In a bid to make up for the delayed start and address excess stock, fashion retailers are implementing earlier and more substantial discounts this summer. High street retailers are currently hosting summer sales with deeper discounts, aiming to clear excess stock resulting from over-buying during the pandemic and a decline in consumer demand. Additionally, Quiz, Next, JD Sports, and Monsoon have sales with discounts of up to 50 per cent off, providing excellent opportunities to seize fantastic deals from your favorite retailers. According to the CEO of a women’s clothing retailer, “The season had a delayed start, leading many high street retailers to begin their sales early due to an excess of stock. However, the recent pleasant weather and notable events like Ascot and the Chelsea Flower Show have positively impacted sales.

Source: Mint July 11, 2023 10:58 UTC