By  on October 19, 2011

In the third annual Retail Finance Outlook 2011 study by CIT Group Inc. and Forbes Insights, the majority of middle-market retail executives expect the financial crisis to extend into 2012 or beyond, even though many believe their own firm’s future sales will increase.

Burt Feinberg, group head of CIT Commercial & Industrial, a part of CIT’s corporate finance group, said, “The executives are looking at their own results and see that comparable-store sales aren’t bad across the board. Their companies are performing OK, but they are skeptical about the [economic recovery] and are being defensive.”

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