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Recession Fading, But Discount Fervor Continues

Retailers resorted to deep discounting to spur sales during the depths of the recession. But even with the economy now in recovery mode, shoppers still expect to pay promotional prices for their purchases.

“Shoppers who got addicted to buying merchandise at a discount during the last recession have more tools than ever to cross-check prices and find bargains, creating a race to the bottom – particularly on clothes.”

Read More at Los Angeles Times