Associated Press quotes Assurance Partner Ron Friedman, head of Marcum’s Retail & Consumer Products group, in article about slow holiday sales.
By Anne D'innocenzio
The unseasonably warm weather has left some people feeling cold about holiday shopping.
“Winter didn’t happen and so the clothes, the scarves are not selling,” said Ron Friedman, head of the retail and consumer products group at accounting firm Marcum LLP. As a result, he says shoppers will see discounts of 75 percent in after Christmas.