The early bird gets the worm – but the last-minute shopper gets the big discounts.
CNBC’s Margaret Brennan reports that major New York department stores are slashing merchandise prices in hopes of luring in procrastinators – who might have been waiting for just such enticements.
She says Saks’ flagship Fifth Avenue store is offering many items at 40% off – and that’s a second price cut on a lot of those pieces, which had already been discounted this season.