Target employees mark down the product prices from Monday to Friday as per the department because they get busy on the weekends. This schedule may differ according to the location. Generally, the returned products or ones with less demand get marked down.
Reasons Of Target For Marking Down Schedule
To deal with the low-demand products, Target employees permanently reduce the product prices to attract customers and increase demand. Since it is a big retailer, it has many for marking down. Thus, it creates a schedule to mark down the prices in certain departments on specific days.
Some retailers may mark down the prices according to the market conditions. But, Target follows a fixed schedule. The schedule gets fixed throughout the week. It differs as per the department and Target location.
Markdown Schedule For Target
You may feel cheated to find a product with a lower price than you had bought at a higher price a few days ago. So, you may go through the following list of departments and their marking down days:
Clothing Departments
Men’s (Wednesday), Children’s (Monday), Women’s clothing (Tuesday), Shoes (Thursday), and Lingerie (Thursday).
Departments For Entertainment
Movies (Thursday), Toys (Wednesday), Music (Thursday), and Sports (Thursday).
Departments For Beauty
Beauty & Health (Wednesday), Shoes (Thursday), Jewelry (Friday), and Cosmetics (Friday).
Departments For Home And Infrastructure
Bed & Bath (Tuesday), Patio & Garden Department (Wednesday), Kitchen (Thursday), Housewares (Thursday), Luggage (Thursday), Stationery and Office (Monday), and Home Improvement (Friday).
Electronics And Hardware Departments
Hardware (Friday), Electronics (Monday), and Auto (Friday).
Miscellaneous Departments
Grocery (Tuesday) and Pets (Tuesday).
You will find the most attractive discounts for home goods, electronics, shoes, toys, and clothing. We know that the schedule differs according to the location and department. So, the above list only mentions the most commonly created for Target.
The Clearance Section
Target employees arrange the marked-down products in the clearance section. The section gets filled with the products Target does not want anymore. You can identify these products by looking at their red tags. The store offers a 15% discount for such products in the beginning. If they do not get sold within a week or two, the store increases the rate to 30%. This rate may go up to 90%.
On the one hand, you may wait for the price to get down by purchasing it later. On the other hand, the marked-down product may get sold while you are waiting for the price to fall. So, remain updated with what the store does and remember that some marked-down products may remain hidden in other sections.
Disadvantages Of Target’s Markdown Schedule
Marked-down products at Target may attract you. But, you must be careful while purchasing them.
The following are the disadvantages of Target’s Markdown Schedule:
The store marks down the unwanted products every two weeks. This schedule does not contain weekends because the employees remain busy. So, you will find the new markdown deals on the weekdays. The markdown also gets scheduled on some occasions. For example, the toys get sold with higher discounts on birthdays and Christmas. But, you cannot expect it on every occasion. Target marks down repackaged products. So, you must ensure that the product contains all the parts. However, a repackaged product having ‘As-Is’ written on it means that it contains all the parts. Some marked-down products are kept in other sections. So, you must first search them in the corners hidden with regular products. Also, Target does not advertise the markdown schedule. It gets spread only through word of mouth.
Like most other retailers, Target marks down unwanted products by setting a mark-down schedule according to various departments such as clothing, electronics, home and infrastructure, beauty, and more. The store keeps decreasing the prices until they get sold. But, you must locate those products in the store, know the challenges, and hacks related to them.
What Other American Retailers MarkDown Products?
Answer:
Other American retailers that markdown products are Publix, Costco, Walmart, 7-eleven, Home Depot, and more. They all have different markdown schedules.
What Payment Methods Does Target Accept?
Answer:
Target accepts ATM, Debit, Credit cards, gift cards and certificates, WIC, personal checks, a few mobile payments, and more.
What Other Methods Does Target Adopt To Get Rid Of Unwanted Products?
Answer:
Target may sell the unwanted products to other stores at lower prices, throw, or donate them. USPS auctions them.
How Harsh Is The Marking Down Competition For Target?
Answer:
