November 23, 2012
Ronald Friedman, Co-Leader, Retail/Consumer Products Industry Group, Quoted in Dow Jones Article "Retailers May Be Heading Towards Holiday Cliff"
By Karen Talley
So far, so good. Parking lots are filled, malls are packed, and customers are finding waits at checkout lines. "We're going to have a great retail weekend," says Ron Friedman , head of retail for Marcum, an accounting and consulting firm. "Shopping right now is a tradition; people want to be out in the malls for Black Friday." But what happens in Washington over the next couple of weeks will decide if retailers have a happy holiday, Friedman says. "If something isn't done about the fiscal cliff we very well may not have a good Christmas. People will be worried about their jobs and spending."
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