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TGT Oct 2024 190.000 put
- Associated Press Finance
Target to lower prices on about 5,000 basic goods as inflation sends customers scrounging for deals
Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inflation cuts into household budgets and more Americans pay closer attention to their spending. The price cuts on as many as 5,000 food, beverage and household essential items announced Monday is a bid by Target to cater to customers who increasingly have deployed a mix of strategies to find relief at the register, including trading down to private label products, forgoing impulse buys, using coupons and waiting for deals. Walmart posted strong quarterly sales last week, driven by a influx of customers looking for bargains.
- CNN Business
Target is cutting prices on up to 5,000 items to lure back inflation-wary shoppers
Target has slashed prices on more than 1,500 popular items beginning immediately, ranging from butter to laundry detergent, as the retailer attempts to attract inflation-wary shoppers turned off by high prices.
- Reuters
Target lowering prices on 5,000 items in bid to lure more shoppers
The big-box retailer will cut prices on frequently shopped products ranging from milk to diapers as it looks to attract budget-stretched customers.
