Worst holiday season in decades means big price cuts now

sale sale saleIf you do decide that shopping is the answer, you'll be set to save a lot in the coming weeks of post-holiday markdowns. Due to an unusually bad holiday season for retailers -- with sales down 19% to 21% for apparel, and 26% for electronics -- stores are making huge markdowns and coming up with creative ways to rid shelves of merchandise. Retailers are bundling goods, offering a free wingchair with a couch, for instance, and every incarnation of buy one-get one free imaginable.

With analysts worrying about whether it's possible to "retrain the consumer to pay full price," it's certain that consumers are in a good place. Don't be retrained, people! Embrace your obstinacy in this post-holiday please-let-it-be-a-recovery markdown period.
Read Full Story
  • DJI25883.25443.861.74%
    NASDAQ7472.4145.460.61%
  • NIKKEI 22520900.63-239.08-1.13%
    Hang Seng27900.84-531.21-1.87%
    DAX11299.80210.011.89%
  • USD (PER EUR)1.13-0.0001-0.01%
    USD (PER CHF)0.99-0.0011-0.11%
    JPY (PER USD)110.41-0.0940-0.09%
    GBP (PER USD)1.290.01000.78%