Miracle on 34th St.?
Shoppers hunting for deals packed the aisles Friday, and the head of one major department store says he’s encouraged by the early numbers of shoppers on one of the busiest days of the year.
Macy’s CEO Terry Lundgren told The Associated Press that shopper numbers were strong at its flagship store on Manhattan’s 34th Street Friday morning, and that he’s encouraged by the early traffic he’s seen.
Lundgren said clothing sales have been good, with sportswear, dresses and even social occasion fashions doing well.
This weekend is crucial to set the tone for the holiday season. Around 137 million people plan to or are considering doing their shopping during the Thanksgiving weekend, according to a survey conducted for the National Retail Federation. That includes online and store shopping.
The NRF, the nation’s largest retail group, expects holiday sales to rise 3.6 percent for November and December, better than the 3 percent growth seen for those months last year.