Retailers Resort to Deep Discounts to Attract Shoppers Amid Weak Consumer Spending

In response to disappointing consumer spending at the start of the year, retailers are turning to extreme bargains to attract shoppers. The retail sector continues to grapple with a lackluster Christmas season, prompting brands to explore new strategies. Amidst this trend, luxury retailer Matches faced insolvency proceedings just months after being acquired by Mike Ashley's retail empire, while consumers sought discounts at sample sales in London. This shift reflects the efforts of retailers to stimulate consumer interest and drive sales amidst challenging economic conditions.