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Drastic discounts appeal to holiday shoppers

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  • Drastic discounts appeal to holiday shoppers

    By Nicole Maestri

    NEW YORK (Reuters) - Shoppers took advantage of drastic price cuts this weekend, but even markdowns of 60 percent to 70 percent could not entice those who had already completed their holiday gift buying, according to a survey released on Monday.

    "People that went out and shopped spent more money than planned," said Britt Beemer, founder and chief executive officer of America's Research Group, which conducted the survey, including questions posed by Reuters.

    Full Story: Drastic discounts appeal to holiday shoppers | Reuters
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