Everyone loves a good discount. And it comes in as an incentive especially during times of inflation. For apparel discount retailers, inflation has proved to be a blessing. Arvind’s branded discount retail chain Megamart has seen an improvement in walk-ins of 15% in the past few weeks. “During inflation, customers always prefer to shop in […] ↓ Read the rest of this entry…
TOKYO (Reuters) – Forget the recession, at least for now in Japan, where it’s time for some mystery New Year’s shopping designed to cast off the economic gloom. Thousands of shoppers queued for hours in front of department stores across Japan on Friday to buy limited-edition, traditional New Year’s “goodie” bags in what has become […] ↓ Read the rest of this entry…
HONG KONG — When McDonald’s sharply lowers the price of the Filet-O-Fish sandwich and double cheeseburger in China, one thing is clear: the global slowdown has truly arrived in the once-sizzling Asian economy. McDonald’s announced Thursday that residents of China, the world’s most populous nation, would now be able to feast on four new combo […] ↓ Read the rest of this entry…
Pantaloon Group To Take Prices To 2007-Level; Expand Private-Label Portfolio
Online gadgets seller Firebox.com is to give over a section of its site to what it calls ‘Opportunity Box’ to offer dramatically discounted products for 24-hour periods only. Each day at noon a new product will replace the previous day’s deal, with an email sent out to subscribers offering them the chance to bag a […] ↓ Read the rest of this entry…
The global economic downturn has had a significant impact on the retail sector – albeit to a lesser extent on the grocers, due to the fact that food remains a non-discretionary purchase.
The fast-moving consumer goods have started moving off the shelves faster in the past two months on stable prices, tempting companies to boost promotional activities and offer products at multiple price points.
Stater Bros, the largest privately owned supermarket chain in Southern California, San Bernardino-based Stater Bros. operates 166 supermarkets and employs over 19,000 associates lowers the prices…
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