Target Just Dumped Its Pride Merchandise -- Here's Where It All May Go
Target's reputation took a hit and now the retailer needs to decide what to do with all the clothing in stores and warehouses.
Thomas Lee
20 hours ago
Target Corporation (TGT) - Get Free Report has decided to remove merchandise from its upcoming LGBQT Pride collection because of objections from right wing critics.
Fortunately, retailers have lots of experience getting rid of unsold apparel, whether by selling to off-price retailers like T.J. Maxx or Marshalls, both owned by TJX Companies Inc. (TJX) - Get Free Report, or just relegating clothing to landfills, which is not really good for the environment.
In Target’s case, the retailer will most likely -- and very quietly -- donate the merchandise to charities or foundations, possibly aligned with LGBTQ+ causes.
“I'm guessing that (the clothing will) end up being donated,” said Jane Singer, managing director of Inside Fashion and JDT Research in Hong Kong, which tracks the international apparel supply chain. “They can't sit in a warehouse because warehousing costs are very high. Also Target needs to get that inventory off of their books to free up 'open to buy' dollars so that they can buy new merchandise.”
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https://www.thestreet.com/retailers/target-just-dumped-its-pride-merchandise-heres-where-it-all-may-go