Target pushes aggressive price cuts
Filed under: Bargains, Shopping
Target wants to be sure it gets your holiday business this year. The retail giant has seen its profits take a nosedive this year, as shoppers cut back to just the essentials. Nearly half the store's revenue comes from nonessentials, though, like fashion and trendy housewares. To be sure they move items like this over the next month, Target will be offering some serious bargains.The company says that it will match prices with its chief rival, Wal-Mart, in local markets, and will offer daily rotating value items on its website, while aggressively cutting prices on popular national brands. Though Target has cut prices around the holidays in previous years, Chief Executive Gregg Steinhafel says the company is really ramping up its promotions for 2008, and expects to be the price leader on many gift items.
This makes Target very attractive for holiday shoppers this year. I remember doing most of my shopping there last year anyway, and I saved myself 10% extra by opening the Target credit card on the day I spent $500 on gifts for my family. Then I paid it off and closed the account. If you can exercise discipline, there's no reason not to go for the in-store credit card offers, especially if you can take 10 or more percent off a large purchase. With the Target credit card profits dropping sharply recently, I wouldn't be surprised to see the store offer even better incentives to qualified applicants. Don't forget to check the website for those rotating value items, too.
Scenes from Holidays Past
SHANGHAI, CHINA - DECEMBER 23: (CHINA OUT) People take pictures in front of light decorations featuring reindeers installed for the upcoming Christmas at a shopping center on December 23, 2007 in Shanghai, China. Western traditions such as Christmas Day, Valentine's Day and Halloween have become increasingly popular among Chinese youth, as shops, restaurants and bars look to use such calendar dates to promote their businesses. (Photo by China Photos/Getty Images)
Getty Images
NEW YORK - DECEMBER 20: Skaters pass beneath the Rockefeller Center Christmas tree December 20, 2007 in New York City. With Christmas five days away, merchants are hoping last-minute shoppers will help them rebound from a slow holiday shopping season. (Photo by Mario Tama/Getty Images)
Getty Images
NEW YORK - DECEMBER 20: Visitors view the holiday displays at Rockefeller Center December 20, 2007 in New York City. With Christmas five days away, merchants are hoping last-minute shoppers will help them rebound from a slow holiday shopping season. (Photo by Mario Tama/Getty Images)
Getty Images
NEW YORK - DECEMBER 20: Visitors photograph the Rockefeller Center Christmas tree is seen December 20, 2007 in New York City. With Christmas five days away, merchants are hoping last-minute shoppers will help them rebound from a slow holiday shopping season. (Photo by Mario Tama/Getty Images)
Getty Images
NEW YORK - DECEMBER 20: Shoppers walk past the Rockefeller Center Christmas tree December 20, 2007 in New York City. With Christmas five days away, merchants are hoping last-minute shoppers will help them rebound from a slow holiday shopping season. (Photo by Mario Tama/Getty Images)
Getty Images
NEW YORK - DECEMBER 20: Visitors walk past the Rockefeller Center Christmas tree December 20, 2007 in New York City. With Christmas five days away, merchants are hoping last-minute shoppers will help them rebound from a slow holiday shopping season. (Photo by Mario Tama/Getty Images)
Getty Images
NEW YORK - DECEMBER 20: A shopper looks at a sale item in Saks Fifth Avenue December 20, 2007 in New York City. With Christmas five days away, merchants are hoping last-minute shoppers will help them rebound from a slow holiday shopping season. (Photo by Mario Tama/Getty Images)
Getty Images
NEW YORK - DECEMBER 20: Visitors view the Christmas windows at Saks Fifth Avenue December 20, 2007 in New York City. With Christmas five days away, merchants are hoping last-minute shoppers will help them rebound from a slow holiday shopping season. (Photo by Mario Tama/Getty Images)
Getty Images
NEW YORK - DECEMBER 20: Shoppers and onlookers view the Rockefeller Center Christmas tree December 20, 2007 in New York City. With Christmas five days away, merchants are hoping last-minute shoppers will help them rebound from a slow holiday shopping season. (Photo by Mario Tama/Getty Images)
Getty Images
NEW YORK - DECEMBER 20: Shoppers are seen on Madison Avenue December 20, 2007 in New York City. With Christmas five days away, merchants are hoping last-minute shoppers will help them rebound from a slow holiday shopping season. (Photo by Mario Tama/Getty Images)
Getty Images



Reader Comments (Page 1 of 14)
11-18-2008 @ 7:11PM
eerf4loayrt said...
