Prices SLASHED.

Upper-end retailers are cutting prices wayyy back this holiday season to create what they call "trip-driving items", purchases that will get people out of the house and into the mall. Some popular sale trends are "bogo", 40-80% additionally marked down from sale prices, changing bargains throughout the day and additional 20% off your purchase of $2,000+ [Macy's].

Despite these outrageous sales, retailers are still focusing attention on their seasonal campaigns promoting specific brands or products. Here's the full article from the New York Times.