Black Friday starts strong
- Posted on December 19th, 2011 filed in Newspaper
Edward Deak, an economics professor at Fairfield University, said Friday the last few holidays for retailers were”stinkers, to be honest.” This year, retailers are hoping for a 2- to 3-percent increase in sales over last year, but that target would probably be heavily dependent on electronics sales and activity in the high-end stores, like Tiffany’s and Neiman Marcus, he said.
“Personally, I’d love to see 5 percent,” Deak said. “A 5- to 6-percent rise would be across the board.”
Published in Stamford Advocate, Danbury News Times, Greenwich Time, Connecticut Post on 11/25/11