Stores cut prices to entice post-holiday shoppers
As stores offered rock-bottom prices and extended return policies,
shoppers returned to the malls the day after Christmas. But many were
on the hunt for big bargains on specific items or hoping to return
unwanted gifts — not looking to splurge.
Holiday
sales — which typically account for 30 percent to 50 percent of a
retailer's annual total — have been less than jolly. Job cuts,
portfolio losses and other economic woes have led many Americans to cut
back on their spending. Meanwhile, strong winter storms kept some would-be shoppers at home.AP