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Retailers in HCM City offer discounts to clear out inventories

Many shops in Ho Chi Minh (HCM) City, where sales was sluggish during the Lunar New Year, are offering discounts and freebies to clear their stocks, Nguoi Lao Dong (The Labourer) newspaper reported on Saturday.

The year’s biggest shopping season was a damp squib this year since the Lunar New Year followed the other shopping main season – Christmas and New Year – too closely and people remained wary of the economic downturn.

Some supermarkets have large volumes of garments and other fashion items piled up on their shelves, and have launched big clearance sales.