Target (TGT) Promotes $3 Appliances
Friday, November 13th, 2009
DVDs and e-books that sell for under $10 is one thing. Appliances that sell for $3 is another. Target (NYSE:TGT) is offering toasters, coffee makers, and slow roasters at $3 each, according to data from GotADeal.com. It is a sign that discounting to pull in retail customers is getting out of hand.
A number of retail industry analysts have questioned whether Wal-Mart (NYSE:WMT), Amazon (NASDAQ:AMZN), and Target (NYSE:TGT) can make money on their DVD promotions. It is just as likely that they choose to lose money on these items to draw people into stores or to their online sites.. They hope that those customers will buy more expensive products that have reasonable profit margins. It is a risk, but given the revenues of the three companies, not a big one. (more…)
Tags: Black Friday 2009, black friday 2009 best buy, black friday 2009 best buy ads, black friday 2009 deals, target, target $3 appliances, target black friday, target black friday 2009, toys r us black friday 2009, walmart black friday 2009
