Retail News

Retailers dial back this year’s holiday promos

The Wall Street Journal 10/25/2021

Retailers are reducing the number of promotions they run and the depth of their discounts in response to inflation, tight supply chains and a desire to rebuild profits previously lost during the pandemic. Katrina O’Connell, Gap Inc.’s chief financial officer, said, “We’re already quite pleased with the fact that we’ve been able to really pull back on discounting in all of our brands.”

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