Target cuts prices on thousands of items
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- เผยแพร่เมื่อ 19 พ.ค. 2024
- Target is cutting prices on thousands of items as an acknowledgment that shoppers are increasingly struggling with inflation, the company announced Monday. KTLA's Shelby Nelson reports on May 20, 2024.
Details: ktla.com/news/nationworld/tar...
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raise prices and then cut them to make it seem like a sale. 🙄
You get what’s happening
Ah the good ol black friday strategy 😂
And everything at Target is still more expensive than everywhere else
Their name suggest their business targeting methods only stupid people fall for that
we can record what it was before and what it is after
Stop calling it inflation, it's price gauging. If it's truly inflation, companies should not be making record profits.
Exactly👍
It’s by literal definition both lol
Inflation: when things such as housing, gas, and more not just in-store prices that go up exceeding high and at a fairly fast pace all occur at once.
- in which in this day we are seeing all those things collectively skyrocket in our economy. So yes, it is cost-push inflation and I could argue it is as well demand-pull inflation due to the insane craze of people junk buying things they see influencers promote or use. We see this with items such as drunk elephant, Stanley cups, etc where the demand was so high that in fact concerning the Stanley’s exceeded production capability.
And obvious I don’t have to explain price gauging..
Exactly
Completely false, most businesses work on fixed margins so higher profits would be expected. If the wholesale price doubles the profit is likely to double.
Definitely which is illegal in America, it takes team work to make things go down
Stores never had to raise prices so much begin with. They just used inflation as an excuse to price gouge while their CEOs get huge paydays.
Ehhhhhhh, yes and no
You stole my thinking.. that’s exactly what they did 🤦🏻♀️
It's totally price gouging it's not inflation, they just use it as an excuse so they can exploit us. Don't give into these corporations.
Agreed. Right after 2020, Safeway / Target increased crazy so I stopped going there.
People should protest and call out CEOs. Everyone blames politicians but politicians are only part of system
Consumers has the power. Stop buying thigs you dont need only the necessities and cheapest but good quality of those you do want. Let them keep slashing prices
what if the whole country would stop making purchases 1 day a week ,that includes fast food and such things as new cars and so on , just think how it would affect the economy maybe lower prices across the board
@@ec5423If only we were United enough to do that.
This
That’s a LIE!!! They want you to think that so you can go to there stores 🙄
lol
Exactly
FAKE NEWS as usual . They are going to be lying to your face untill the election. That the economy is good and to ignore you own eyes and ears. 1984
Well it’s better than Walmart
Right all they do is mark the prices up then down to make folks think they're getting a deal
I went to Target a few days ago for the first time in months. Pillow covers $25. I went to TJMax and got a queen size sheet set with pillow covers for $17.
no one wants cheap designer decor anymore. 35 for a vase and some fake plants.....14 for a candle. 12 for a plate
Shhhh. Don't TELL everyone for heaven sakes! Us long-time bargain shoppers need to be quiet.
@@user-oz9fs1xs9u everyone knows those stores are cheap, people dont buy them because they dont last. scratchy thin comforters. only the throws are worth getting.
Oh please the CEO’s have had 90%+ profit increases, it’s greed! No one is shopping for anything except basic needs.
@worldtraveler3044,
You may be right, but you also may be wrong on that too. I am not an expert on this particular topic, but something I have heard that needs to be brought into the discussion as well is the whole thing about covering costs/expenses/wage increases and those types of things.
Inflation may be rapidly cooling, but there's one area that continues to eat away at Americans' budgets: Stubbornly high food prices.
Rising food costs were one contributor to the hotter-than-expected inflation report on Tuesday, with food prices rising 0.4% in January from December, a faster pace than the overall 0.3% rise in the Consumer Price Index (CPI).
The CPI, a basket of goods and services typically bought by Americans, measures two types of food purchases, groceries and "food away from home," or restaurant and other prepared meals. Both are rising, but restaurant prices are increasing at a faster pace, jumping 5.1% on an annual basis compared with a 1.2% increase in grocery costs.
Any increase in food prices may be especially painful to American consumers, given that supermarket prices are now 25% higher than in January 2020, while inflation has increased 19% over that same time. That means even though grocery costs are now rising at a slower pace than in the depth of the pandemic's inflationary spike, the same shopping basket still costs more than a month or a year ago, a fact that has soured many consumers on the economy.
