Mir­a­cle on 34th St.?

Daily Freeman (Kingston, NY) - - BUSINESS -

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.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.