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4 October, 2008. Customers check items on sale in the Ann Taylor-LOFT store in Times Square. As the financial crisis spread last month, many retailers hit the panic button, offering more generous discounts than they did at the same time last year. But the promotions did little to convince cautious shoppers to open their wallets.

©2008 Gianni Cipriano for The Wall Street Journal
cell. +1 646 465 2168 (USA)
cell. +1 328 567 7923 (Italy)
gianni@giannicipriano.com
www.giannicipriano.com

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© Gianni Cipriano
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20081004_WSJ_DISCOUNT
4 October, 2008. Customers check items on sale in the Ann Taylor-LOFT store in Times Square. As the financial crisis spread last month, many retailers hit the panic button, offering more generous discounts than they did at the same time last year. But the promotions did little to convince cautious shoppers to open their wallets.<br /> <br /> ©2008 Gianni Cipriano for The Wall Street Journal<br /> cell. +1 646 465 2168 (USA)<br /> cell. +1 328 567 7923 (Italy)<br /> gianni@giannicipriano.com<br /> www.giannicipriano.com