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Flash sales feeding full price demand
A funny thing happened on the way to the department store: luxury goods became accessible to consumers online and at increasingly deeply discounted prices. Thanks to a spate of discount websites offering “flash sales” or exclusive, limited-time offerings, the flash sale phenomenon has revolutionized the way consumers shop, offering an entry into the luxury market at a fraction of the price.
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Target to add store in Chicago
MINNEAPOLIS -- Target has announced plans to open a new store in Chicago. The 190,000-sq.-ft. store, to be located on West Division and North Larrabee Streets, is scheduled to open in October 2013.
To date, Target has announced plans to open 10 Target stores in 2013, including CityTargets in Los Angeles, Portland and San Francisco.