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The New Daily
The New Daily
Business
Matthew Elmas

Fewer sales: How retailers plan to claw back their COVID-19 costs

Some big retailers are flagging fewer discounts as a way to prop up their profit margins. Photo: Getty

Australians can expect to see fewer discount stickers at the shopping centre in coming months as retailers look to prop up their profit margins.

After two years of battling rising costs during COVID-19, big retailers are raising their prices to pass on inflation to customers, but it’s not all being done through changes to base prices.

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