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Brits to drown in offers and discounts this winter as ‘yes culture’ takes over retail, says Manhattan CEO

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City AM

By Michiel Willems Consumers in the UK and across many other markets can expect a tsunami of offers, discounts and other price cuts this winter as retail’s focus shifts to improving demand, according to an industry insider. As many retailers over-ordered in recent years, while there was a supply shortage, companies are now keen to get rid of their bulk, Eddie Capel, the CEO of Manhattan Associates, told delegates at this year’s Manhattan Exchange conference. “Inflationary pressures will force many retailers to cut prices, to offer discounts,” he explained. Moreover, some retailers may not be a…

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