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The malls are empty, parking spaces are unlimited. Retailers and shoppers take a rest from the mad dash for holiday gifts but only for a day. Expect the day after Christmas to be crazy.
The sales ads are staggering. Department stores are offering 50 to 80 percent off clothing and accessories. Retailers are hoping to profit whether or not you shopped all the way up until Christmas day.
"The retailers are struggling this year to get people to come and shop. The other problem is this weekend when stores were advertising 50, 60, 70 percent off, those consumers who were done didn't come out and shop this was one of the worst retail weekends in five years less," says FOX 35 Consumer Expert Britt Beemer.
It sounds like a good plan but will it work? The economic outlook still looks grim and many shoppers aren't sure what the future will hold.
Beemer says in times like these, shoppers go into a survival mindset and slash spending by 30 and 40 percent.
Thursday, December 25, 2008
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