Part 3/7:
During a visit to one of the liquidating stores, it was observed that despite ongoing sales, the inventory appeared relatively unchanged with only a few sections showing evidence of being partially depleted. This raises questions about the urgency of shopper responses to the closing sale. Despite store closing signs prominently displayed throughout the shopping center, foot traffic remains surprisingly low.
Interestingly, items on clearance are only marked down by 5%, 10%, and 20%, which does not encourage shoppers to rush in as might be expected during such sales. The perception of genuinely discounted prices seems to be lacking, further exacerbating their issues in attracting customers.