NEW YORK — Santa visited the nation’s mass retailers over the holiday season, but along with delivering sales gains to many, he loaded some of their profits into his bag.
Rampant price promotions, buy-one, get-one-free deals and deep discounts after Christmas threaten to cut into some retailers’ bottom lines. For instance, during visits to stores in New Jersey, shoppers spotted coupons for $5 off fragrance gifts sets priced $24.99 and up, and spend-$50-and-get-$20-off deals.
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