Target lowers prices on nearly 2,000 items ahead of holiday season
TGT•Target said it is lowering prices on nearly 2,000 home, apparel and accessory items ahead of the holiday season. Some apparel and footwear will cost 20% or more less than last year, while bedding prices will average 15% lower.
1. Price reductions
Target said it is lowering prices on nearly 2,000 home, apparel and accessory items to attract shoppers ahead of the holiday season. Some women’s, men’s, infant and toddler apparel and family footwear will be priced 20% or more below last year’s levels, and bedding prices will average 15% lower.
2. Broader pricing efforts
The latest reductions build on price cuts for more than 10,000 products over the past year, Target said. The company also cut prices on more than 3,000 products earlier this year and raised its annual forecast in August after three consecutive quarters of stronger-than-expected results.
