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Fashion retailers slash prices over the bank holiday

Multiples and department stores have kicked off a weekend of bank holiday bargains as they hope to boost sales following a difficult summer.

Marks & Spencer has slashed up to 60% off its clothing, offering big discounts across all brands – including Autograph and Limited Edition.

New Look is offering free delivery on online purchases and up to 40% off selected products, while House of Fraser has launched its Big Brand Sale, slashing up to 50% off brands including French Connection, Hobbs and Phase Eight.

Online retailer Very has already launched a series of deals in the run-up to the bank holiday weekend: thousands of summer fashion items are half price and there is 20% off selected sportswear. Asos, meanwhile, is promoting an additional 10% off Sale items on its website.

Variable weather and a dip in consumer confidence in the aftermath of the Brexit vote led some brands to discount over the summer. The IMRG and Capgemini online sales index showed that the average price per item was down 9% on last year between May and July.

Readers' comments (4)

  • The retailers that planned for tees and polos in AW16 won't have to discount, as they should be having a field day. The ones that got the heavier items out early... back to school for you. Bad buyers costing retailers dear - yet again...

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  • Steve Rowe to be out of his job by next Easter.

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  • darren hoggett

    The weather was good - why discount? Retailers aren't charities - or are they?

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  • No Darren they aren't-but their suppliers have to be when the retailers get it wrong!

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