Home›Earnings›Previews›Target cuts prices on about 2,000 items ahead of the h…

Target cuts prices on about 2,000 items ahead of the holidays

The retailer is building on prior reductions, having already cut baseline prices on roughly 10,000 items over the past 12 months.

Reported · Written up by our desk · Previews

Target Corporation has announced price cuts on about 2,000 apparel and home items ahead of the fourth quarter, using the discounts to drive holiday shopping activity, MarketBeat Ratings reports.

The company is also extending earlier efforts, with the new cuts building on about 10,000 baseline price reductions implemented over the trailing 12 months.

MarketBeat Ratings adds that discretionary categories saw the sharpest adjustments, including select seasonal apparel priced about 20% below prior-year levels and home bedding averaging about 15% lower.

The article notes that these pricing moves are intended to come before early October promotional activity.

More like this

Sources