: While value is a priority, blanket discounts are becoming less effective. Recent data suggests that promotional effectiveness peaked in early 2024 and has since leveled off as shoppers prioritize quality and specific needs over raw price cuts.
(e.g., for a business pitch, personal shopping research). Footwear Industry: Consumer Priorities & Industry Insights discount shoe
: Modern consumers are extremely reactive to price changes; a mere 5% increase in cost can cause 70% of shoppers to halt a purchase and seek discounts elsewhere. : While value is a priority, blanket discounts