Cut-priced

Cut-priced describes goods or services offered at a significantly reduced price, usually below the standard or original price. This reduction can be due to various factors such as sales promotions, clearance events, overstocking, or a company's strategic decision to attract customers. The aim is typically to boost sales volume, clear inventory, or gain market share. The quality of the item itself can vary, but the allure lies in the bargain available to the customer, tempting them with great savings and value for their money. Customers are always on the hunt for cut-priced products.

Cut-priced meaning with examples

• The department store advertised a cut-priced winter coat sale, attracting crowds eager to snag a warm bargain. The store aimed to clear out the previous season's inventory. The coats, though perfectly functional, were discounted to move quickly and make room for the spring collection. People flocked to the event in hopes of a great deal.
• After the new phone model was released, the older generation phones were available at a cut-priced rate. This was great news for customers who wanted a fully functioning phone but didn’t need the newest technology. Companies often cut prices to encourage customers.
• The online retailer regularly offered cut-priced deals on electronics during the holiday season. Customers enjoyed the discounted rates on everything from headphones to smart TVs. This drove higher online sales and helped build customer loyalty. The retailer generated huge sales.
• The struggling local bakery decided to sell day-old pastries at a cut-priced rate each afternoon. The bakery hoped the lowered prices would prevent food wastage and attract extra customers. The price cuts helped reduce losses and get extra money in the till.