Target Corporation announced that they plan to cut prices and cancel orders from its suppliers to reduce excess inventory and combat inflation and supply chain disruptions. Target, like many retailers that faced skyrocketing demand in the early months of the pandemic, stocked up on goods. But consumers are now turning away from goods like furniture, appliances, and other products for staying home and shifting to spending more on experiences and going out.Â
Furthermore, shoppers’ budget continues to crunch due to inflation, and the ones who continue spending are focusing more on non-discretionary items like groceries. Thatâs a change that arrived much faster than major retailers had anticipated.
Now, stores are left with over-inventoried small kitchen appliances, TVs, and other unwanted merchandise. This is not just happening with Target but a lot of their competitors as well, Target is going to be aggressive in clearing out unwanted goods and wants to make room for what is now in demand, including groceries and makeup products.
No further details about the discounts they are planning to offer have been revealed yet, but shoppers should expect to see marked-down prices on small appliances, home electronics, or items that the company wishes they never had.
So ready.
I read this yesterday they also mentioned kohls and Macy’s. I’m sure other stores will be following as well.
Thanks for the info, canât wait to see what they have!
You’re most welcome!
Canât wait to see what will be discounted. Will have to make the journey to target if thereâs a heads up on a date when itâll start.
Me too. I wonder what they will have.
Thank you now Iâm going to pay attention đđťâĽď¸
So ready as long as their online too. lol
Great point đ
I’m hours away from all the stores lol.. By the time I go, there is no sale or everything gone lol
When are they starting with that?
Hi Kenneth! There are still no details about discounts and dates, but I’ll post it as soon as there is some new info.
Good to know! Thanks for the heads up!
You’re most welcome Kiki!
looking forward to see what would be the discount! hoping for kitchen aid mixer discount now!