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Target Says It's Trimming Prices on 2,000 Items Ahead of the Holiday Shopping Season
The retailer said some apparel is 20% below last year’s prices as it tries to win budget-conscious shoppers before the holiday season.
- On Tuesday, Target announced price cuts on about 2,000 home, apparel, and accessory items to attract cost-conscious shoppers ahead of the upcoming holiday season.
- Consumer sentiment fell to a four-month low this month as heightened fuel costs and macroeconomic pressures strain household budgets, CEO Michael Fiddelke noted.
- Women's long-sleeve T-shirts dropped from $15 to $12, and children's rain and winter boots averaged 15% lower than a year ago.
- These discounts complement Target's October Circle Deal Days event, which competes with Amazon's Big Deal Days sale to capture holiday spending.
- Target previously reduced prices on about 3,000 products in March, and the latest cuts contribute to 10,000 price reductions made over the past year.
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16 Articles
16 Articles
Target lowers prices on nearly 2,000 items ahead of holiday season
·London, United Kingdom
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Coverage Details
Total News Sources16
Leaning Left1Leaning Right3Center10Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
C 72%
R 21%
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