Financial Times FT.com

US downturn

US retailers in battle at dawn

By Aline van Duyn in New York and Richard Waters in San Francisco

Published: December 26 2008 20:06 | Last updated: December 26 2008 20:06

Retailers, smarting after a weak Christmas selling season, stepped up efforts to lure bargain-hunters on Friday, with large stores opening at dawn across the US and shoppers being promised extra discounts if they spent money before lunchtime.

Even with the deep discounts ahead of Christmas, the latest analysis of retail sales indicate that the 2008 shopping season has been one of the most difficult in decades.

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