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Investor Uprising Blog

Ronald Friedman, Co-Leader, Retail/Consumer Products Industry Group, Quoted in the Investor Uprising Blog Article "Retailers Already Geared Up for the Holidays"

Featured: Ronald Friedman, Partner, Assurance

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In the article, Mr. Friedman said shoppers are buying online more than ever before. Online sales are expected to improve at name retailers, such as Macy's (NYSE: M) and Nordstrom and other stores that have brands that people know. Shoppers that fled Nordstrom and Macy's for Wal-Mart Stores Inc. (NYSE: WMT) and Target (NYSE: TGT) in the thick of the recession will return to the department stores, he predicts. "There's a lot of pent up demand."

Additionally, Mr. Friedman said “Same-store sales (stores open more than a year) at retail chains have seen sales rise at an annual rate of 3% to 5% this year. That trend is expected to carry forward into the holiday shopping season.”

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Featured
Ronald Friedman

Partner
Assurance
Los Angeles, CA
 
 
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