Subdued Black Friday Shopping Expected at Southern California Stores ...Middle East

Times of San Diego - News
Subdued Black Friday Shopping Expected at Southern California Stores
Early Black Friday shoppers line up outside stores at Citadel Outlets in Commerce. (AP Photo/Jae C. Hong) With the economy showing signs of slowing down ahead of the holiday shopping season’s annual Black Friday kickoff, Southern California retailers likely won’t see the profits they did last year, according to a Chapman University economics expert. “People are spending more, but that’s because prices are higher, not because they’re buying more,” Raymond Sfeir, director of the A. Gary Anderson Center for Economic Research, told City News Service. “People are spending more on services” such as traveling and dining, but less on manufactured goods, Sfeir said. “So things are not going

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