discounting news and archive

The end of January sales as we know them

January is usually regarded by consumers as the best month of the year to score a bargain, but turns out those heavy markdowns are a dying retail tradition. Retail analytics firm Edited noticed most of the products advertised as reduced in January were already discounted months prior. While retailers still use January to clear dead stock, the...

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Another 3 reasons why Asos is so succesful

London - Some may say that fashion retailer Asos is one of a kind. The British e-tailer has managed to steer clear of all the challenges faced by its high street rivals and achieved a 33 percent increase in revenues to 1.9 billion pounds for the year to August 31. Profits before tax grew 145 percent to 80 million pounds, as Asos increased its...

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Fashion prices on the cusp of rising as retailers kick off mid-season sales

London - UK shop prices are said to be on the edge of increasing according to the British Retail Consortium, as retailers struggle to balance the higher import costs. Shop prices declined by the smallest amount recorded over the last four years in September, falling a mere 0.1 percent in comparison to the 0.3 percent year on year drop in August,...

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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...

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Fashion |STUDY

Finding the sweet spot in discounting

In a perfect retail landscape, brands and retailers would be able to order the exact number and style of products to satisfy consumer demand, without fear of ending up with an surplus. However, since we live in a volatile world which is constantly changing, certain practices of the industry such as discounting and sales are unavoidable. Although...