Black Friday seen as a bumpy shopping launch for retailers
Black Friday seen as a bumpy shopping launch for retailers
By Olivia Rockeman | Bloomberg
The recent wave of relief across the retail industry is giving way to a sense of foreboding ahead of Black Friday and the holiday shopping season.
Shoppers helped companies such as Macy’s avoid the worst-case scenario in the third quarter, loading up credit cards to absorb higher prices for food and household items while taking advantage of steep discounts for…