Black Friday: Target News- Deals Not So Great?
Hmmm..I'm wondering if the holiday sales @ Target aren't going to be that great this year...from this recent article from Daily Finance:
Don't expect crazy markdown sales at Target (TGT) when you shop for gifts this holiday.
The trendy discounter will opt out of the price wars during the biggest shopping season of the year. And if that means it loses sales to rival chains, that's OK by Target.
"We're not interested in driving sales for the sake of sales, [so] you might see us lag competitors in terms of comp-store sales increases," said John Mulligan, executive vice president and chief financial officer of Target, during Goldman Sachs' Global Retailing Conference on Wednesday.