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Economics

Retailers in the US Push Big Holiday Discounts to Ease Inventory Avalanche

  • Age of scarcity for many goods subsides as US economy weakens
  • Stores face margin ‘double whammy’ of high costs, discounting

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If last year’s holiday shopping season was characterized by empty store shelves and a race to meet demand in a healthy US economy, very different concerns have emerged just 12 months later: overabundance and sinking sales.