Stores keep their fingers crossed

November 29th, 2008

NEW YORK — Black Friday appeared to start strong this year, but analysts warned that the robust start to the critical holiday shopping period could fade as the weekend progressed.
“[Shoppers] know exactly what they want, where to shop for it and who has the best deals,” said Britt Beemer, retail analyst and chairman of America’s [...]

Wall Street’s eyes are on the consumer

November 9th, 2008

As the market gets ready for what will most likely be another jerky week, all eyes are focused on the consumer.
Battered from the credit crisis, housing market slump as well as recession, consumers have been more cautious about their spending. This week will bring more insight on how reserved they’re become.
“We’re just getting wave after [...]