Fright Christmas for UK retailers

(01:55) Report

Nov 20 - Fearing a disastrous Christmas, retailers are slashing prices ahead of the festive season to lure in shoppers.

In a sign of the deepening pre-Christmas jitters, Britain's top clothes retailer Marks and Spencer holds a 20 percent sale, its first one-day sale in four years. Many other high street shops have followed.

Stefanie McIntyre reports

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