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Saturday, 28 November 2009 - Big crowds hit US 'Black Friday' shops
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    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Big crowds hit US 'Black Friday' shops AFP - Saturday, November 28 Send IM Story Print Shopper Trey Hoffman tries to get some rest while waiting in line for the 5 a.m. opening of a Target store in Fort Worth, Texas. Many shoppers waited in line for hours for the chance to snatch up limited quantity specials that the store was offering. According to the National Retail Federation, a trade organization, as many as 134 million people will shop over the next three days. NEW YORK (AFP) - – US stores threw their doors open before dawn on Black Friday, the biggest shopping day of the year, but how wide recession-hit consumers would open their wallets was another question. Long lines of bargain hunters stretched in the dark outside New York discount retailer Target in Brooklyn and department stores in Manhattan. "The deals are actually better than last year, more than 50 percent off," said Varere Jordan, a 42-year-old conductor on the city's subway trains who had been out since 5:00 am and bought a flat screen television for 249 dollars from Target. Across the nation, some 57 million people planned to hit the shops, while another 77 million were ready to go if they heard of good deals, according to a survey by the National Retail Federation. As the world watches to see if the United States can emerge from recession, the health of the retail sector is a crucial indicator and Black Friday, which follows Thursday's national Thanksgiving holiday, is the main focus. Named as the day when retailers' books should enter a positive balance, Black Friday is often the early peak of the end-of-year shopping season during which stores make almost 20 percent of their income. Jaw-dropping price cuts always lure droves of shoppers. Last year, a Wal-Mart employee outside New York was crushed in a stampede. This year, analysts are cautiously optimistic. A BDO Seidman Retail Compass survey pointed to a 1.8 percent increase in combined sales from Black Friday and next week's Cyber Monday, when Internet shoppers are treated to discounts. But with unemployment at 10.2 percent -- a 26-year high -- consumers this year are also expected to be pickier, dampening retailers' hopes for a bonanza. The National Retail Federation forecasted a one percent decline in overall holiday season spending to 437.6 billion dollars. Aziza Alexander, a 23-year-old nurse, began visiting stores in central Manhattan with a friend at 5:00 am and three hours later had only a couple bags of clothing to show for it. "The sales are OK. They could be better," Alexander said. "I think everyone is still watching their spending carefully. We're on a budget. We're very choosy." Malcolm Williams, 28, and Nicole Brehon, 29, had been out since 3:00 am and had not bought a thing. "We don't feel the shopping mood at all. We're just checking around," said Williams, who runs a small variety store. "It wasn't what we expected," Brehon added. "It's the same kind of deals as every day and they just call it a sale." IT analyst Deborah Smith, 56, said she was hunting for a particular pair of boots. "People are looking for bargains," she said. "Because of the financial disaster last year, people got used to bargains and now they may think there aren't enough. I think the retailers will be surprised if they don't cut prices more." For Paul and Amanda Jackson, married this week and visiting from Britain, the mad, pre-dawn rush to the shops was easy: they were still jetlagged but woke up anyway. They were not overly impressed by the deals, but awed by what Amanda Jackson called "the spectacle" outside classic New York department store Macy's. "We were at Macy's at 5:00 am," she said. "It was all cordoned off. There were tons of people and TV crews and everything. We had a preacher with a megaphone saying it's a sin to shop!" 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