NEW YORK (AP) - Malls are crammed to the rafters with bargain
hunters as retailers cross their fingers that Black Friday lives up
to its name.
The hoards are out for the annual shopping frenzy after
Thanksgiving, called Black Friday because stores hope it's the day
the sends them into the black.
Retailers have been heavy-handed with the discounting, Best Buy
is offering a 49-inch Panasonic plasma HDTV for $899.99, while Toys
"R" Us knocked up to 60 percent of some of its merchandise.
But the question remains whether anyone will be spending much
money on holiday gifts as a recession nears, credit markets remain
frozen, layoffs loom and consumer spending shrinks.
At a Best Buy in Syracuse, N.Y., people lined up eight hours
before the store's 5 a.m. opening. The mall's manager estimated
about 1,000 people were waiting for the electronics store to open.