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Target wants suppliers to bear more of promotions costs

Target, the second-largest discount retailer in the US, wants to minimise the impact of markdowns on profit in a tough year as middle-income customers make fewer discretionary purchases.


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-...

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