Discover how 2,000 items’ prices are set to drop despite sticky inflation!
essential items
(Reuters) Target said on Tuesday that it was reducing prices on over 2,000 items in an effort to attract bargain-hunting shoppers during the holiday season.

These items range from snacks to toys and cold medicine, the retailor announced. The price reductions will be across national brands and Target’s own private brands, including food and beverages, everyday essentials and holiday gifts, it said.

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The move comes ahead of the shorter-than-usual key shopping period this year, and against a backdrop of frugal consumer behavior.

Rival Walmart has also been pushing to keep prices on essentials low as many Americans turn to discount shopping amid sticky inflation.

In May, Target lowered prices on at least 5,000 frequently shopped products. It said on Tuesday that it was on track to lower prices on more than 10,000 items by the end of the holiday season.

In August, Target raised its full-year profit forecast and reported its first increase in quarterly comparable sales in over a year, driven by price cuts.

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The Minneapolis-based retailer has hired about 100,000 seasonal workers ahead of the holiday season.

 

          
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