October 04, 2012
Ronald Friedman, Co-Leader, Retail/Consumer Products Industry Group, Quoted in BloombergBusinessweek Article "U.S. Retailers' September Sales Top Estimates"
U.S. retailers’ September same-store sales topped analysts’ estimates, led by discount and specialty-apparel chains that benefited from back-to-school shopping, while department stores trailed projections.
“The winner of the group is TJX,” Ron Friedman, head of retail and consumer products at accounting firm Marcum LLP, said in an interview today. “They’re where everyone was last year, but they’re still there, and nobody else is there really. They had the right product, they hit the kids for back to school.”