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 There are many purposes for discounting, including to increase short-term sales, to move out-of-date stock, to reward valuable customers, to encourage distribution channel members to perform a function, or to otherwise reward behaviors that benefit the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

Shuttered Stores Slash Prices, But Consumers Aren’t Spending
Shuttered Stores Slash Prices, But Consumers Aren’t Spending
April 20, 2020  |  Retail

Black Friday isn’t until Nov. 27, but clothing retailers, including Nordstrom, J.Crew, Macy’s, Neiman Marcus and others, are offering deep discounts to unload tens of...

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Clothing Brands Want Steep Vendor Discounts To Keep Orders
Clothing Brands Want Steep Vendor Discounts To Keep Orders
April 19, 2020  |  B2B Payments

Big-name clothing brands are either canceling orders or demanding big discounts from manufacturers in Bangladesh, a South Asian country that is already deeply suffering because...

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Goodyear Offers Online Discounts To Convoy Carriers
Goodyear Offers Online Discounts To Convoy Carriers
April 10, 2020  |  Retail

In an effort to provide independent truck drivers and small fleets with discounts and access to a service network, The Goodyear Tire & Rubber Company will...

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Discounts Kickstart Economy As China Reopens, Urging People To Spend
Discounts Kickstart Economy As China Reopens, Urging People To Spend
March 25, 2020  |  Coronavirus

Businesses are offering steep discounts to encourage people to spend as China starts to reopen for business following the coronavirus pandemic that put the country...

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Retailers Woo Homebound Consumers With Big Deals
Retailers Woo Homebound Consumers With Big Deals
March 22, 2020  |  Coronavirus

As the fast-spreading coronavirus changes daily life and affects every industry sector, businesses are finding new ways to stay afloat and keep customers fed and...

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Retailers Respond To The Coronavirus With Trusted Advice, Discounts
Retailers Respond To The Coronavirus With Trusted Advice, Discounts
March 19, 2020  |  Today In Data

Consumers may be looking for trust from retailers amid the coronavirus, as a small but significant share of them noted before the crisis that trust in...

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Travel Industry Fights Infection With Steep Discounts
Travel Industry Fights Infection With Steep Discounts
March 09, 2020  |  Ecosystems

Dining out without actually going anywhere has spawned the “ghost kitchen” phenomenon, which sparks the question of whether the coronavirus will produce something similar –...

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The Life, Death And Rebirth Of The Daily Deal
The Life, Death And Rebirth Of The Daily Deal
February 21, 2020  |  eCommerce

Groupon is out of the business of selling consumer goods — an announcement that followed yet another disappointing earnings run from the eCommerce firm. The...

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Deep Dive: Coupon Fraud Chows Down On QSR Profits
Deep Dive: Coupon Fraud Chows Down On QSR Profits
January 28, 2020  |  Security & Fraud

Coupons are time-tested ways for quick-service restaurants (QSRs) and other eateries to attract new customers. A study from Publishers Clearing House found that they were,...

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