Big Retailers Cutting Prices to Reverse Weak Sales - New York Times

Retail is going down in the market. I think they are in for a bad quarter, but long-term, the luxury department stores are going to be OK. I think the discounters will have a better 4th Quarter than the market thinks. I'm not sure why, but I think it lies with the fact that people will be looking down market this holiday season. The middle will be crazy bad.