Target made an important announcement on June 7, 2022, stating that they will be offering major discounts on clothing and home decor. Apparently, the giant￼ retail company is feeling inflation as well. According to sources, they halted all shipments coming in bringing clothes and home decor items because consumers are simply not buying them.
The CEO believes it’s due to the current state of the economy. People are more reluctant to spend money on clothing and purchase groceries instead. They will begin the fire sale effective immediately so be on the lookout.