Target to Cash In on Holiday Season - Analyst Blog
) announced that it will open at 8:00 p.m. on Thanksgiving night,
armed with attractive sales and other deals. Also, the company
will have savings offers in the form of Cartwheel and REDcard,
through which customers can avail special gifts such as toys,
home appliances, decorative items, electronic gadgets, apparels,
This season, the Minneapolis-based discount retailer will offer various Black Friday doorbuster offers, which will be available on its website and stores from Nov 28, 2013 to Nov 30, 2013.
New Saving Offers
Cartwheel, the latest digital savings plan introduced by Target, will promote deals on chosen items throughout the Thanksgiving week, with exclusive offers from Nov 24 - Nov 27.
Customers using the REDcard will get an additional 5% discount on most buys during the week. On Black Friday, from midnight till the store shuts, shoppers spending $75 and above at Target stores will win a 20% discount coupon usable at all stores early in December.
During the Cyber week sale, online buyers will receive fresh deals everyday on the company's website. Over 100,000 items including toys, clothes, big brands like Canon, Kitchen-Aid, LG and many more will be put on sale throughout the week. Free shipping of goods is expected to further enhance its Cyber week sales.
Also, for early shoppers, there will be 15 online-only offers commencing Nov 24, 2013 and continuing for two weeks with free shipping for REDcard users.
This year, this Zacks Rank #3 (Hold) holding company will keep its stores open for extended hours on occasions like Thanksgiving, Black Friday, Christmas, Christmas Eve and the day after Christmas, to make the most of the holiday season.
Last year, big retail chains like Wal-Mart Stores Inc. ( WMT ) and The Gap, Inc. ( GPS ) kept their stores open on Thanksgiving and earned significant revenue. Following suit, retailers like Macy's, Inc. ( M ) have decided to remain hawk-eyed this season and start early.
GAP INC (GPS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
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