Target Announces It Will Slash Prices on Thousands of Items, Sending Shares Tumbling - NBC 7 San Diego
National & International News
The day’s top national and international news

Target Announces It Will Slash Prices on Thousands of Items, Sending Shares Tumbling

The price cuts will be on items including cereal, paper towels and baby formula

    processing...

    NEWSLETTERS

    Target Announces It Will Slash Prices on Thousands of Items, Sending Shares Tumbling
    Scott Olson / Getty Images

    Target shares dropped after the retailer posted a blog on Friday about lowering prices on thousands of items, CNBC reported.

    The price cuts will be on items including cereal, paper towels, baby formula, razors and bath tissue, Target said. And the news comes just days after Amazon started cutting prices at Whole Foods' stores across America.

    Target shares were trading around 3 percent lower Friday afternoon on the news.

    "We want our guests to feel a sense of satisfaction every time they shop at Target," Mark Tritton, Target's chief merchandising officer, said in a statement.

    Man’s Attempt to Cook Turkey for Ill Wife Destroys Home

    [NATL] California Man’s Attempt to Cook a Turkey for Hospitalized Wife Destroys Their Home

    Charles Depriest of Sanger, Calif., says he fell asleep while smoking a turkey in his backyard for his wife, who is battling cancer.

    (Published 4 hours ago)