By Chris Burritt
Nov. 27 (Bloomberg) -- U.S. retailers, offering holiday discounts of 50 percent or more this week, may see profits erode even as customers flock to stores.
Wal-Mart Stores Inc. will mark down toys and TVs online through this week, while Kohl's Corp., the fourth-biggest U.S. department store, sold jewelry at 60 percent off during the first days of the holiday shopping season, which started the day after Thanksgiving, so-called Black Friday. Analysts said a lack of ``must-have'' products in 2007 means retailers will rely on lower prices, threatening margins in the biggest quarter of the year.Sales in November and December may increase at the slowest pace since 2002, according to the National Retail Federation, as rising fuel and food prices discourage consumers from purchasing higher-priced gifts. The NRF said shoppers each spent an average 3.5 percent less this year during the weekend after Thanksgiving.
``Black Friday draws crowds, how about profits?'' Roxanne Meyer, a CIBC World Markets Corp.
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