By  on December 29, 2008

Returns, rummaging through racks and racks of discounted apparel and self-purchasing ruled the day at stores across America in the post-Christmas stretch of the holiday season.

That left retailers feeling frustrated and disappointed about the outcome; even more concerned about the impact on fourth-quarter profits than they were earlier in the month, and fretting over 2009 as the recession takes a tighter hold on consumers’ psyche and the possibility of more retail bankruptcies loom.

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