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    The pros and cons of Labor Day sales for your small business

    By Eric Michaels

    Small business owners have to weigh the pluses and minuses of promotions in any season, and it may be especially tempting to drop prices in your stores as the summer winds down. Will a Labor Day sale make the difference your business needs? Here are the pros and cons of staging an end-of-summer promotion.

    Pro: Unload seasonal inventory

    When you have inventory taking up space in your storage areas, it can limit your flexibility and impact your buying decisions for months to come. Where will you store the next goods you purchase? Dropping prices to move the inventory can give you more room to negotiate the upcoming sales season. Otherwise, you may have to wait a full ...

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