Markdown-priced

Markdown-priced describes a product or service that has been offered for sale at a reduced price, typically a significant reduction below its original selling price. This price reduction is usually implemented to clear out inventory, attract customers, respond to competitors' pricing, or reflect seasonal changes or special promotions. The term implies a deliberate act of lowering the price, as opposed to simply setting a low initial price. The degree of the markdown can vary considerably, from a small percentage to a substantial discount, depending on the retailer's strategy and the product's characteristics. Items are typically described as "markdown-priced" in sales advertisements or price tags to highlight the value proposition to potential buyers.

Markdown-priced meaning with examples

• The department store's clearance section was overflowing with markdown-priced winter coats. Shoppers flocked to the racks, eager to snatch up heavily discounted parkas and jackets. The store advertised the event heavily, promising savings of up to 70% on select items. This strategy allowed the retailer to quickly free up shelf space for the upcoming spring collection and convert aging inventory into revenue.
• I found a pair of markdown-priced designer jeans that I had been coveting for months. I almost couldn't believe the price! The retailer was holding a flash sale to make room for their new summer line, and they clearly wanted to get rid of their remaining inventory, slashing prices by up to 60%. The markdown-priced items were an irresistible steal.
• Online retailers often offer markdown-priced electronics after a new model is released. The older generation phones, tablets, and laptops can be bought at a fraction of their original cost. The discounts encourage upgrades and help move the products out of warehouses. Savvy customers watch for these opportunities to get high-quality tech for less money.
• During the post-holiday sales, almost every store offers markdown-priced items. This allows them to get rid of excess inventory. These deals help them to clear space for next year's merchandise. markdown-priced items range from decorations to toys and gifts.
• Due to the high cost of shipping, a local hardware store that had excess stock of a certain lumber product, offered it markdown-priced, to liquidate the inventory quickly. They were able to free up space in their warehouse. This move also helped them to avoid storing and insuring the wood for a longer time.