Target Slashes Prices During Inflation Crunch
Snippet of Article: "...The move by Target comes in response to soaring food prices and high borrowing costs, which have made customers more conscious of their spending habits. Items such as meat, bread, soda, fresh fruit and vegetables, snacks, and yogurt will see price reductions across various markets, including Phoenix, Minneapolis, New Orleans, and Baltimore. Target's Chief Food, Essentials, and Beauty Officer noted that are under pressure to stretch their budgets further. This initiative follows Walmart's recent assertion of a resilient US shopper base, despite ongoing inflationary concerns. Walmart already offers products at competitive prices, reinforcing its stance in the market. Target, set to report its first-quarter results on Wednesday, has already slashed prices on around 1,500 items, with more to follow this summer. ..."
Source: finimize.com