Economy

Target promises cheaper prices, fewer sales

Target promises cheaper prices, fewer sales”

Target (TAIEX) said in a blog post that its aim is to focus on making items cheaper permanently - and doing fewer temporary sales promotions.

Target promised sweeping price cuts on thousands of grocery items and other consumables in a blog post written by chief merchandising officer Mark Tritton, according to CNBC.

Target is kicking the retail wars up a notch by lowering prices. Target added that it's nixing over two-thirds of its price and offer call-outs - i.e., those "Weekly Wow!" or "Bonus Offer" signs - in favor of clearer messaging.

The source of the growing competition in the supermarket industry can largely be put down to Amazon, who immediately announced significant price reductions to Whole Foods' range after buying the company out for $13.7bn in its latest acquisition.

Target's shares have since recovered, but the retailer's struggle to compete with the tech giant is far from over.

The discount retailer said its goal is to provide great everyday values so that guests don't have to wait for the right sale.

In May, Target said it's testing a program that would offer shoppers next-day delivery, something Amazon has offered its customers for years. So, still expect great sales, but also lower prices across the board.



Like this

Latest


12 September 2017
Blake Shelton Falls in Love on 'I'll Name the Dogs'
While the couple has yet to announce if they finally chose to tie the knot soon, it would not be impossible to see them walk down the aisle soon.

12 September 2017
Stephen Curry wants National Football League teams to 'freekaep'
Kaepernick became part of a lot of headlines when he chose to kneel during the playing of the Star Spangled Banner as an act of protest against racially-charged issues the country is facing.

12 September 2017
Active Volume Stock: Symantec Corporation (SYMC)
Wall Street experts also assign a $32.96 price target on Symantec Corporation , pointing towards a 4.2% rally from current levels. Profund Advsrs Ltd Liability Corporation reported 0.06% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB).

12 September 2017
Edwards Lifesciences Corporation (NYSE:EW) Rating Lowered to Hold at BidaskClub
Finally, Alexandria Capital LLC lifted its stake in Edwards Lifesciences Corporation by 1.7% in the second quarter. BidaskClub has upgraded Edwards Lifesciences Corp (NYSE:EW) to Strong-Buy in a statement released on 6/22/2017.

11 September 2017
Manchester United 'reserve No.7 shirt for Antoine Griezmann'
Atletico Madrid' 26-years-old star still in the MU wish list. He is quite a while being a long-time target for them. Let us know your thoughts in the comments.

11 September 2017
Protests in South Korea as nations wrestle with North missile threat
Putin said Pyongyang would not end its nuclear and missile programmes because it viewed them as its only means of self-defence. Residents believe the THAAD systems will turn their town into a primary target in the case of an attack from North Korea.

11 September 2017
Awkward! Tony Romo conducts interview with Phil Simms, the analyst he replaced
Several times during the game, Romo correctly predicted which plays teams were going to run before they happened. Romo provided more than just color commentary during the Oakland Raiders-Tennessee Titans game.

11 September 2017
Foo Fighters are launching a London pub with exclusive merch this Friday
And if Harvey hadn't done it first, Dave Grohl would've done something similar with the new Foo Fighters album Concrete And Gold . The poster also included a logo image for their new establishment, which featured two dragon skeletons holding a coat of arms.

11 September 2017
Bernstein Reiterates Outperform Rating for Schlumberger NV (SLB)
Tower Limited Liability Com (Trc) holds 0% of its portfolio in Nexstar Media Group Inc (NASDAQ:NXST) for 192 shares. (NYSE:HES). Since January 1, 0001, it had 3 buys, and 0 selling transactions for $344,067 activity. $250,203 worth of Schlumberger Limited.

11 September 2017
Railway Minister Piyush Goyal says bullet train will revolutionise Indian Railways
If the bullet train will stop at all 12 stations, then it will cover the distance in two hours and fifty-eight minutes. Railway Minister Piyush Goyal today said the fare of the high-speed bullet train would be "affordable for all".



Recommended