Price-cut

A price-cut refers to a reduction in the selling price of goods or services, typically implemented by a retailer or manufacturer to stimulate sales, attract customers, or remain competitive in the market. Price cuts can be temporary or permanent, and may occur during sales events or as part of a pricing strategy.

Price-cut meaning with examples

• The electronics store announced a significant price-cut on their latest smartphone model, drawing in crowds eager to take advantage of the limited-time offer. Customers were thrilled to find the phone they had been eyeing now available at a fraction of its original price, driving sales far beyond expectations for that month.
• In response to dwindling sales figures, the supermarket chain introduced a strategic price-cut on several essential items, aiming to attract more shoppers. The move proved successful, as many loyal customers returned to the store, and new faces were seen filling the aisles, all eager to take advantage of the savings on groceries.
• As part of its promotional campaign, the clothing retailer announced a price-cut across their spring collection. Shoppers were delighted to find summer dresses and light jackets at reduced prices, which resulted in a bustling store environment, as a line formed at the checkout with eager customers wanting to snag the best deals.
• To remain competitive with online retailers, the local bookstore decided to implement a price-cut on best-selling titles. This decision not only helped increase foot traffic but also sparked conversations among customers regarding their favorite reads, creating a vibrant community atmosphere that benefited both the store and its patrons.