no second chance. You wait the whole year for the holiday...
...Popham investment groups for decades. We were in two sub-groups of Brighton, and they were small, 10 to 15 people - possibly so they would fly under regulator radar, victims now tell me. Brighton, it turns out, fed the money into Madoff. I'd sit next to Stanley at year-end holiday parties and, knowing my family's money was in his hands, I'd ask: "How're things going with the arbitrage?" The answer was always, "Life is good." Things have changed...
...Dodge's parent company, Chrysler, isn't quite so optimistic. On Dec. 19, the Big Three automaker closed all of its factories for a month - twice as long as the usual year-end shutdown. Chrysler's sales were down 47% in November, even worse than the 37% decline for the industry over all. And all the grim headlines about Detroit's uncertain future aren't helping local salesman. At this sprawling dealership in suburban Kansas City, the biggest problem facing auto salesmen is squeamish buyers spooked by too much talk about bailouts and bankruptcies. "Our problem is getting them...
...Special Year-End Edition...
...fewer poinsettia will grace the winged feet of a forlorn Hermes in Gordon Hall this year, as the Medical School’s staffers look to ring in the holidays with some year-end cheer. Stripped of its usual floral retinue, the messenger of the Greek gods seems to bear some sobering news: pressed by an unprecedented financial crisis, formerly lavish traditions will be giving way to a frugal conservatism as Harvard’s party planners across face tighter budget constraints this year.While administrators look to cope with an endowment savaged by losses, schools across the University are doing...