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Black Friday starts strong

Edward Deak, an economics professor at Fairfield University, said Friday the last few holidays for retailers were”stinkers, to be honest.” This year, retailers are hoping for a 2- to 3-percent increase in sales over last year, but that target would probably be heavily dependent on electronics sales and activity in the high-end stores, like Tiffany’s and Neiman Marcus, he said.
“Personally, I’d love to see 5 percent,” Deak said. “A 5- to 6-percent rise would be across the board.”

Published in Stamford Advocate, Danbury News Times, Greenwich Time, Connecticut Post on 11/25/11

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