Last Friday’s shopping orgy is over and retail experts say it’s all good—a 22 percent advance over last year. Now they’re predicting a 6 percent rise over last year’s total holiday spending levels, with Internet spending leading the way.
Of course, the Internet’s leading the way because its retailers are giving stuff away with two hands, discounting product even more than traditional retailers. (See today’s story in the New York Times.)
–David Rosenbaum
