PriceSCAN Press Release
12/3/08
7 Megapixel Digital Camera Index Drops 4% in Lead Up to Black Friday
PriceSCAN Vice President of Financial Products Daniel Fehder commented that our 7 Megapixel Digital Camera Index dropped 4% in the days leading up to Black Friday. This is as compared to a 6% drop since the beginning of September, excluding last week.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “Cameras are of both popular gifts and heavily utilized this time of year. Sharp discounting of digital cameras before Black Friday is yet another example of tech retailers and manufacturers attempting to get ahead of the curve in what the clearly anticipate will be an extraordinarily weak holiday season.”
About The PriceSCAN Manufactured Product Indices
The PriceSCAN Manufactured Product Indices are a set of 50 indices tracking a broad array of finished good prices at the retail level. The PriceSCAN indices are carried on Bloomberg's data service under the ticker symbol PRIC and are available on PriceSCAN.com’s website at http://www.pricescan.com/indices. PriceSCAN.com also makes available customized data packages for clients in the financial, technology and retail communities.
About the PriceSCAN.com Econometric Team
Dr. Jeffrey J. Trester is Co-CEO and Chief Economist of PriceSCAN. After graduating MIT and attending Yale for graduate studies in theoretical physics, Dr. Trester received his PhD in financial economics from the Wharton School. He has also served on the Philadelphia Federal Reserve Bank’s Business Council. Daniel C. Fehder is Vice President of Financial Products at PriceSCAN.com. A graduate of Harvard and University of Pennsylvania, he can be reached for comment at analytics {at} pricescan.com
About PriceSCAN.com, Inc
Founded in 1997, PriceSCAN.com is a comprehensive price and product comparison service. Millions of consumers a year have used PriceSCAN.com to bargain hunt. In addition to price comparison, PriceSCAN.com offers objective vendor ratings, a price focused technology blog, user reviews, price trend graphs, and email price target alerts.
