So, even though we are in an economic recession that seems to be affecting people in this economy, sales on black Friday were up 3% nationwide! While middle-retailers like Mervyn's are sinking, discount firms and luxury are doing well. In fact, Tiffany's celebrated the opening of their new store in Southern California last month and plans several more new stores next year.
What's up with this? Does the news really reflect the way consumers are thinking?