Black Friday Could Boost These Discounters: CEO
During the last couple of years, the discount retailers he mentioned have shored up their balance sheets and cut inventory and overhead and have "a very good business model," he said.

Local "mom-and-pop" stores are not performing as well, he said.

“The local stores — the true mom and pops — as a percentage of total retail sales is continuing to decline over time," he said. "They’re simply losing the battle. If you have a local coffee shop for instance, it’s losing the battle to Starbucks and Dunkin' Donuts and others."

Henry added that although both the high- and low-end stores are drawing consumer demand, the middle segment “isn’t holding up that well right now.” He cited Gap as an example of a retailer that is attempting to attract the middle segment.

WATCH: Insight on Black Friday with Barclays Capital

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Disclosure information was not available for David Henry or his company.

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