Standard Target Markdown Schedule
Target holiday markdowns (except Christmas) follow a 3-3-2 schedule. It goes to 50% off the day after the holiday, then three days later 75%. Again, three days after that what's left is 90% off. Two days after that it goes to salvage (Goodwill). However, Christmas is a little different.
Christmas markdowns are based on manager discretion and inventory. Based on prior experience, 50% off from 12/26-12/31 is typical. January 1st markdowns usually go to 75% off, and then a few days after that 90% off.
Note: Some stores do vary but this is the rule for most stores.