Bargains cut into retail profits
Christmas sales up 3.4%, report says, but deals drove traffic
Posted: January 6, 2012 at 3:50 a.m.
Customers wait to check out at a Kohl’s department store in La Habra, Calif., in November. Many retailers reported solid gains for December, capping a decent Christmas season.
Retailers on Thursday reported a mostly positive end to the Christmas shopping season, although some of the gain in sales came at the expense of profit margins.
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Business, Pages 27 on 01/06/2012
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