She said Macy's, Express, Aeropostale, and Abercrombie & Fitch saw good traffic on Black Friday, Telsey said.
Tiffany, the luxury jewelry retailer,
missed earnings estimates
for the latest quarter this week. But Brian Nagel, a senior equity research analyst at Oppenheimer said what really what happened during the quarter was they sold more high-end pieces and less low-end silver-type products.
"That sales mix shift impacted gross margins," he said.
Rumors that Groupon CEO Andrew Mason could be replaced pushed the company's shares higher this week. But Aaron Kessler, a senior analyst at Raymond James, said it remains to be seen whether a
potential management shake-up
would be a good thing for the struggling daily deals site.
—By CNBC.com's Justin Menza
Additional News: The Mobile Retail Revolution
Additional Views: Discounters vs. Luxury Amid Uncertainty
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