Two-thirds of voters polled by Yahoo Finance/Ipsos late last year said food prices are where they're most impacted by inflation, far outpacing the 1 in 10 who said they feel the impact through gas prices or higher rents.
January's stubbornly high inflation rate was "boosted by a notable uptick in food inflation back to 0.4%," noted Greg Wilensky, head of U.S. fixed income at Janus Henderson Investors, in a Tuesday email, adding, "We have not seen a food inflation print this high since the beginning of last year."
The reason for inflation's stubborn hold on food prices can be linked to a number of issues, from higher labor costs at manufacturers that trickle down to consumers, to record-low cattle numbers that are driving up the cost of beef and steak.
But some policy experts see other issues at work: Corporations, they claim, are increasing prices simply because they can. President Joe Biden last month warned that companies are "ripping people off" with a combination of price gouging, "greedflation" and shrinkflation.
Greedflation refers to when companies hike product prices beyond the rate of inflation in order to juice their profits - a concept that Northeastern University economist William Dickens notes has become politicized, with Democrats typically leaning into the idea. Republicans, meanwhile, tend to blame the Biden administration for higher prices.
What's causing higher food prices
In fact, five types of food have been responsible for 30% of grocery inflation in recent years, the left-leaning think tank Groundwork Collective found in a February report. They are beef and veal; poultry; non-frozen, non-carbonated juices and drinks; fresh fruits and vegetables; and snacks.
A few of those categories were among the drivers of January's hike in food prices, with beef and veal jumping 7.7% last month. Frozen non-carbonated drinks like orange juice surged 29% last month on an annual basis, while non-frozen non-carbonated drinks rose 4.2%, the CPI data shows.
The reason for the hikes may be due to supply issues and climate change, rather than corporate greed. Drought has reduced pasture for raising cows, leading to smaller cattle herds, according to the U.S. Department of Agriculture. And orange production has been impacted by severe weather events and the citrus greening disease, which doesn't have a cure.
Fast-food price hikes are on the menu
Meanwhile, Americans are also getting walloped when they go out to eat, with fast-food prices jumping 5.8% in January from a year earlier, according to the inflation data released on Tuesday.
McDonald's is one of the chains that has recently boosted prices, but that may be turning away some price-sensitive customers. CEO Chris Kempczinski earlier this month said the burger giant saw fewer visits and lower spending by customers earning $45,000 per year or less.
"We certainly know consumers are more wary - and weary - of pricing and we're going to continue to be consumer-led in our pricing decisions as we look forward to 2024," McDonald's Chief Financial Officer Ian Borden said on an earnings call earlier this month.
Rising prices at the grocery store and restaurants don't impact Americans evenly. Low-income consumers are hit much harder because they must spend a much larger share of their income to afford the basics.
In fact, people in the bottom 20% of earners, whose income is about $14,000 a year, spend 25% of their money on groceries, compared with 3.5% for those in the top 20%, with annual income of about $244,000, the Groundwork Collective found.
Despite January's hotter-than-expected price increases, shoppers should get a break later this year. Grocery prices will continue to moderate and could end the year with a slight decrease of 0.4%, according to a January USDA forecast. But those who love to eat out may not get much relief, with the USDA predicting that restaurant meals will end the year up 4.7%.
Meh.... Target was over priced to begin with. Haven't been there in years don't plan on going back either...
Their clothes are garbage too made by children in sweatshops. Not worth it!
I agree!
You cheap that's why
Nothing wrong with being cheap.
@@pcha151 Yes, yes I'm and more so with inflation and rising food prices..
I'm in the Bay Area and Target seems like it's about 25% more expensive than Walmart.
Yupp 💯
Exactly 👍💯
I'm in Orange County and it has always been about that much higher
Yep that's because it is, everywhere you go. But ppl didn't mind paying more for the laid back experience vs. Wal mart. But when everyone's penny pinching now, no one gives a damn about that laid back experience.
Nah in the Sacramento area it makes no sense to go to Walmart for anything. Most of the time the price difference is between 1-5 cents! Why would I wait 30 minutes to get a locked up pair of socks when I could go to target and grab it off the shelf for the same price. I will admit I would never buy any groceries from Target because they are outrageous, but I can’t say Walmart is any better when they scam customers with massive weight discrepancies. We have WinCo over here and the groceries are so much cheaper and better than any Walmart.
