Giving an 80% discount on items or products almost to expire

[Starmix]

Offering goods that are close to their expiration date at significant discounts-like 80% off-is a common strategy many retailers use. It helps to reduce waste and recover some income instead of losing everything by throwing the products away. This approach can benefit both businesses and customers.

For retailers, you make some revenue from items that might otherwise be a total loss. For customers, they get products at a great bargain. And for the environment, there is less waste that ends up in landfills.

However, it is important to communicate that these goods are near expiration, so customers can decide if they want them. Also, selling such products might be regulated in some places, especially food or medicines, so retailers need to comply with applicable laws.

Offering this huge discount on near-expiry goods helps minimize waste, supports customers with affordable options, and allows businesses to recoup some costs. Win-win all around.

 

[freelancermaria]

Many retailers offer products that are close to expiring at a reduced price. Customers who wish to purchase them at a reduced price may find it useful, and it may also help reduce waste. Make sure to inform the clients that the expiration date is approaching, though.

 

[Starmix]

It is usually advertised by the store owner regarding the expiry dates of the products, which is why they offer a huge discount. The customers are also anxious. They won't buy right away.

 

[King Belieal]

That's just being practical. It is better to just sell it off anyhow than to hold on to it to expire in your hand or shop.

 

[Starmix]

It is the normal thing here; items are disposed of at a huge discount just to avoid losing. Giving of an 80% discount could not make a business go bankrupt.

 

[Kross]

I think that level of discount is huge enough to quickly sell the products that are about to expire.

 

[eLdavis]

Yes it is better to sell it at a cheaper amount than just loosing it all. This way you can at least get something out of it.

 

[Fidelia]

I have seen shops that do this. It is a total loss to them but they are left with no other option. It is to learn inventory management better.

 

[Augusta]

I think that level of discount is huge enough to quickly sell the products that are about to expire.

Yes that's how it should be. I know the business might be running at a kiss but it is better than nothing

 

[King Belieal]

Yes it is better to sell it at a cheaper amount than just loosing it all. This way you can at least get something out of it.

At 80% discount, the seller is virtually getting nothing out of it but just has to sell.

 

[eLdavis]

At 80% discount, the seller is virtually getting nothing out of it but just has to sell.

True but at least the little they get can be used to restock even if it's not in that same large quantities. It's better than loosing everything without getting anything in return, not even the cost money back.

 

[Stardom22]

I think that method would help the business manager to minimise losses being cause by the expired goods in the store.

 

[Starmix]

It's better that way than experience a huge loss. Also, if the business owner senses some products almost expired so the decision to give an 80 % discount makes sense.