Thursday, November 20, 2008

Target Will Price Match Walmart This Holiday Season

Check out this article.
http://www.realclearmarkets.com/news/ap/finance_business/2008/Nov/17/target_plans_price_cuts_despite_lower_3q_earnings.html

Sorry for the crazy length of the link. It gives details of how the current economic situation is effecting Target's profits and why they have decided to price match some products this holiday season. My best advice is if you see a product cheaper at Walmart, ask Target if they will price match. With the holiday toy coupons Target is pushing this year, you could really get big savings. If you have not seen them, check out this link. http://sites.target.com/site/en/spot/page.jsp?title=toy_coupons_main


Here is the most important piece of the artice as far as price matching.

During the holidays, Target will remain "keenly focused" on offering low prices on national brands and its own products and will match Wal-Mart prices on identical items in local markets, said Kathryn Tesija, Target's executive vice president of merchandise.
The company will also offer half a dozen "value items" online every day at special prices.
"We have taken a very aggressive point of view this year in terms of our promotional pricing, so we expect to be price leaders on selected items in our circular," Steinhafel said. "This is not unlike what we've done in the past. But given the current environment and recognizing how challenging it is, we will be even sharper than we have in prior years."


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