AP Business SummaryBrief at 9:57 a.m. EST


AP Business SummaryBrief at 9:57 a.m. EST

Shoppers hit Black Friday sales with celebratory mood despite economic strain

NEW YORK (AP) -- The economic picture hasn't looked very rosy. Hiring has been sluggish. Consumers have been hit with soaring meat prices. Layoffs are rippling through companies. But despite those concerns, shoppers were hitting the stores in full strength on Black Friday. They were sipping champagne as they searched for discounts on the day that traditionally kicks off the holiday shopping season. Many retail executives have reported customers becoming more selective with their purchases while at the same time remaining willing to splash out for important occasions like the winter holidays.

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