Holiday outlook cautiously optimistic ahead of Black Friday

holiday shopping, Nordstrom's, shoppers, Black Friday
holiday shopping, Nordstrom's, shoppers, Black Friday

Holiday projections are upon us: the talking heads are already making all sorts of predictions about hot toys, hot categories, how much we'll spend and where we'll shop. Will holiday spending be up or down? Will electronics be popular and will retailers keep offering huge deals?

We suspect the answer to these last two items will be yes, but we turned to an expert for more details.