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Tag: discounting

How retailers are discounting online as stores reopen

Retailers are cutting their prices hard as the non-essential retail sector emerges from lockdown. Clothing, electricals and other non-essential retailers that closed on March 23 were able to reopen from June 15. Figures from Springboard suggest that while footfall rose that week, compared to the previous week, it was still down by more than 50% …

How retailers are discounting online as stores reopenRead More

Inflation falls to three-year low on back of high street discounting | Business

UK inflation has dropped to the lowest level for more than three years, fuelled by struggling retailers offering a wider range of discounts in December. Raising pressure on the Bank of England to cut interest rates, the annual rate on the consumer price index (CPI) dipped to 1.3% in December from 1.5% in November, the …

Inflation falls to three-year low on back of high street discounting | BusinessRead More

UK retail sales hit by surprise downturn despite big discounting | Business

Britain’s shops were hit by a surprise downturn in sales in the run-up to Christmas after official figures showed a 0.1% drop in October. City analysts had expected consumers to continue their month-on-month spending increases with a 0.1% rise, albeit largely built on heavy discounting by retailers. The fall in sales represented the weakest monthly …

UK retail sales hit by surprise downturn despite big discounting | BusinessRead More

Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT, Retail News, ET Retail

KOLKATA | BENGALURU: Flipkart and Amazon have told the government they incur losses in Indian operations due to investments into building the business and technology, and not because they fund predatory pricing as alleged by offline trade lobbies, two senior industry executives said. India’s two largest ecommerce marketplaces have communicated to Department for Promotion of …

Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT, Retail News, ET RetailRead More