Retailers Offer Bigger Black Friday Discounts

November 25, 2023 4:40 am

NEW YORK (AP) — Shoppers hunting for big deals packed malls on Black Friday as retailers stepped up discounts and other perks to lure customers weighed down by inflation and sticking to tighter budgets. Consumers are coming under pressure as their savings dwindle and their credit card debt grows. And although they have gotten some relief from easing inflation, many goods and services like meat and rent are still far higher than they were just three years ago. Malls including Macy’s at Herald Square in Manhattan were packed with Black Friday discount hunters. The National Retail Federation, the nation’s largest retail trade group, forecast that U.S. holiday sales will rise 3% to 4% for November through December, compared with 5.4% growth a year ago.