Experts and economic analysts recently revealed a possible positive impact of the Corona virus on millions of consumers around the world, and according to their expectations, we are on a date with the largest reduction (Okazion) in the world, while easing the preventive measures against the emerging Corona virus, after a closure that lasted more than 3 months.
During the past period, many stores resorted to concluding deals with consumers and promoting online for great discounts, yet experts expect more discounts with the stores reopening in the current period, so stop buying now, and prepare for the largest reduction you may see in your life.
A loud drop
The economic situation and the state of buying and selling was the worst during the past months, as a report by "Usnews" revealed that US retail sales fell by 9% in March, the largest monthly drop in US retail sales since the Department of Commerce began American record keeping in 1992.
Clothing sales also fell by more than 50%, as did auto sales by 25.6%. According to the US News report, this decrease is twice the previous record of 3.9%, which occurred in November 2008 during the financial crisis.
Between closing costs and cuts, Forbes estimated Macy, one of the largest and most popular stores in the United States, at more than $ 1 billion.
In Britain, the British Retail Confederation (BRC) report stated that last May's sales drop was the second-worst recorded drop ever, after the collapse in April.
Expected discounts
In an attempt to restore life to normal, most countries are moving towards re-opening this month, with a number of precautionary measures being taken to reduce the outbreak of corona.
With the easing of the ban, shops and brands seek to attract the largest number of consumers to make up for their loss, and retailers will have only two options: either package the remaining spring merchandise in the store and keep it all for the next year, or offer the goods now at discounted prices, which experts suggest.
In a comment to analyst Richard Lim of the BBC's Economic Economics, He explained that when stores reopen, they will resort to a significant reduction in the sale of inventory, especially as there is a huge stock in the fashion stores, "predicting that the retail experience will turn upside down when the clothing stores are reopened.
The best deals
The "Discounts Game" is the only solution for the major retailers, who have made big discounts in recent weeks, especially in the clothing and footwear sector, and are expected to continue to offer huge deals in the coming weeks and months.
Sarah Skirpool, online shopping expert, believes in a report on Money that the most profitable deals for consumers buying online, as retailers offer great discounts on the web, especially in clothing, shoes, health and beauty purchases, and from More deals are expected along these lines in the coming weeks, in addition to free shipping.
How to prepare for the season?
The larger sales season doesn't mean you buy without planning, so here are some ways to prepare for this season:
1- Set your budget
List your purchases and priorities. You may find great discounts that tempt you to buy, but you need to know that in exceptional circumstances you need to set your budget and not be wasted; He must set a budget for shopping and invest wisely.
2- Register electronically
Register an online account with the shops and brands you prefer, to get discounts first hand, and benefit from free shipping.
3- Check the return policy
It is a good idea to get a piece of clothing for a small amount, but it is bad not to be able to return it if it is not appropriate. Make sure of it, especially if you buy online.
4- Do not rush
One of the best times to get the most value for your money is to shop near the end of the season, as stores don't like to keep their models this year. This year’s season may extend, so don’t rush to buy. Also, if you have children, you can buy some clothes of big sizes for next year.