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December 6, 2005

All Business: Discounts won't help retail profits, stocks

  • The risk for investors is that price cuts and giveaways seem to be at new extremes this year.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Parking lots are filled. Shoppers are fighting for merchandise. Stores are packed. And guess what? That may not mean much when it comes to retailers' profitability.

    You wouldn't know that by watching how investors are scooping up retail stocks. Maybe they should be more wary about getting caught up in the buying frenzy.


     
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