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CIT Executive Insights: Commercial & Industrial – Retail Expectations
NEW YORK--(BUSINESS WIRE)--Now deep into the holiday season, some observers are cautiously optimistic towards the outlook for the retail sector, while others are outright skeptical. At the same time, the private equity community remains interested in retail, believing that the sector can offer the opportunity to achieve scalable growth. These are some of the observations shared by Burt Feinberg, President, CIT Commercial & Industrial Finance, a division of CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending and leasing services, in “CIT Executive Insights: Commercial & Industrial – Retail Expectations” (cit.com/feinberg), the latest piece of market intelligence in the CIT Executive Insights video series.
“Listen closely and you’ll hear mixed messages from financial analysts and in the media regarding retail,” said Feinberg. “Despite all this skepticism and potential volatility, the private equity community likes retail. Why? They believe that the right concept can scale quickly. Through the right combination of investment in e-commerce and digital platforms, plus the expansion of the store footprint, revenues can grow dramatically.”
Some of the other trends Feinberg expands upon include:
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About CIT
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across more than 30 industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. cit.com
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Matt.Klein@cit.com
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