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Target cuts prices on groceries and other consumables

from Food Dive

Target promised sweeping price cuts on thousands of grocery items and other consumables in a blog post written by chief merchandising officer Mark Tritton, according to CNBC. "We've spent months looking at our entire assortment, with a focus on offering the right price every day and simplifying our marketing ... all while maintaining sales we know are meaningful to guests," Tritton wrote. Target said it has not eliminated its product promotions, but said it will only focus on its most "compelling" items. Overall, the retailer said it has eliminated two thirds of its price and offers "callouts" in favor of broader price cuts. more

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