Why are prices discounted during black Friday sale?
(250 reads) See also ► Does Black Friday shopping make financial sense? ► What impacts could Bitcoin halving have on altcoins prices?
1. Tradition and Competition
The tradition of Black Friday dates back to the 1950s when retailers started offering significant discounts to attract shoppers to their stores on the day after Thanksgiving. This tradition has grown and evolved into the major event we know today. The core reason for these discounts is fierce competition among retailers. They aim to lure customers away from their competitors by offering better deals and incentives.
2. Inventory Clearance
Black Friday often serves as an opportunity for retailers to clear out excess inventory from the previ…
Please login to view the rest of this post.
-
- Similar Topics
- Replies
- Views
- Last post