Walmart and Target have made MILLIONS they should lower Prices on Food. They don’t have full time workers only part time and most workers are on Food Stamps. They should be ashamed of themselves.
💯True
Hahahaha.
Cant fight you on that your right yessir 👏
Yup!
That's not true at all. Speak facts before spreading rumors.
Stop shopping until they lower prices to normal!!!
Uhh people need to eat and a lot of women def need makeup 😆🤣
What's normal prices? Inflation been around since the Fed began in 1913
What is a normal price to one generation is expensive to the one before it.
I'm in my mid 40s and remember when gas was $0.75 a gallon in the 1990's...
my mom's generation remember when gas was $0.35 gallon in the 1960's
What was cheap to me was expensive to my mother
As if they didn’t ridiculously raise them within the last few years !
Plant a garden. Learn to crochet. Educate yourself on being a seamstress...or any combination of DIY you can find and stop buying as much as you can! Even with reduced prices they are still a rip-off!
What is price slashing? 10 cents? lol
Literally! After they went up by like $2-4!!
Walmart and Target are not the discount retailers they started out to be. Their prices are now ranked in competition with Macy's and Bloomingdale's. 😱
😵😵😵
Since when was target ever cheap
Over a decade ago in canada
I don't shop at Target anymore
I never shopped at Target.
They have always been more expensive than other stores.
I don’t shop at Target and I’m not going back to them.
Ok. Thanks for sharing.
Same!
I don’t think anyone cares
@@ArbysroastbeefjuiceI care because I feel the same way.
@@Arbysroastbeefjuiceapparently you care if you bothered to comment on her comment.
Yet they still CLOSE the check out area, and look at ALL consumers as thieves. .
Yeah- if you make a legitimate return - due to shoddy product even- they tell you you’ve reached your limit
Why not address why they raised the prices at an all time high since 2020?? T
Corporate media investigated its buddies and found they did nothing wrong.
Too many items are locked up and need an employee to unlock items
They raise the prices, but nobody would buy them so they drop a couple dollars off now you think you’re getting a good deal
Too little too late
Let me know when they are 40% pre Covid prices then I might go shop. Interest won't be coming down anytime soon.
Interest and inflation could come down but companies aren’t being forced to stop the price gouging… that’s what’s killing Americans budget right now
Your fault for falling for the plandemic narrative
Notice how things start shifting towards the average American when Election is near...
Good call out
Great observation im stunt
True that. It’s going to take an angry “consumer” to keep the retailers and capitalist’s from gouging us all… 🇺🇸
Just wait until Trump is back and retailers will really have something to worry about.
@@milesfann33things was much better then before the 4 years of with this pedo administration we have now
I cut Targét off 🤣🤣🤣 long time ago
Thank you 99 cent stores for laying your life on the line.
My old spice body wash use to be $3. But now its $8. This is jus one item. Multiply the difference on each item u buy and on top of that u got family…..ya it’s ridiculous!
It’s ridiculous. Just as general consumer information, companies love body wash. It’s much more expensive than a bar of soap, and it gets used up much faster.
@@genxx2724 so true, you spill most of it trying to get it on your body
@@vanpearsall If you pour it directly to your wash cloth or loofa you don’t waste as much.
@@X0AleeX0 Right, use a washcloth. I didn’t even realize any waste was due to spillage. I just thought it was because people use a greater volume of liquid body wash than solid soap rubbed from a bar. So there is a much larger amount of body wash used than I realized.
Thx everybody for ur bar soap ad.
Oh boy, double digit inflation for the past 3 years and we're getting handed crumbs and are supposed to be grateful?
big corps have been making record profits, while the average American pays for CEOs millions.
Finally!! Things are so ridiculously expensive! I used to shop at 3 different stores. Now I have to go to 5 to find bargains and not always the same day!
Oh so prices can go down a bit when everyone cuts back on spending… I’m still cutting back
The Guerrero soft taco size tortillas I just bought seem smaller. The package says 13.5 ounces. The old package is still in the trash, and it says the same. I didn’t weigh the package before using them, but when I go to the store tomorrow, I will weigh a package. I suspect shrinkflation.
If yall could’ve cut rates why did it take so long??
