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.Ā 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.Ā
Furthermore, shoppers’ budget continues to crunch due to inflation, and the ones who continue spending are focusing more on non-discretionary items like groceries. Thatās 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 andĀ 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.
i canāt wait ššš
Yes! Canāt wait need some household items ..
Whoop whoop
Canāt wait to check it out š
Yes! So ready
charge card ready!
Canāt wait to see what they put on sale! š¬š¬
Thank you for heads!! I need to mark my calendar when they become available.
Most welcome Destiny!
Thank you for the info!!!ā¤ļøā¤ļø
You’re so welcome Cassie!
This is very interesting and a good move on their part. Hopefully they’ll have good clearance online as well š