Target Clearance Today, Goodwill Tomorrow
Ever wonder what happens to Target clearance merchandise that nobody buys? As I wrote about in my article, Hitting the Bullseye: Strategies for Shopping at Target, Target follows a fairly consistent clearance strategy – 15%, 30%, 50%, 70% off and sometimes even 90% off (seasonal items seem to be the only ones that ever hit 90% off). Much of their unsold clearance merchandise, marked as “salvage” is sent to Goodwill Industries. In fact, Goodwill stores offer many brand-new Target items (sometimes for less than their Target clearance prices).
In my years of shopping both Goodwill and Target, I know this to be true. Lately, I’ve purchased lots of brand-new Target items at Goodwill – sweaters, small appliances (I got my Instant Pot there), and even dog biscuits. Usually, the pricing is in line with their last markdown (typically close to 75% off the new Target price). Sometimes, I don’t think the Goodwill prices are all that great, especially when they’re less than 50% off the original Target price. However, the good deal is in the eye of the beholder. If it’s something you really want and think is cute, that’s what matters!
So, if you enjoy shopping for Target’s clearance buys and can’t find any good ones in their stores, you’re not out of luck yet. Head on over to the nearest Goodwill store for another chance at finding a great deal!