SANTA ANA, Calif. (CNS)—Orange County’s shopping malls likely will suffer on Black Friday, traditionally one of the busiest holiday shopping days of the year, because of COVID-19 pandemic restrictions, but overall local retailers will fare well thanks to online commerce, a Chapman University professor said.
“What’s important is that by staying at home people don’t spend as much as they would have under normal circumstances so the savings are much higher than what they would have been otherwise,” said Raymond Sfeir, director of the A. Gary Anderson Center for Economic Research at Chapman University in the City of Orange.
