Retailers wary as consumer concerns about the economy threaten Black Friday revenue ...Middle East

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Once a uniquely American phenomenon, Black Friday has become one of Canada’s busiest shopping days in recent years – but concerns about the economy could keep spending down this year. “Retailers realize that the consumer is not really in the mood to spend, you know, based on things like interest rates and inflation being a little sticky,” said Bruce Winder, a retail industry analyst. Friday in downtown Vancouver, there was a lot of foot traffic but savvy shoppers were mostly interested in steep discounts rather than more modest deals. “50 per cent, 60 per cent, 70 per cent,” said shopper Marie-Lise Bahjean. A student on a budget, Bahjean wants to reduce her spending this hol

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