Target cuts prices on 3,000 everyday items
Target said it will reduce prices on 3,000 food and household items to boost value during the holidays and help reverse a sales slump. The company also narrowed its 2025 earnings outlook, cited continued traffic softness, and outlined a $5 billion 2026 investment plan for store remodels, new large-format locations, and supply chain/tech upgrades.
📌 Key Facts
- Price cuts cover 3,000 food and household goods, per CCO Rick Gomez
- Company narrowed full‑year EPS guidance to $7–$8 and expects a single‑digit sales decline
- Plans $5B in 2026 capex for remodels, new stores, and supply chain/technology