They’re getting caught price gouging AB’s people are talking about it en mass. They’re not falling for the ceo tired old lies that prices are high due to inflation… they control their prices and for this while for years early 2020 they’ve been jacking up the prices because they can manipulate the public to blame the wrong person for what they’re doing
Once a business is on my "never buy" list it will not be removed. What Target did in the last year put them on my list so they can lower their prices to free and I still won't buy anything from them.
This. I feel the same way.
👏👏💯
used to shop at Walmart and Fred Meyer more, even the odd Whole Foods trip, but lately I only shop at Winco and Grocery Outlet.
I'm not living paycheck to paycheck but i am conscious of my spending. That said, i will continue to reduce spending at all these stores. The CEOs will take a paycut or eventually they will get cut themselves.
😂 thumbnail is Walmart though
Lower prices by 1 cents and call it a sale 😂
they can lower them but they will still be over priced...
Theyre about to start closing some target stores.
This feels like Black Friday again....
No it doesn’t
@@M4tTh3w909I don't think you understand. Target allegedly put items on "sale" for Black Friday when in reality the items were regular price.
In comparison. Target can't compete with Walmart's grocery and produce prices. On the other hand, Walmart can't compete with Target's clothing and home goods quality. This price war is good for consumers.
I don’t see these price cuts anywhere…
Ill never shop at Target lets not forget what they did.
let the rainbow people have the store
@@johnames6430god forbid! Did you see what they did in Florida? They let the rat have the store. Crazy
What did they do?
@@johnames6430I’m a rainbow person and glad I don’t have the problems you do. 😊
Costco.. look at the stock price profit in the last 3 years. It went from $338 a share in 2020 to $795 today. They are not taking a loss if they cut prices..🤪
Its not inflation. Its corporations are at an all time high in profits.
Ohhhh okay. 🤡😊
I’d go to Trader Joe’s and have 20+ items for barely $80. Sometimes at target I’ll buy 5-7 items and I’m already nearing $100. Crazy. And that’s just food or snacks.
I feel like I’m literally eating money nowadays. $1for an onion, $1 for a potato. Those are the basics, not packaged snacks.
It's called corporate greed.
You also have to account for the fact that target will price match against most of the big retailers, so I recommend checking the prices on their apps and as you shop compare the prices, add to your online cart whatever item you find cheaper on another store and when you get to the checkout lane show it to the cashier and ask them to price match you. On top of that if you have one of the target red cards you get an extra %5 off, plus whatever sales they have going on. So it all can really add up if you shop smart
Inflate the price by 200% then cut 3% to lure in the customers. What a brilliant business strategy!
I prefer to shop at Target and price match Walmart prices sometimes Target will have the cheaper price but if they don’t it’s never a hassle to price match. I keep both apps on my phone to scan the items in my cart for each store’s price and separate the items that need to be price adjusted that way I feel satisfied knowing I got the best price either store has to offer. Every penny counts these days, that’s the method I use to save what I can.
Probably cutting prices on items I don't buy anyway. If it's household cleaning, soap, toothpaste, shampoo, and/or laundry stuff that's good. That's about all I but there. Maybe sometimes batteries. Rarely food items. Loss leaders will get people in the store for the other items and impulse buys.
Say what want about Walmart.
It is one of the few big stores remaining where you can get a somewhat decent deal on food and things.
So simply back to pre-gouging levels.
My local Walmart lowers some soda to $1.00 too!
1.00 per can?
Yikes, that is expensive.
That's a good deal for diabetes
@@aaap3875 no, it's $1.00 for a 2 liter.
It was 84 cents before biden took office.
More diabeetus for the po folk.
3:08 anyone catch how she said “if u go to smaller retailers its harder for them to compete” well if more people supported there local businesses and not mega corporations prices would be lower and food would be fresher
Inflation is not down. Stop lying to the people.
Right I’ve got $13 in my bank account living paycheck to paycheck and they say inflation is down 😪 WHERE??
"AKCHUALY... the economy is at its best in decades! According to independent experts..." - The Liberal Talking Point
Just cuz stuff is expensive doesn't mean inflation isn't coming down.
@@PauloHernandezXDit's better than how the orange turd left it.
@@alexnecrodusk5851 You see how personally offended you are & wanted a reason to say Drumph's name.