no CCs for me
Reply
11-18-2008 @ 11:25PM
WakeUpCall said...
Anyone that wants to defend Walmart better go get a copy of the DVD "The High Cost Of Low Prices" and open your eyes up. Walmart keeps government welfare program information in their HR departments because most of their help is eligible for assistance because of what they make there. They routinely keep their employees from getting 40 hours. There is a reason you're stuck in that check out line. I don't buy low prices. I'd rather spend a little more and have peace of mind that the employees that are working for the store I buy from are getting a decent paycheck. Check out Walmart giving. The owners of Walmart are the cheapest people in the world as far as giving any of it away. They set out to put other American's out of business. That's everyone from your beauty salon, to pharmacy, hardware stores, and even your eye doctor. They've been busted selling things for under what they paid to put other places out of business. I haven't shopped a Walmart in 3 years and I have found everything I needed for a reasonable price.
11-19-2008 @ 1:54AM
LEG said...
Don't think it is owned by a french company - found this explanation:
"The company's roots were founded when George Dayton founded the Dayton's department store chain. In 1902, George Dayton constructed a six-story building in downtown Minneapolis and convinced R.S. Goodfellow Company to move its Goodfellows department store into it. The store's owner, Reuben Simon Goodfellow, retired and sold his interest in the store to George Dayton.[4] In 1903, the store changed its name to the Dayton Dry Goods Company, and it changed its name again to the Dayton Company in 1910.
In January 2000, Dayton Hudson Corporation changed its name to Target Corporation "
11-19-2008 @ 9:27AM
Jon said...
Have you hear about Recalled Toys Featured In Walmart's Holiday Catalog?
http://www.curiousread.com/2007/11/recalled-toys-featured-in-walmarts.html
While this was last years ad, I am willing to bet it will happen again...
11-19-2008 @ 7:17PM
barb888 said...
Wake-up Call: NO ONE if forcing anyone working at Walmart to work there. No one has a gun to their head. They are working there by their FREE choice. Walmart offers low prices and saves families a ton of money everyday. Anyone working there can go work somewhere else if they want. Give me a break. Shop Walmart!!!!
11-20-2008 @ 9:13AM
A Vatne said...
I agree...no credit cards from stores. Many stores lure you into getting a credit card to save on one single purchase. What they don't want you to know is that the interest rates are in the 23% range and you will be assessed these high percentage finance charges during what used to be called a "grace period" from the very day of your purchase. Even if you regularly pay off your credit card balance each month, most of these stores have already charged you interest from the purchase date. JC Penney and Home Depot are other stores that charge high interest rates BEFORE you receive your CC bill and there is no grace period. If you must use a credit card, use one from a bank or savings and loan (or better a debit card) that you can pay off when the statement comes, WITHOUT finance charges.
11-18-2008 @ 8:43PM
dd man said...
Target will never come close to wally world prices right now target prices on food OMG target is SKY HIGH on there food $$ prices compared to wally world
Reply
11-19-2008 @ 10:56AM
kerry hart said...
Not true, their food prices often beat walmarts, esp. on ceral. They also have better quality products. China would not be an economic super power if Wal Mart didn't push china's crap merchandise on america, putting america manufacturers out of business.
11-20-2008 @ 10:13AM
Gwen said...
Have you ever really shopped Target vs. Walmart? If you have you would realize that Target is just as good of a bargin as Wal-mart. They just are cleaner and fresher letting you think you are shooping in an better class of store.
