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PricewaterhouseCoopers
Black Friday highlights the contrast between rich and poor
Black Friday highlights the contrast between rich and poor

In Northeast Los Angeles, 1,000 people huddled in the evening chill last Thanksgiving as they waited outside a Target store for the chance to snap up Black Friday deals. Across town at the Grove, the mostly upscale stores such as Barneys and Nordstrom were closed that night. Holiday shoppers didn't start massing until well into the next morning. This year's annual ritual of conspicuous consumption promises an even greater contrast. Discounters and mid-priced chains, eager to gain an edge on competitors for limited gift budgets, have again moved their opening times earlier into Turkey Day, with Kmart leading the pack by launching specials at 6 a.m. Higher-end retailers,...

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