Here is a MUST READ if you are a Target RedCard holder.
New program scheduled to start before the holiday season!
MINNEAPOLIS, Jun 03, 2010 (BUSINESS WIRE) –Target Corporation (NYSE:TGT) announced today that beginning this fall guests will receive 5 percent off at check-out every day when they use a REDcard at any Target store or on Target.com.
Target’s REDcards include the Target Credit Card, Target Visa Credit Card and Target Check Card debit product.
“We’re excited to offer this outstanding value to our REDcard holders across the country,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “We believe guests will appreciate the simplicity and compelling value of this program, which will lead them to choose to shop more often at Target. As a result, we expect this new program to drive profitable incremental sales, which will more than offset the cost of providing this everyday discount to our cardholders.”
Target has tested this program in Kansas City since October 2009 and guest response has been overwhelmingly favorable, leading to meaningful incremental sales and profits. The response has been particularly strong among our existing better and best retail guests.
This new Rewards program will replace the current Rewards program in which new account holders receive an initial 10-percent-off coupon and existing cardholders earn coupons for 10 percent off a future day of shopping. Guests participating in the current program will continue to earn points until the new program begins.
Target today also announced a change to its Pharmacy Rewards program. Beginning this fall, guests will receive a coupon good for 5 percent off a future day of shopping every time they fill five prescriptions at a Target pharmacy with a Target REDcard. Guests in the program currently receive a coupon good for 10 percent off a future day of shopping every time they fill 10 prescriptions at a Target pharmacy with a Target REDcard.
Thanks Ginger from AttentionTargetShoppers!
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