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Now let's -- one of our other big stories today courses Black Friday consumers hitting the -- -- retail experts say.
More people be taking advantage of bargains this year affect The National Retail Federation says.
It expects a 134.
Million people to head out to the stores for this weekend.
Number would be up 5% from last year in for an it's an audit on Black Friday Patrick McKiver joins us.
And KM partners' retail analyst Patrick good to see you early on this.
Black Friday what should we be looking for because we had a poll earlier.
The poll was from -- sent troops and -- think eighty plus percent 86% of shoppers say they're not gonna buy anything but -- -- 20% discount that what we're expecting today.
Maybe maybe I think I mean the general theme this year will be.
Better than last year.
It was I'm not saying that times are good right now but.
There at least returning to normal to some extent in the retail world so.
And this time last year it was a month or so after the collapse of Lehman Brothers.
Had melted down quite a bit so consumers were a little bit shell shocked this time last year.
And it's this year -- -- -- things are getting a little bit better OK so if that's true if things are getting better what should we be watching.
Only today and this weekend but as we head and get closer to Christmas.
It in terms of trends what's gonna emerge from this year -- the story about nine.
Value certainly value his king I think and it has that has been the case all year so.
There have been some retailers that have done extremely well let's hear some of the off price apparel retailers like TJ Max and Ross Stores have done very very well this here.
It's almost like those companies are not even -- that that almost as if we are not in a recession the numbers have been set so.
I think Wal-Mart will do OK.
But I mean it's such a big company at this country takes so much to move the needle.
And I think you'll see actually a little bit some signs of life perhaps in the luxury -- space that we -- from which is telling -- so while we saw enough.
Tiffany in their last earnings report and -- a while -- I guess Hyannis holding up or maybe it's just story at Tiffany's executing better than others -- you think that'll translate to other stores besides.
Tiffany and -- so you know who's best position that -- I do I mean the big brands.
Tiffany coach I think sex even will probably do okay this year -- -- and signs of life there over the past few weeks.
That the benefit of course is the the rallying stock market which helps the upper income consumer at least psychologically.
-- more than psychologically but.
Luxury car sales have been picking up so that's something that that probably bodes well for luxury retail sales over the holidays.
That's true anything in terms of hot items this year they did that you guys are following I guess a lot of electronics this weekend -- be gone for a system in different.
Yeah I mean I heard you talking about those this is -- -- earlier apparently those are huge.
The hand held its devices like the DS -- -- DS side.
Oh Lago I think it's going to be quite -- again this here in the -- area but primarily today Black Friday.
It's largely electronics.
Largely electronics on Black Friday.
OK Patrick believe that the -- gonna be on our Internet show in the next couple hours to --
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