Posted: Sep 2, 2012 7:27 AM
Updated: Sep 2, 2012 7:27 AM
The following story will move this morning as the Monday Spotlight, a feature that showcases the best off-the-news enterprise in the AP report:
ADDICTED TO DISCOUNTS
NEW YORK Americans are increasingly deal crazy. Shoppers have become so obsessed with sales that many refuse to shop any place that isn't having one. These deal junkies are thorns in the sides of most retailers because the discounts it takes to get them into stores eats away at profits. So, big chains like J.C. Penney and Lowe's are trying to wean sale-addicted customers off of deep discounts in favor of everyday low pricing. It's the biggest shift in pricing in decades. By Retail Writer Anne D'Innocenzio.