Just in time for holiday shopping to begin Target is reducing prices on over 2,000 items for the second time this year.
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00:00Just in time for holiday shopping, Target reducing prices on over 2,000 items for the second time this year,
00:08aiming to attract inflation-sensitive shoppers.
00:11Immediate discounts are available on various products, including home goods, beauty items and toys,
00:17with ongoing price adjustments planned through December.
00:20The strategy has helped boost customer spending, resulting in a 2% increase in sales at stores open for at least a year
00:28and a 36% rise in profit, according to Target's latest report.
00:33Other major retailers such as Walmart, Ikea and Aldi are also implementing price cuts to entice consumers
00:40who have become more selective with spending due to inflation.