Sponsors
Billabong ▲ +0.010 | PPR ▼ -1.40 | American Apparel ▼ 0.000 | The Buckle ▼ 0.00 | Columbia ▼ 0.00 | Deckers Outdoor ▼ 0.00 | Dicks ▼ 0.00 | Foot Locker ▼ 0.00 | Genesco ▼ 0.00 | Iconix Brand Group ▼ 0.00 | Jarden Corp ▼ 0.00 | Nordstrom ▼ 0.00 | Luxottica ▼ 0.00 | Nike ▼ 0.00 | Pacific Sunwear ▼ 0.00 | Skullcandy ▼ 0.00 | Sport Chalet - 0 | Urban Outfitters ▼ 0.00 | VF Corp ▼ 0.00 | Quiksilver ▼ 0.00 | Zumiez ▼ 0.00 | Macys ▼ 0.00 | Tillys ▼ 0.00 |
Ticker Sponsor
Readers Say
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Industry Insight

SDSI: 7 new companies accepted into the Springboard business mentoring program. AGENDA: Registration and travel planning now open for January and February trade shows.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Deep discounting continues at malls

By Tiffany Montgomery
December 23, 2011 7:27 AM

A story today in the New York Times highlights something I’ve seen all holiday season at shopping centers – extreme, storewide discounts at lots of major retailers.

 

The discounts mean retailers were too optimistic about holiday sales, built too much inventory, and are now panicked and trying to clear it, analysts said.

 

Ann Taylor is offering 50% off the store, Gap 60%, J Crew 30%, Abercrombie & Fitch 40%.

 

An analyst quoted in the story said those stores were attracting most of the traffic, while retailers with more modest discounts were slower.

 

Overall, holiday sales were up slightly as of December 17 - .5 percent – vs. the same month last year, according to ShopperTrak.

 


More on: holiday shopping

Articles You Might Have Missed