Kiss those juicy post-holiday clearance sales goodbye [CNN]
Gap, Inc. (The) (GPS)
Last gap, inc. (the) earnings: 3/12 04:15 pm
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Source: CNN
Come January, those ridiculously-deep clearance sales might be much harder to find. Blame the messed up global supply chain. January is the golden month for markdowns and scoring some serious savings. It's when retailers slash prices by as much as 75% to 80% to drum up sales and clear out leftover, holiday-timed merchandise such as coats, sweaters, shoes, gadgets and pajama sets. As many as 68% of consumers shop the week after Christmas in hopes of bagging post-holiday discounts, according to the National Retail Federation. But as retailers struggle with tighter inventory and plenty of out of stock products heading into the peak gift-buying period, consumers should prepare to kiss hopes of juicy, across-the-board clearance deals goodbye. The signs are already there. Discerning Black Friday shoppers would have noticed that their favorite stores were not as generous with holiday discounts this year as they typically have been. Plus, there's no need to incentivize shoppers wi
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GPS
Earnings
- 3/7/24 - Beat
GPS
Sec Filings
- 4/12/24 - Form 4
- 3/28/24 - Form 4
- 3/27/24 - Form 4
- GPS's page on the SEC website