PYMNTS-MonitorEdge-May-2024

discounts

Discounts and allowances are reductions to a basic price of goods or services. There are many purposes for discounting, including to increase short-term sales, to move out-of-date stock, to reward valuable customers, to encourage distribution channel members to perform a function, or to otherwise reward behaviors that benefit the discount issuer.

Source: en.wikipedia.org

60% of Subscribers Admit to Gaming the System to Skip Paying for Services
60% of Subscribers Admit to Gaming the System to Skip Paying for Services
September 14, 2022  |  Subscription Commerce

The pandemic accelerated the popularity of subscription-based pricing, and 23% of U.S. consumers now have at least one retail product subscription. However, amid a year...

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For Restaurant Loyalty Programs to Pay off, They Must Be Easy to Access
For Restaurant Loyalty Programs to Pay off, They Must Be Easy to Access
September 13, 2022  |  Loyalty & Rewards

As restaurants look to keep visit frequency up in the face of rising consumer anxiety about price, loyalty programs can be a key tool to...

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Ikea looks to Drive in-Store Traffic With 5% Loyalty Discount
Ikea looks to Drive in-Store Traffic With 5% Loyalty Discount
September 12, 2022  |  Retail

As Ikea moves to reinvent its physical retail presence and drive more foot traffic to its stores, the Swedish-founded conglomerate known for its unfussy, ready-to-assemble...

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RH Says Luxury Brands Don’t Discount, Resists Promos Despite Slumping Sales
RH Says Luxury Brands Don’t Discount, Resists Promos Despite Slumping Sales
September 09, 2022  |  Retail

Luxury lifestyle retailer RH won’t sacrifice its image and margins to keep its sales growing as consumers tighten their wallets, RH Chairman and CEO Gary...

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Newell Brands Pinched by Inflation, Curtailed Retail Orders
Newell Brands Pinched by Inflation, Curtailed Retail Orders
September 07, 2022  |  Retail

While the efforts of Target, Walmart and countless other store brands to whittle down their bloated inventories have been widely reported and the focus of...

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Discounter Five Below to Add 360 New Stores Amid Slowing Sales
Discounter Five Below to Add 360 New Stores Amid Slowing Sales
September 01, 2022  |  Retail

Discount retailer Five Below said Thursday (Sept.1) that it plans to open a record 200 new stores in 2023 and another 160 this year as...

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Data Shows Consumers Want More Than Low Prices From Retailers
Data Shows Consumers Want More Than Low Prices From Retailers
August 29, 2022  |  Retail

Whether it’s Walmart, Target, Kohl’s, Macy’s, Gap or any of several dozen other large retailers that have updated investors over the past few weeks, the...

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Dollar General, Dollar Tree See Growth as Consumers Seek Lower Prices
Dollar General, Dollar Tree See Growth as Consumers Seek Lower Prices
August 25, 2022  |  Retail

Dollar stores are benefiting from consumers seeking affordable necessities amid skyrocketing inflation. In earnings releases issued Thursday (Aug. 25), both Dollar General and Dollar Tree...

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BigCommerce Enlists SheerID to Provide Merchant Discounts
BigCommerce Enlists SheerID to Provide Merchant Discounts
August 23, 2022  |  eCommerce

eCommerce platform BigCommerce has enlisted identity marketing firm SheerID to help BigCommerce merchants provide offers and discounts to a broad swath of the U.S. population....

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