Have yourself a very thrifty Christmas

11/11/2008 | Bloomberg Businessweek

Parents will tread carefully this year as they face the holiday season amid tough economic times. Many children who discovered Xboxes and iPods under the tree in better times will find that Santa left lower-priced clothing and other recession-friendly gifts this year. Retailers including Kohl's and J.C. Penney are positioning their promotions and offerings to match the changing demand.

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