Every store advertises sales and discounts in today’s market. But how much value does a discount or clearance rack actually have?
I currently work in a store that sells luxury goods. Our clearance items are 40-60% off and, for the next few days, we give an additional 20% off. The big numbers and “Save Now” advertisements drive a lot of traffic to the store and we are liquidating a lot of old merchandise … and still making a profit from it. [Read more...]

