Discounts Make a Comeback as Shoppers Get Picky About Spending ...Middle East

Time - News

U.S. shoppers are getting increasingly hesitant about shelling out for shoes, appliances and other nonessentials. That has more retailers and consumer-goods makers reaching for an old tool to pry open their wallets: promotions. Whirlpool Corp.’s revenue and earnings took a hit in the most recent quarter from discounts and special sales, which were rare during the pandemic as supply chains struggled to keep up with demand. Petco Health & Wellness Co. said it was using promotions to appeal to customers under rising financial stress. And Foot Locker Inc. told shoppers to expect deals. [time-brightcove not-tgx=”true”] “With sales softer than anticipated, we are taking more aggre

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Discounts Make a Comeback as Shoppers Get Picky About Spending ...Middle East

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