Did you know??? For a period of six weeks in the winter and again in spring, France’s retailers put their lingering unsold stock on sale for the savvy to pick up at serious discounts. From Wednesday January 11th through Tuesday February 21st, 2017.
Clearance sales began with the advent of the first department stores in Paris, the earliest dating back to 1784. Retailers needed a way to dispose of surplus inventory to clear the way for new merchandise. An idea dreamed up by François Mannoury to spur buying, the first official clearance sales were held at the “Petit Saint Thomas” in the mid 1800’s. He was also the creator and first to offer sales by correspondence.