As a part of the release of the new Merchandising and Promotions feature, the previous promotions feature has been renamed “Legacy Promotions”. This feature has not been removed and we have no current plan to sunset this existing feature set.
Your existing promotions configurations are safe and if we ever make plans to change that, customers will be given substantial notice and support in migration.
Legacy Promotions can be accessed by navigating to the Promotion rules screen:
Then click on the Legacy promotions link: