Laura Bradley of Slate writes:
Come Black Friday, retailers will slash prices on everything from iPads to high-end loose leaf tea. These price cuts are far from random—they’re strategic, designed to boost profits and prevent buildup of inventory that might later require even deeper price cuts. To help fashion retailers make the most of their sales, EDITD, a retail technology company with more than 10,000 subscribers, recently released a report containing, among other things, suggestions for clothes to discount because they’re about to be unfashionable.
Among the styles on this year’s chopping block: “statement coats.” Damn.
-Pete
