Chains hoping deep discounts will move merchandise
(NEWSER) - While store bargains may have shoppers saying "ho, ho, ho," they've got retailers thinking: "Oh-oh." Heavy discounts in the last days before Christmas are a signal companies are worried they'll be stuck with inventory that isn't moving off the shelves. Retailers had high hopes for the season, but sluggish sales are forcing them now to be “much more aggressive in terms of promotion," a retail consultant tells the New York Times . Toy prices are being slashed as much as 50% at Toys R Us and 70% at Amazon, and gifts have been discounted 50% at places like Restoration Hardware. More»
