Fashion

[gardensla]

This article goes into the whys of this season's nearly unprecedented price slashing and it's a good read. Stores, including the big mall anchors, are discounting 30, 40, even 50% and are still overrun with clothing with new spring merchandise coming in.

Has anyone been out mall shopping and are you seeing these deep discounts?

LINK to ARTICLE

One paragraph that stood out for me:

Whether consumers will be attracted to the extreme discounting is still an open question. What percent does it take to get them to pull out their credit card? Forty percent off is the new 20 percent, according to a recent American Express Spending & Saving Tracker survey.