Retail Bloodbath After Target Announces Price Cuts On “Thousands Of Items”

Friday, September 8, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.comSep 8, 2017

Amazon may have the most razor thin margins in the entire retail world, but that doesn’t mean that its peers can’t catch up as the global race to the deflationary bottom enters its final stage.

Moments ago, that’s precisely what Target did when it announced on its blog that it has taken a “close look” at products most important to its customers to ensure they’re priced right daily, and has cut prices on “thousands of items.” The company also unveiled that it has “eliminated more than two-thirds of our price and offer call-outs so you can more easily spot the savings” and that it is not “ditching promotions.”

In short, Target just pre-preannounced that it will very shortly be guiding both margins and earnings much lower. The only question is whether Amazon will allow it to expand revenues by enough to offset the bottom line drop.

Judging by the market, the answer is no…

The Rest…HERE

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