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The sands in the hour glass are slipping away and the holiday shopping season for 2010 is about to wrap up. We saw the images of the throngs of people on Black Friday and three days later Cyber Monday hit an all new high and experts were excited about the consumer coming back. Sources tell me retailers are almost near pre-recession holiday hiring levels which bode well for the companies outlook this holiday shopping season.
But did the consumer deliver? The U.S. recovery is still far from over. The real unemployment rate is hovering around 15%. So which stores did shoppers part with their money and what was the mall traffic to bag ratio like? For all this, I asked, Brian Sozzi, Research Analyst of Wall Street Strategies who specializes in the apparel/hardline goods sectors of the retail industry.
LL: Black Friday started off with a bang this year, have you seen the momentum continue this holidayshopping season?
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