Retailers, consumers and prices
Check Out Line: It’s the most worrisome time of the year
More shoppers flocked to stores over the Thanksgiving weekend (like these shoppers heading into Macy’s at 5 a.m. on Black Friday). However, they spent a lot less per person than last year.
And, in what could be a bad sign for credit card companies, a large chunk of them paid with cold, hard cash.
Will shoppers spend more as the weeks until Christmas progress? Or is this more frugal American shopper really the new normal that retailers have to plan for?
Also in the basket:
Zac Posen to design for Target (WWD, subscription required)