TargetĀ® Unveils Super Savings on HDTVs for Game Day with Zero-Percent Financing

MINNEAPOLIS - January 29, 2010
Biggest Discounts of the Year Help Guests Save
 
Target is offering huge savings just in time for the big game—from electronics to refreshments and everything in between. Starting this Sunday, save up to $200 on select TVs, including a Magnavox 42” 1080p LCD for only $499.  In addition, Target guests who purchase any 32-inch or larger TV with a REDcard credit account between January 31 and February 6 can choose to receive zero-percent introductory financing until September 2010.* 
 
Time to replace the big, old TV? A recent survey by the Consumer Electronics Association shows that one half of U.S. consumers intend to buy a HDTV for their next television.** Target is making this switch easier than ever—coupling new expert TV delivery, set-up and recycling of old TVs with astounding low prices and zero-percent financing.
 
“We’re making value and convenience our top priority for our guests. With this new financing offer, guests can save big on great name brand TVs such as a Magnavox 42” 1080p LCD for only $499,” said Mark Schindele, senior vice president of Merchandising, Target.
 
HDTV highlights at Target starting this Sunday:
  • Magnavox 42-inch 1080p LCD HDTV on sale for $499 (savings of more than $180) 
  • Vizio 55-inch 1080p 120Hz LCD HDTV on sale for $1,299 (savings of more than $200)
  • Philips 47-inch 1080p 120Hz LCD HDTV on sale for $848 (savings of more than $130)
  • Vizio 37-inch  1080p 120Hz LCD HDTV on sale for $629 (savings of more than $70)
  • Sylvania 32-inch class 720p LCD HDTV on sale for $299 (savings of more than $60)
  • Sylvania 19-inch class 720p LCD HDTV on sale for $149 (savings of more than $20)
With Target’s professional TV delivery and installation starting at $99, it’s easier than ever to get in the game. The new service ensures professional set-up for TV purchases at Target stores nationwide. For one week only, Target is offering zero-percent introductory financing until September 2010 on the purchase of a 32-inch or larger TV on a REDcard credit account.*  REDcard guests receive many additional ongoing benefits including the opportunity to earn certificates for a 10-percent-off shopping day and the option to enroll in the Take Charge of Education program. Through Take Charge of Education, Target donates up to 1 percent of guests’ REDcard purchase amounts to the K-12 school of the guest’s choice. Guests are encouraged to visit Target.com/REDcards for more information about the many valuable benefits REDcards offer.
 
About Target
 
Minneapolis-based Target Corporation (NYSE:TGT)serves guests at 1,744 stores in 49 states nationwide and at Target.com. Target is committed to providing a fun and convenient shopping experience with access to unique and highly differentiated products at affordable prices. Since 1946, the corporation has given 5 percent of its income through community grants and programs like Take Charge of Education. Today, that giving equals more than $3 million a week.
 
 
* Offer subject to credit approval. Guests will need to have the financing certificate from electronics register to receive this offer. Purchase a television 32” or larger between 1/31/10 - 2/6/10, and the 0% introductory APR applies to the purchase amount until September 2010; after that, for new credit accounts the APR will be a variable rate currently 23.24% or 25.24%.  Regular credit terms apply to non-promotional balances. Finance charge: $1 min. Minimum payment: greater of a) $10; or b) 1% of total balance plus late fees, returned payment fees and periodic finance charges. Target Visa: Cash Advance variable APR is currently 27.24%, cash adv. fee of 3%, min. $10, and Int’l serv. fee of 3%.  Offer is also available to existing REDcard accountholders; and they should see their account agreement for fee and non-promotional rate information.  Payments will be applied to higher APR balances before the promotional balance.   Minimum payments are required. If you make only the minimum payments, you will not pay off the promotional balance before the end of the introductory period. Limit three televisions per REDcard credit account.  Offer not valid on Target.com.
REDcardSM: Target Visa Credit Card, Target Credit CardSM.  Subject to application approval.
 
**Consumer Electronics Association eBrain survey

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