"Retailers Resort to 'Extreme Bargains' Amid Struggling Consumer Spending"
TL;DR
Retailers are resorting to extreme bargains to attract shoppers as consumer spending falls short of expectations, with luxury retailer Matches facing insolvency proceedings just months after being acquired by Mike Ashley’s retail empire, despite offering designer clothing at discounts of up to 70% at sample sales in east London.
Topics:businessretail-industry#bargains#consumer-spending#insolvency-proceedings#retail-industry#retailers#sample-sales
- Struggling Shoppers Leave Retailers Turning to ‘Extreme Bargains’ to Lure Them Bloomberg
- Retailers Turn to 'Extreme Bargains' to Lure Shoppers as Consumer Spending Underwhelms Yahoo Finance
- Retailers Struggle Amid More Cautious Consumer Spending PYMNTS.com
- Target, Best Buy, others deal with inflation and too many stores, Quartz
- 'It's very difficult to play catch-up': Why many middle-tier retailers are struggling Modern Retail
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