Definition, Meaning & Synonyms
mark-down
Noun
/mɑrk-daʊn/
Definition
A reduction in the selling price of goods, typically used in retail to attract customers or manage inventory.
Examples
- The store applied a mark-down on winter clothes to make room for spring inventory.
- After realizing the item was not selling well, the retailer issued a significant mark-down.
- The mark-down helped increase foot traffic in the store.
Meaning
Mark-down refers to the practice of lowering the original price of an item to encourage sales or clear out stock.
Synonyms
- Discount
- Reduction
- Sale
- Price cut
