Overstock Sales Coming to Big Box Stores

Target, Walmart, and Gap plan to step up sales to clear out excess product.

Target is cutting prices after an unsuccessful start to the year.  This week, the retailer announced that it will have discounts on several products that are overstocked.   To generate sales, the company says they are expecting to increase their supply of groceries and house essentials.  They didn’t specify when would these price cuts would happen or how big the discounts would be.  It’s not the only big-box retailer with too much inventory on its hands.   Walmart and Gap have also said they’re stepping up sales to clear out excess product.