It may be useful to have the ability to define a timeframe for the product labels. I add a new product, I assign a "NEW" label to it, I want the "NEW" label to be displayed for 1 week (or any other timeframe I choose) next to the product. After the preset timeframe, the product would be already old, so I won't have to hunt it down through the product list in order to remove its "NEW" label.
Can it be done?