May 15, 2012
Ronald Friedman, Co-Leader, Retail/Consumer Products Industry Group, Quoted on the Marketplace Morning Report "Customers Loyal To Discount Brands Even As Economy Recovers"
by Gregory Warner
Gregory Warner: During the depths of the recession a lot of people accustomed to shopping at Macys and Bloomingdales stepped maybe for the first time into discount stores like Ross and T.J.Maxx. But then as the economy began to improve, a lot of those customers stayed.
Ronald Friedman: People who got used to shopping in the T.J.'s and the Rosses, it's amazing you find the same labels in those stores as you do at Macy's.
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