Discounting news and archive

Data shows retailers are discounting early to clear 2020 stock

With a second wave of Covid-19 lockdown restrictions to contend with, retailers must navigate the holiday and discounting season with data to be able to respond as quickly as possible. According to retail data intelligence experts Edited, Black Friday reductions are being offered early. In Europe Italy is aligning the number of products reduced...

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Retail

How retailers can capitalise on Black Friday

Black Friday may be a saving grace for many retailers, who to date faced a tumultuous year and are currently navigating lockdown 2.0. For fashion businesses, Black Friday may be an opportunity to sell older and slow-moving stock ahead of Christmas and the heavy discounting season. Discounts are deep Data analytics giant Edited in its latest...

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Retail

Sale of the century: how retailers should approach discounting in crisis

In the UK, the spring summer discounting season is already hailed as the sale of the century. Not since the financial crisis in 2008 has so much product remained unsold. Unsurprisingly retailers are desperate to offload their stock. Many began discounting in March and April, at the start of lockdown when governments ordered stores to be closed....

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Fashion |OPINION

Discounting costs luxury its cachet

London - Discounted luxury fashion and designer deals found in second tier stores may do great things for a company's profit margins, but ultimately they damage the cachet of the brand. Customers who are willing to spend four digits on a designer handbag at full price may be alienated when the same bag can be purchased for half price at...