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Target Cutting Prices & Clearing Out Inventory!

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We should be seeing lower prices on small appliances, TVs and other household merchandise as we see Target cutting prices to get rid of unwanted merchandise!

 

Target Cutting PricesPhoto Op: Paul Sakuma/Associated Press

Target Cutting Prices!

Target will be slashing prices and cancelling orders from suppliers to help get the backlog of slow moving items according to the Target Corporation. During the pandemic, demand skyrocketed and Target along with other retailers stocked up. Now consumers are more interested in spending money for things outside the home. That along with rising costs of groceries and fuel have people becoming more frugal and spending money on things like food instead of household items. 

Target Housewares

That's left Target and other retailers with an over abundance of items that are taking up needed space.

Target Cutting Prices

Target has said they are going to be very aggressive in clearing out unwanted goods to make room for what people are actually shopping for like groceries and personal care items. No word on what discounts they're planning to offer but consumers should expect mark-downs on small appliances, electronics and other items they in surplus. 

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