We get it, you miss your ex, LMFAO
Targets wack
they are not cutting prices to lose money, the profit margin is already build in, if the inflation is 7%, why is that grocery, energy, went up 25%?
Aldi is cheaper.
Aldi isn't horrible BUTT they do sell a lot of really crappy food
Don't get meat there plz
Thank you....but no thank you😂
It’s because everyone been running to Aldi’s with those deals
Inflation is a motherphucka!!!
These roll cutt prices r mysterious. I continued to shop at wal mart n Aldi's. Target still too costly. Soo is Publix
Walmart has the best prices on milk, eggs, meats, cereal, baby stuff, and kitchen accessories for what I've seen lately
They have been price gouging for years & finally the music has stopped.
A while back I bought a one pound box of Great Value linguine from Walmart. Still in the box it was 15.1 ounces. So less than 15 ounces of pasta after the box weight. Stopped buying it from them.
Cut prices won't help with theft
Hopefully they can fix the bathroom. I don't know which one to use
Wow!!!! A 30 cent cut in wheat bread! That’s really gonna save all us average folks! Thanks Target and Wal-Mart!
I worked at target 🎯 in overcrowded Princeton , New Jersey. They caught peeps walking right out the door with carts full of stuff .
Black Friday at Target?🤔🇺🇸
We went yesterday, just see if the drops were worth it, and we left empty-handed. Didn't see any major price cuts at all. Their grocery is waaay higher than the premium grocers, laundry soap and cleaning products are still outrageous.
Walmart prices are insane. If you really pay attention they’re not even that cheap anymore! They know a lot of people going there with EBT cards and just because they have the reputation of being cheap, dumb people don’t pay attention. Albertsons has even been cheaper on a lot of items with their app then Walmart.
I actually buy my groceries from both Target and Walmart. I shop mostly on their apps and I noticed that Target seems to usually have cheaper prices on the app. But for those of you that don't know, Target actually does price match. If you show a Target cashier that the same item costs less at another place then they will lower the price on it.
Walmart only started lowering prices here when Aldi's rolled into town and started undercutting then by a fairly large scale. Parmigiano imported from Italy used to cost $8 for 6oz at Walmart and then they stopped selling it for 3 years, they only put them back on the shelves when Aldi's moved in and it's just common practice for them to have it, it's $6 and Walmart letter their price to match it.
I wanted to let everyone know that I just farted!
👏🤯
Inflation
@@richardgomez5008 More like deflation...
Thanks Target, we appreciate your making the effort to respond to consumer concerns.
Target doesn’t have the security system like Walmart. Their cameras are so good that it can see the text off my phone. 😂
Target should invest in their loss prevention and it will help.
We use to call that a sale......not any more
The regular grocery games that have been played for years. Keep prices a little lower on key items like milk, bread, meat, diapers, but keep other things inflated. Customers will think they are getting a deal when in fact all those other items are making up the difference.
The last few times I’ve been to Target in Tampa/Clearwater it’s been completely empty. This was during Spring Break 24. Maybe there were some moms with strollers just getting out of the heat. I go so rarely and buy like two things, that I can’t find at Walmart etc. The prices are out of control ~ and it shows.
Next comes the mass closing of big box stores when “consumers” realize they already own enough “consumer goods” and can get by purchasing and living comfortably on about half the food they purchase now… They also can save money by gardening and growing some of their own food! 👍
How about a grocery store ??? Or Farmers Market???
In all state’s?
Yes
I shop at Costco and Amazon for pretty much everything, so screw Target and Walmart. 😂
😂 same
1:06 - 1:09 BRO I FEEL YOU !! 😭
how small are things now?
so they were gouging the entire time
Texas praying for all.
Target is national😅
Praying for you as well
currently there are 199 comments here. add tax and shipping, it's more like 220.
and the number keeps going up.
Thank you Overlords. Well work harder!!!
prices are down its almost like somthing big is going to happen in November
Well aldi blowing up now targets trying to be more competitive
Such exhilarating news
Still waaayy too expensive. F off corporations. Greedflation!!
I went to target and walmart yesterday and some items were cheaper at than at walmart. I wish target had more food products.
Target basic essentials and food are expensive. It’s impossible to grocery shop at Target.
This shows that their prices have been higher than they needed too be for years
In nyc we have more targets than Walmarts I’m glad they doing this.
Which is a clear indication they were overcharging for those items all along.