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	function woodmart_product_label() {
		global $product;

		$output = array();

		$product_attributes = woodmart_get_product_attributes_label();
		$percentage_label = woodmart_get_opt( 'percentage_label' );

		if ( $product->is_on_sale() ) {

			$percentage = '';

			if ( $product->get_type() == 'variable' && $percentage_label ) {

				$available_variations = $product->get_variation_prices();
				$max_percentage = 0;

				foreach( $available_variations['regular_price'] as $key => $regular_price ) {
					$sale_price = $available_variations['sale_price'][$key];

					if ( $sale_price < $regular_price ) {
						$percentage = round( ( ( $regular_price - $sale_price ) / $regular_price ) * 100 );

						if ( $percentage > $max_percentage ) {
							$max_percentage = $percentage;
						}
					}
				}

				$percentage = $max_percentage;
			} elseif ( ( $product->get_type() == 'simple' || $product->get_type() == 'external' ) && $percentage_label ) {
				$percentage = round( ( ( $product->get_regular_price() - $product->get_sale_price() ) / $product->get_regular_price() ) * 100 );
			}

			if ( $percentage ) {
				$output[] = '<span class="onsale product-label">-' . $percentage . '%' . '</span>';
			}else{
				$output[] = '<span class="onsale product-label">' . esc_html__( 'Sale', 'woodmart' ) . '</span>';
			}
		}
		
		if( !$product->is_in_stock() ){
			$output[] = '<span class="out-of-stock product-label">' . esc_html__( 'Sold out', 'woodmart' ) . '</span>';
		}

		if ( $product->is_featured() && woodmart_get_opt( 'hot_label' ) ) {
			$output[] = '<span class="featured product-label">' . esc_html__( 'Hot', 'woodmart' ) . '</span>';
		}

		$newness_days = 30;
		$created = strtotime( $product->get_date_created() );
		if ( ( time() - ( 60 * 60 * 24 * $newness_days ) ) < $created ) {
			$output[] = '<span class="new product-label">' . esc_html__( 'New!', 'woocommerce' ) . '</span>';
		}

		if ( $product_attributes ) {
			foreach ( $product_attributes as $attribute ) {
				$output[] = $attribute;
			}
		}
		
		if ( $output ) {
			echo '<div class="product-labels labels-' . woodmart_get_opt( 'label_shape' ) . '">' . implode( '', $output ) . '</div>';
		}
	}