Published on 21 May 2024 on Zacks via Yahoo Finance
Target (TGT) Rolls Out Extensive Price Cuts Across 5,000 Items
Target Corporation TGT has announced that it will lower everyday regular prices on approximately 5,000 frequently shopped items across its assortment. The retailer has reduced prices on about 1,500 items, with thousands more price cuts planned to take effect over the course of the summer. Consumers will enjoy savings on everyday items such as milk, meat, bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut butter, coffee, diapers, paper towels, and pet food.These price reductions will collectively save consumers millions of dollars this summer. Target routinely adjusts its prices to ensure it is competitive within its markets. These new price reductions are on top of the retailer's everyday low prices.Rick Gomez, executive vice president and chief food, essentials, and beauty officer at Target, commented on the initiative, stating that Target is focused on helping consumers maximize their budgets in response to current economic pressures. The aim is to offer significant savings on thousands of items, enhancing the overall shopping experience for millions of customers who visit Target weekly.
