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Market
How did Target's market share in groceries and essentials change in Q3 2024?
5
Resolution / Starting Odds
Increased significantly • 25%
Increased slightly • 25%
Remained stable • 25%
Decreased • 25%
Industry market share reports
Story
Target to Lower Prices on 5,000 Items This Summer Ahead of Memorial Day
May 20, 2024, 04:53 PM
Target Corporation announced on Monday that it will lower prices on approximately 5,000 frequently shopped items. The price reductions will cover a wide range of products including milk, meat, bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut butter, coffee, diapers, paper, and pet food. The initiative is part of Target's strategy to attract budget-conscious consumers amid ongoing inflation. The company has already reduced prices on 1,500 items, with additional cuts planned over the summer. This move comes as Target seeks to remain competitive and boost sales, particularly ahead of the Memorial Day weekend. The price cuts also include household essentials.
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Similar markets
Significant increase • 33%
No change • 33%
Decrease • 34%
Stock Price Increase • 33%
Stock Price Stable • 34%
Stock Price Decrease • 33%
Most effective in groceries • 20%
Most effective in household items • 20%
Most effective in pet supplies • 20%
Most effective in personal care • 20%
Equally effective across all categories • 20%
Increased spending • 33%
No change in spending • 33%
Decreased spending • 33%
Increase significantly • 33%
Increase slightly • 33%
Remain the same • 34%
Stock price rises • 33%
Stock price falls • 33%
Stock price remains stable • 34%