Target announced today that it will be slashing prices on around 5,000 of its most popular items over the next few weeks. About 1,500 items have already seen price cuts, and all remaining adjustments will be completed by the end of the summer.
“These price cuts are expected to save consumers millions of dollars this summer,” Target announced in a news release. This strategy also aims to maintain the retailer’s competitive edge in the market.
The discounted items include food products, Memorial Day essentials, Fourth of July fun items, and back-to-school gear.
Examples of Target’s Discounted Items
Here are some of the price cuts already made, along with categories that will continue to see reductions:
- Good & Gather Unsalted Butter (1 lb): $3.99 to $3.79
- Good & Gather Organic Baby Spinach (5 oz): $3.29 to $2.99
- Prime Hydration Sports Drinks (16.9 fl oz): $2.19 to $1.99
- Jack’s Frozen Pepperoni Pizza (14.3 oz): $4.19 to $3.99
- Thomas’ Plain Bagels (20 oz): $4.19 to $3.79
- Pepperidge Farm Goldfish Cheddar Flavor Blasted Crackers (6.6 oz): $2.99 to $2.79
- Good & Gather Sea Salt Roasted Nuts (9.5 oz): $6.89 to $5.29
- Clorox Scented Wipes (75 ct): $5.79 to $4.99
- Huggies Baby Wipes (16 ct): $1.99 to $0.99
- Aveeno SPF 50 Sunscreen (3 fl oz): $13.89 to $13.19
- Persil Liquid Laundry Detergent (100 fl oz): $13.69 to $12.99
- Purina One Chicken & Gravy Cat Food (13 oz): $2.39 to $1.99
Items with new prices will feature easily recognizable red tags in stores and online.
“We understand that consumers are feeling the pressure to stretch their budgets, and Target is here to help them save more,” said Rick Gomez, Target’s executive vice president and chief food, essentials, and beauty officer, in a statement on Monday.
Aldi Lowers Prices on Over 250 Food Items
Aldi is also joining the price-cutting trend this summer by reducing prices on around 250 items, the grocer announced earlier this month.
“With experts predicting ongoing inflation, we felt it was the right time to offer even greater discounts on our already low prices for the second year in a row,” said Dave Rinaldo, president of Aldi U.S., in a statement.
According to a news release, Aldi will reduce prices on seasonal items such as picnic necessities, BBQ essentials, travel-ready snacks, and healthier food options.
“We don’t want high food prices to prevent people from enjoying time with friends and family or spending time outdoors this season,” Rinaldo added.
