People might shop this holiday season after all - if retailerskeep slashing their prices. This BusinessWeek article says thatOld Navy has pairs of gloves for $1, and even Saks has slashedprices on some items by almost half.Says retail analyst JenniferBlack: ""I have never seen any environment like this. The fight ison ... They are all scared."Even chains like Kmart andTJX Cos. are using a tactic that we didn't know still existed,putting thing on layaway socustomers can pay in installments. So far those sales haven'thelped too much though, when looking at October's salesresults. Can these strategies help retailers in the longrun? It seems to be working for Wal-Mart. Or will sales like thisdestroy chains' margins and make a terrible situation worse?

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