Retail watchers in the U.K. say companies are launching clearance sales online there before...

|By:, SA News Editor

Retail watchers in the U.K. say companies are launching clearance sales online there before Christmas in an effort to offset lackluster sales in stores. In a game of chicken with consumers putting off their holiday season purchases, major sellers such as Marks & Spencer (MAKSY.PK) and John Lewis blinked first by slashing prices. The trend hasn't crossed the pond yet with department stores such as Macy's (M) and Nordstrom (JWN) still pushing hard for last minute foot traffic.