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ABOUT THIS BLOG

It's a make-it or break it time for retailers. The holiday selling season is always a critical time for retailers, but this year this may be even more true. With several retailers already falling victim to a drop in consumer spending, and filing for bankruptcy, retailers will be navigating through some tricky waters. Consumers are strapped for cash due to high energy and food prices, and unemployment is rising. The recent credit crunch has made it more challenging for retailers and consumers to borrow.

This blog will look at the winners and losers in the retail space. Who has the right strategy to capture consumer dollars? It also will look for trends in consumer spending and how that will impact the economy.

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Dec.19

11:46 AM ET

Friday, 19 Dec 2008

Retailers to Unleash Jaw-Dropping Sales in Final Holiday Push

Posted By:Cindy Perman

Topics:e-commerce | Holiday Central | Economy (U.S.) | Consumers

Sectors:Personal and Household Goods | Retail

Companies:Macy's | Kohls Corp | Saks Incorporated | Wal-Mart Stores Inc | Amazon.com Inc

You know what they say: The early bird gets the worm.

Source: kandyjaxx

Well, this year, the playbook has changed. Sorry, early bird. It's the late bird that's going to get the worm this year.

Retailers are going to be pulling out all the stops this weekend — the last weekend before Christmas — with everything from jaw-dropping markdowns to round-the-clock openings in a last-ditch attempt to save the season.

Barneys and Saks [SKS Loading... () ] are among the slew of retailers offering 75-percent off, Dana Telsey, of Telsey Advisory Group, told CNBC.

>> Watch the video of CNBC's interview with Dana Telsey.

And, with a storm starting to blanket the Northeast, analysts say, expect to see stores react in real-time, with cobbled-together coupons.

"You will go in the stores and you will see coupons that are photocopied to say 'Take another 25 percent off,'" Barclays Capital analyst Robert Drbul told Reuters.

Gift Guides

Retailers including department-store operator Kohl's [KSS Loading... () ] and discount giant Wal-Mart Stores [WMT Loading... () ] are extending their store hours, and some Macy's [M Loading... () ] stores are going to be open 24 hours in the days before Christmas so shoppers have ample time to scoop up the sales.

Read the full Reuters story on the monster sales expected this weekend.

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