Target Slashes Prices on 3,000 Items Ahead of Holiday Season
U.S. discount retailer Target (TGT) is aggressively cutting prices on 3,000 products, spanning food, beverages, household essentials, and holiday gifts. The MOVE comes as American consumers face mounting economic pressures—stubborn inflation, elevated interest rates, and the expiration of federal food aid benefits.
Target's strategy reflects broader retail sector concerns. Third-quarter earnings reports reveal widespread anticipation of subdued holiday sales. The company is countering with targeted promotions, including a sub-$5-per-person Thanksgiving meal kit, aiming to capture budget-conscious shoppers during the critical November-January spending window.