Target doesn’t expect pricier merch until spring ’11
May 19, 2010-- Home Textiles Today,
Minneapolis – Target’s chief merchant told analysts during the company’s conference call today that the retailer doesn’t expect more expensive goods to arrive at retail until spring 2011.
“There are costing pressures coming through – on cotton, on paper, copper, synthetic fabrics,” said Kathy Tesija, executive vp, merchandising.
More expensive merchandise would arrive at the earliest in late fall “if we start chasing products,” she said.
She said Target will have to decide whether to pass along cost increases or restructure the products.