Black Friday OK
No blockbuster but not a washout.
Black Friday OK That was the early read on Black Friday traffic and sales from retail experts, giving some hope but no certainty that the holiday season will play out okay for the industry amid shopping slowdowns seen in October and early November, and inflationary pressures on consumers.
“Once we opened the doors at Herald Square at 6 a.m., there have been greater crowds than 2020 or 2021,” Macy’s Inc. chairman and chief executive officer Jeff Gennette told WWD on Black Friday. “There have been lines at the entire entrances – Broadway, thirty fourth Street and Seventh Avenue – but the largest crowd was on Broadway.”
“We noticed encouraging traffic as shoppers return to stores...
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