Survival Mode: Fashion Retailers Slash Prices
PYMNTS
APRIL 16, 2020
For example, Thinknum , which tracks eCommerce retail, found that in January, Lululemon had 1,060 items on sale. If margins and profits are already struggling then slashing prices for an entire season’s clothes will be very painful,” said Sophie Lund-Yates, analyst at Hargreaves Lansdown. Now, it’s back up to 39 percent. “As
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