If you like shopping at Target we have some great news to share with you.

Target has announced that it will be dropping prices on nearly 5,000 items in its stores as Americans continue to cut back on spending due to inflation.

According to a report, Target will be slicing the prices of diapers, various food items, household items, pet food, and fruits/vegetables.

Photo by Joe Raedle/Getty Images
Photo by Joe Raedle/Getty Images
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For the first time in seven years, Target reported a decline in sales, approxiimately 1.7%.

Consumers have cut back on spending due to inflation and major brands like Walmart and McDonald's have taken notice so they too are adjusting their prices. Most major brands report that consumers are now looking for more deals on items and that's what they plan to offer.

If you're curious as to when you will see a drop in prices, Target says by the summer they will have cut prices on national brands and even on their own brand items throughout stores.

I will note here that some smaller stores, local stores, have also taken notice of consumer spending habits and many are also cutting and adjusting prices as customers scale back on spending.

 

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