Christmas Stocking

The January sales may be a bonanza for shoppers, but all too often they are the result of a failure to get the demand forecast and prices right. Penelope Ody explains how retailers are seeking a better deal

Whether it's because of an unseasonably warm autumn or an unwillingness to pay full price, there is plenty of cut-price merchandise on offer at present as retailers start their winter clearances in the fortnight before Christmas. With minimal inflation and many retail prices down, especially in clothing, it's a bargain-hunter's paradise. But it's bad news for high-...

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