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Saks, Gap and others try deep discounts to move unsold dresses and shoes amid coronavirus, but people aren’t buying

By Suzanne Kapner
Updated April 20, 2020 12:28 pm ET

Clothing retailers are sitting on tens of billions of dollars of unsold merchandise, and the usual methods for clearing it out aren’t working while the coronavirus keeps most U.S. stores closed.

Retailers are discounting heavily on their websites, but consumers aren’t rushing to buy spring clothes. Off-price chains like T.J. Maxx that would normally snap up the excess are also closed. Liquidators, often a last resort, are already saddled with goods from bankrupt retailers that have halted their going-out-of-business sales.
https://www.wsj.com/articles/its-black-friday-in-april-as-closed-stores-get-desperate-to-unload-spring-clothes-11587396524?mod=wsjtwittertest19
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