Slashed-priced

Slashing the price of a product or service involves significantly reducing its cost, often dramatically. This is a marketing strategy used to attract customers, clear out inventory, or boost sales volume. This term signifies a substantial markdown from the original price, creating an impression of a good deal or bargain for consumers. It frequently occurs during sales events, clearance promotions, or when businesses are seeking to compete aggressively within the market. The adjective describes the status of an item's price, emphasizing its reduced cost.

Slashed-priced meaning with examples

• The department store announced a 'slashed-priced' summer sale, advertising discounts of up to 70% on clothing and accessories. Shoppers flocked to the store, eager to take advantage of the reduced prices and snag bargains before the end of the season. These deep discounts encouraged immediate purchases.
• Due to an overstock of winter coats, the retailer offered 'slashed-priced' deals to clear the shelves before the warmer months arrived. Customers appreciated the lower prices, and the store was able to quickly reduce its inventory, making room for new merchandise and freeing up capital.
• To compete with an online competitor, the electronics store has begun offering 'slashed-priced' televisions. This move was aimed at maintaining their market share. The price cuts attracted price-conscious shoppers, boosting sales and driving foot traffic into the store.
• Following the introduction of a new model, the older version of the smartphone was being offered at 'slashed-priced' rates. The company used this strategy to increase customer interest and clear out the remaining stock of the older phones from their inventory.
• During the holidays, many online retailers presented 'slashed-priced' offers across different product categories to draw in customers looking for gift bargains. The discounts led to increased sales volume, which helped stores gain a greater share of the competitive market