Trade: Regulation cool discounts
(Shanghai Daily)
Updated: 2006-05-31 10:45
A regulation now under draft may restrict discount rates and the price ranges
found in local department stores, as a bid to cool the city's over-heated
promotion phenomenon, Shanghai Evening Post reported yesterday.
All kinds of holidays, from traditional to foreign, bring pleas for discount
rates. This inevitably leads to vicious competition among shops and department
stores.
However, the situation in shopping departments is still better than that
among the city's three home appliance tycoons, which frequent bargains to once a
week.
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