On the heels of a record Black Friday followed by a Cyber Monday that went down athe highest-grossing online shopping day in U.S. history, there's one thing retailers know for sure, according to CNNMoney -- shoppers love a good deal.
To encourage shoppers to keep spending between now and the end of the year, expect retailers to keep slashing prices, said Marshal Cohen, chief industry analyst at the NPD Group.
"This is not the season to be standing on principal," said Joel Bines, managing director in the global retail practice at AlixPartners. "All retailers need to have their foot on the gas in terms of promotions."
Even though Black Friday weekend and Cyber Monday notched new records, those key shopping days were not enough to lift retailers out of the doldrums, they said….
http://money.cnn.com/2011/12/01/pf/holiday_sales/index.htm?iid=HP_River
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