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Target Will Slash Prices To Get Rid Of Inventory

Target plans to cut prices, cancel orders, and take other steps to reduce its increased inventory. The Minneapolis-based retailer believes the actions will lower its profit in the current quarter more than predicted just three weeks ago. Customers may see prices drop on TVs, outdoor furniture, and kitchen appliances as Target tries to push them out the door to make room for better-selling merchandise.

Stacked Target shopping carts

Photo: Getty Images


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