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11-20-2008, 03:44 AM #1
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Target to match Wal-Mart pricing/online bargains
RealClearMarkets - AP - Markets - Nov 17, 2008 - Target plans price cuts despite lower 3Q earnings
Target Corp. said Monday it will aggressively cut prices to give consumers bargains during the holiday season, after weak sales of its apparel and home offerings led third-quarter earnings to fall 24 percent
During the holidays, Target will remain "keenly focused" on offering low prices on national brands and its own products and will match Wal-Mart prices on identical items in local markets, said Kathryn Tesija, Target's executive vice president of merchandise.
The company will also offer half a dozen "value items" online every day at special prices.
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