Retailers Not Holiday Deep Discounting

So as the holiday season enters its last few shopping days, it looks as if retailers aren’t going the Black Friday route and offering deep discounts to draw in throngs of shoppers.“It’s a much more controlled environment,” Saks CEO Stephen Sadove was quoted saying in the Wall Street Journal. Much of the reason for this is better inventory planning, industry observers say, a practice that has helped chains’ bottom lines, even as sales continue to slide. Plus, there might be pent up demand out there after disappointing sales in November.Will this strategy work for chains, or is this holiday selling period bound to prove tough again for the industry?