The decree abolishing floating sales has just been published in the Official Journal. Established by the 2008 Economic Modernization Act, this system was regularly criticized by retailers.
The decree abolishing floating balances was published in the Official Journal (JO) on Sunday, May 10, and will come into force on Monday, May 11. “The decree brings the Commercial Code into line with the provisions of the law of June 18, 2014, relating to crafts, commerce, and very small businesses, by repealing the provisions relating to floating balances,” the text states.
The sales , the only time of year when retailers are allowed to sell at a loss, are held twice a year over fixed five-week periods. Since the 2008 Economic Modernization Act (LME), retailers have had two additional weeks of so-called “ floating sales ,” the dates of which they set themselves.
These two weeks of promotions were regularly questioned and their elimination discussed, being accused of being a source of confusion and illegibility for consumers. As for small local businesses , they believe that they involved heavy logistical preparation for little economic gain.
Source: Editorial staff of Franchise Magazine – http://www.franchise-magazine.com/actualite/breves/les-soldes-flottants-sont-supprimes-9103.html