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This week Beta Gamma Sigma posted the Winter 2008 edition of the BGS International Exchange on BetaNet. Make sure you check out this issue, which focuses on “Small Business and the Economic Downturn.”

In response to the magazine, Barry Collin (BGS 1983, California State U., Northridge), CEO of Moddition, Inc., offered suggestions for small businesses to survive and thrive during this economic downturn.

Please be sure to visit BetaNet to check out
the complete Winter 2008 issue of the BGS International Exchange.


December 2008

Holiday Retail 2008

Beta Gamma Sigma invites you to share your opinions with us by sending emails to bzine@betagammasigma.org.

Linked Articles:

Retail sales fall again in Nov., led by autos drop
By Martin Crutsinger, AP Economics Writer
“Consumers cut back on spending at retail stores for a record fifth straight month in November.”

Holiday retail sales forecast to drop 3.5% in 2008
By Lita Epstein, BloggingStocks.com
Grim news on the holiday shopping front.


Holiday Retail Sales Off to Very Ho-Hum Start
By Laura Gunderson, The Oregonian
“Nearly every national retailer up the customer ladder, from teen-geared Abercrombie Fitch to Gap Inc. to Kohl’s Corp. and on to J.C. Penney Co., reported double-digit sales declines for November.”


UK holiday retail sales tumble (video)
By Reuters
“Nervous British retailers fail to attract pre-Christmas shoppers as November retail sales figures post sharpest fall in 3 years."


Chase Paymentech’s 2008 Cyber Holiday Pulse Index Indicates Mixed Online Shopping Results
By MarketWatch.com
“A very consistent story is emerging from retailers. Average order values are down even though the volume of transactions is up.”


Online Holiday Sales since Cyber Monday Up 7%
By JCKonline.com
“During the first week since Cyber Monday, sales totaled $4.45 billion, up 7 percent versus a year ago.”


Holiday Shopping Survey 2008: US Results
By accenture.com
Accenture’s annual holiday shopping survey highlights the challenges facing retailers in the battle for their customer’s dollars during the 2008 holiday shopping period.


KB Toys files for Chapter 11
By CNNMoney.com
“Toy retailer files for bankruptcy for the second time in four years as sales remain weak ahead of the holiday.”


‘Tis Not the Season for Retail Jobs
By Curt Nickisch, NPR.org
“This year, it may be just as hard to find a holiday job in retail as it is to find that perfect present.”


Economic Downturn Limits Seasonal Jobs (audio)
By NPR.org
“It’s not a good time to be looking for seasonal employment.”

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