Target said it was cutting prices on 3,000 items by as much as 20% as consumers grapple with stubborn inflation.
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The cuts will start in March and continue throughout spring on products including apparel, pantry goods and more.
Planning a Target run? The retailer just announced permanent price cuts on 3,000 spring favorites and a major redesign for over 600 store locations.
With the U.S. being above the Federal Reserve’s 2% target for 5 years in a row, major retailers across the nation have taken a drastic approach amid increased competitive pressure.
The retailer aims to emphasize value for its shoppers.