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Target Slashes Prices Ahead of Holiday Season Revival

11/22/2025

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Summary

Story summary

Target Corporation (Target) is cutting prices on 3,000 food and household items to attract cost-conscious shoppers during the holiday season.
Target reported a 2.7% decline in comparable sales for the third quarter.
New Chief Executive Michael Fiddelke will take over in February.
Target will invest $1 billion in 2026 for store remodels and digital improvements as it experiments with a new online order fulfillment model.

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Story summary

Target Corporation (Target) is cutting prices on 3,000 food and household items to attract cost-conscious shoppers during the holiday season.
Target reported a 2.7% decline in comparable sales for the third quarter.
New Chief Executive Michael Fiddelke will take over in February.
Target will invest $1 billion in 2026 for store remodels and digital improvements as it experiments with a new online order fulfillment model.