Why don’t florists do gradual discounts?
thanks to everyone that answered my previous post about florist waste and loss of revenue. And so the answer i understood was that at the end of the week a lot of florists, give away their flowers that they wouldn’t sell next week or sell them at a crazy discount like half price. So I was wondering why not do like a gradual discount? like if you know a bouquet on Monday will for sure go bad on next Monday why not do like a 20% off on Thursday then 30% on Saturday then 50% off Sunday to minimize losses?
One thing I think I might be missing though is demand timing. Like, a bouquet that hasn’t sold by Thursday might still sell Friday morning at full price just because someone walks in and likes it.
The other reason I thought of is that’s it’s just way too big a hassle to keep track of all that, especially for a smaller business that’s already juggling so many different things.
I’m guessing I might be misunderstanding something about how florists actually manage pricing and stock day-to-day.
Thank you.