Target cuts prices on nearly 2,000 items as the retail 'value war' escalates
-0.45% to $156.00 from $156.70
What moved TGT
- Target announced lower prices on nearly 2,000 home, apparel and accessory items, with some clothing now at least 20% cheaper than a year ago.
- Examples included women’s long-sleeve tees dropping to $12 from $15 and queen-size comforters falling to $69 from $89, with the refreshed bedding assortment down 15% on average.
- The retailer said it has lowered more than 10,000 prices over the past 12 months, with the latest round timed ahead of its October 6-7 Circle Deal Days event and the holiday shopping season.
- The cuts mark the latest escalation in a price war among Target, Walmart and Amazon for holiday traffic and market share.
Sources: Yahoo Finance · Seeking Alpha · StockTitan