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Holiday discounts crimp retailers' profits (AP)
Thursday, 05 January 2012

In this Dec. 13, 2011 photo, Brad Cheskes of Chicago, shops at the Macy's on State Street store in Chicago. Many retailers are reporting solid sales gains for December, capping a decent holiday season. (AP Photo/Charles Rex Arbogast)AP - The 2011 holiday shopping season will go down in the record books as the year the Grinch stole stores' profits.