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Target wants suppliers to bear more of promotions costs

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Published Wed, Jun 8, 2016 · 09:50 PM

    Chicago

    US retailer Target Corp is asking many suppliers to take on up to an extra 3-5 per cent of the cost of promotions and price cuts after slow sales so far this year.

    Retailers often use price discounts combined with promotions - such as two-for-one offers - to sell slow-moving items and make room for newer products.

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