Prices are being cut by up to 75% this weekend as retailers prepare for a 'bargain basement' Christmas. Around half of families are tipped to spend less this year on food and presents than they did last time. Part of this will be due to the discounts on their regular purchases - but customers are also expected to go without many favourites in the credit crunch. The Mintel research came ahead of the traditional start to the festive shopping season. Sales and vouchers offering huge savings are available from today, with retailers promising the best bargains in 30 years. Some of the major names promising deals are Debenhams, with savings of up to 50 per cent on items for the home and partywear, House of Fraser, M&S, furniture and electrical chains. Laura Ashley and Bhs are also offering big savings on lighting and other items....
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