RETAIL/CONSUMER GOODS

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A saleswoman stands inside a fur shop near the seafront, where minks and fox fur coats can cost up to 3,000 euros ($ 4,000), in Limassol, a coastal town in southern Cyprus February 19, 2013. In this seaside Cypriot town, an image of the Kremlin's onion do

Beware: Black Friday Bargain Hunters, Clothes With Deep Discounts Are About To Go Out Of Fashion

A report by EDITD, a retail technology firm used by more than 10,000 US and UK subscribers, suggests several clothing items that retailers give a big discount because it would soon be out of fashion. By disposing of these soon-to-be outdated styles, stores maximise their profits and prevent having too much of certain styles on their stockrooms which if left too long would become stale and may force them to even slash its tag prices further.

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