Wednesday, June 29, 2016

Target Asking for Markdowns

According to this, Target is asking its suppliers for help in moving slow moving merchandise. Target reported slower than expected sales this spring and is asking for suppliers to give another 3-5% in promotional markdowns to help the store move these products.

Unfortunately, stores like ours cannot ask for such markdowns as our sales are a fraction of the sales that Target does with its suppliers. Even a company like WOTC, of which we sell a large amount of Magic and D&D, would ignore our request for an additional discount, as our sales are small, compared to how much the company sells through Target, or Wal-mart or Amazon.