11-18-2008 @ 8:45PM
Paul said...
No Credit cards, plus if Target was to actually compete with Wal-Mart Or China-Mart as we have called them the past two years, they wouldn't have any problems. Everyone I know would rather go to Target anyway, just the prices are almost aways higher than China-Marts.
Reply
11-18-2008 @ 9:13PM
John said...
Target can not match a price on a brand name item found at walmart. Most Products found at Walmart have a serial and model number made for Walmart stores Only.
Always the lowest Prices when no one else can compete against
overpriced reduced quality items.
11-18-2008 @ 10:22PM
Pat said...
There is not a Wal-mart in the town where I live. Everyone talks about how everything in wal-mart is made in China. I went shopping in stores here and 99% of everything is made in china or vietmam or bangledesh or some other country. So whats the difference if you buy that item made in China from Wal-mart or some other store. You probably pay less for it at Wal-mart
11-18-2008 @ 9:03PM
Upwardly mobile said...
Gee...who would want to give up shopping at Wal-Mart? You meet such sophisticated, well-spoken people there...and some of them even have teeth! Go, Target! Kick their sorry asses back to Arkansas or Buttf**k or wherever this low-life, white trash company started.
Reply
11-18-2008 @ 9:08PM
the said...
guess you dont have teeth
11-18-2008 @ 9:52PM
SANDY said...
To the "uninformed" Target is owned by a French company. All of their profit goes to France not any remains in the US except the tax's they pay to the city the store is in. It is not necessary to use profanity to get a message accross. It only shows you to be uneducated and simple minded. May I suggest you read something on english grammer, how your goverment works, just something where you can become "aware" of what is going on in the world. Instead of putting others down. People have no choise in how they look. They are people who have feelings just like anyone else. They have family and people who love them. Judge that you may be judged. You may want to revise your way of thinking about others. Since you have so much time on your hands it would be a good idea for you to spend some time helping others. It is a very hononable and caring thing to do. It will make you realize that there is always someone else that has it worst than you, and maybe you will learn to feel for others. If you have such a hard heart, it would tell me that you have no God. God is knocking, all you have to do is open the door. He will change your life like you could never imagine. May God bless you and may you ask for and seek his help.
11-19-2008 @ 9:59AM
Sharon said...
To "Uninformed" Sandy: I am interested in seeing where it says Target is "French owned" because it is not nor ever has been.
Snopes:
The Target Corporation is a publicly held, U.S.-based firm which has been headquartered in Minneapolis, Minnesota, since it began as the Dayton Dry Goods Company in 1902. Target is not now nor has it ever been, foreign-owned. (A French-based financial institution, AXA holds about 42 million hsares of Target stock, but that holding constitutes less than 5% ov Target Corporations outstanding shares.
http://www.snopes.com/politics/military/target.asp
Truth or Fiction:
Regarding Target's ownership, the company is on record as a U.S. firm based in Minneapolis, Minnesota and always has been. There is no foreign ownership in its past or present that we've been able to find or been presented with evidence about.
http://www.truthorfiction.com/rumors/t/target-viet.htm
11-19-2008 @ 12:31PM
FB said...
Not exactly said in a "sophisticated" & "well-spoken" manner.
WORRIED ABOUT TRAILER THEFT?? You need to:
http://www.carrythebigstick.com
11-19-2008 @ 4:04PM
The Lone Wulf said...
Sandy, I'm sorry, I didn't realize that Minneapolis was in France! The idea of Target being from France came from California, where they began calling it "Tar-jhay," being that it was considered "upscale" in comparison to, say, the warehouse that is Wal-Mart. French companies don't even have a controlling stake in the stock of Target. For one claiming less than ignorance, you certainly point the wrong way.
11-29-2008 @ 10:26PM
Scotty McBee said...
Spoken like a "true" sophisticate .LOL
11-18-2008 @ 9:06PM
the said...
target sux
Reply