Retailers like Loft, American Eagle, and Saks Fifth Avenue are continuing unprecedented sales both in-store and online in an effort to get rid of excess inventory
Business Insider -

Loft

Retailers like Loft, American Eagle, and Tom's Shoes are offering massive online discounts, continuing the trend of brands launching major sales early in the pandemic to get rid of excess inventory. 

Meanwhile, at recently reopened physical stores, like Saks Fifth Avenue in New York City, designer goods are on sale for as high as 70%. 

Jonathan Treiber, CEO of offer-management platform RevTrax, told Business Insider that deep discounting may have long-term damage for apparel companies....

Read this story at

Loading...

Related Articles