November 24, 2011
In this Oct. 27, 2011 photo, Lorraine Hitch, senior vice president of J.C. Penney, talks about items in the Glamour display, in New York. As consumers go, so goes the economy. Consumer spending accounts for 70 percent of economic activity, so a strong shopping season could be just the boost the economy needs.
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Retailers awaiting the arrival of Black Friday are on the edge. How well they do during the biggest shopping season of the year will have lasting consequences not just on them, but the still-fragile economic recovery.