Black Friday sales are being closely scrutinized by economists and Wall Street analysts for signs of how the U.S. is rebounding from the depths of recession, according to the Wall Street Journal.
Economists and Wall Street analysts are watching results for Black Friday shopping for signs of how well the U.S. economy is rebounding from the depths of recession, according to a story in the Wall Street Journal.
Written by Miguel Bustillo, Elizabeth Holmes and Ann Zimmerman, the story says retailers entered the holiday shopping season in better shape than last year, with lower inventories and better cost controls.
The National Retail Federation predicts a 1 percent decline in U.S. holiday sales, compared with a painful 3.4 percent drop a year ago.
WSJ Online subscribers may read the full story here.