Wednesday, February 15, 2006

Tidbits from fellow STT

Department: The Tip Jar


We have had some pretty great tips coming into the STT email from our loyal fans. Here is the latest:

#1 -Target has it's own Crime Lab (yes we are late hopping on this one- we have real jobs you know) Thanks to a dozen or so STT who wrote us with THIS and thanks to Anderson Cooper for the story- we think you are cute and don't care if you are gay or not. It's really none of our biz.

#2- Designer update from an insider about my post regarding my man TOB (Thomas O'Brien)

Yes, Thomas will be carrying on in stores. In fact, his new spring collection will be setting soon. Also new items for Spring will hit from: Isaac Mizrahi, Rachel Ashwell, Michael Graves, and Target lines like Fieldcrest and Waverly.

#3- Discount Days- could be bunk or regional but it's worth a shot. (sent in by a reader who found this on craigslist.org)

"Love your site. Read it all the time."

http://forums.craigslist.org/?ID=38854211

Discount days for Target Mark Down Schedule ------- -
Mon. -- Electronics, Kids Clothing and Stationary (Cards, GiftWrap, etc.)
-Tues. -- Domestics, Women's Clothing, Pets and Market (food items)
-Wed. -- Men's Clothing, Toys, Health and Beauty, Lawn & Garden items
-Thur. -- House Wares, Lingerie, Shoes, Sporting Goods, Movies, Music, Books, Decor and Luggage
-Fri. -- Auto, Cosmetics, Hardware, & Jewelry



Thanks and keep them coming!





3 Comments:


  • the mark down days vary from store to store but some stay the same.


    By Blogger mini driver wannabe, on Thursday, February 16, 2006  



  • I verified this list with a Target employee yesterday. It's REAL, baby! I got a ton o'stuff for cheap.


    By Blogger SB, on Friday, February 17, 2006  



  • I used to work in merchandising at Target HQ (for 5 years) and this markdown schedule is pretty accurate. They also use a standard markdown process too.

    They like to keep most markdowns on the 15%, 30%, 50% cycle and it’s mainly used for high margin departments like electronics, books, etc. It’s fairly rare to see the markdowns start at 25% or 30%--mainly because they lose money selling it at a higher discount price. Clothing markdowns generally go at 25%, 50%, 75%.

    It’s very rare to see items selling at 75% or 90% off. Those markdowns are usually saved for stuff like food that’s close to the expiration/sell by date or for products that really didn’t sell well.

    Occasionally, you’ll see a 75% or 90% off priced item on the shelf because it was a return, the store got a last minute push of product from the warehouse.

    Seasonal and holiday items don’t really follow the markdown schedule, but they do have a pattern. Most holiday items will go 50% off the day after the holiday.

    Depending on how fast the stuff needs to get out of the store, it will usually go to 75% off 1 week after the first markdown. If the store has to get rid of stuff fast, then it will usually go to 75% off 3 days after the first markdown. Markdowns are only done on weekday mornings. Weekends are too busy for stores to redo the signage and re-price everything.

    Some stores like a SuperTarget will start markdowns earlier than a smaller Greatland store. This is generally because they are a high volume store and have a higher product turnover, so they need to receive the new products sooner to fill the shelf space. For example a SuperTarget will start markdowns for summer clothing a couple weeks earlier than a Greatland store, so that the SuperTarget store will have space for the incoming fall clothing.

    Also, most core items are on a set ad rotation. For example, Tide laundry detergent is usually on a 4-5 week ad rotation. This means that every 4-5 weeks, Tide will be on sale in the circular. Other products on ad rotation include toilet paper, tissue, baby products, laundry detergent, soap/body wash, toothpaste, etc.


    By Blogger specialk, on Monday, October 01, 2007  


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