Stores' Dismal December Means Prices Should Fall

High-end stores fared far worse, and luxury items will probably get cheaper. Saks Inc. posted a sales decline of almost 20 percent, while Neiman Marcus Group was down more than 27 percent.

Pedestrians walk past Generations Menswear on 8th Ave. Wednesday, Jan. 7, 2009, in New York. Retailers are reporting dismal sales for December, confirming fears that the holiday season was the weakest in four decades. (AP Photo/Craig Ruttle)

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