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Target slashes prices on 5,000 items: Here's why

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In this article:

In an era of increased inflationary pressures, consumers are seeking out bargains and value-driven offerings. This trend has prompted retail giant Target (TGT) to adopt a new pricing strategy, slashing prices on a range of consumer staple items across their stores. Ahead of the highly anticipated summer season, Target has announced price reductions on approximately 5,000 items, with 1,500 of these items getting immediate markdowns.

Yahoo Finance's Madison Mills breaks down the details of this strategic move ahead of their earnings report.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Angel Smith

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