Target Announces It Will Slash Prices on Thousands of Items, Sending Shares Tumbling - NBC4 Washington

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

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    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.

    Toddler Towed With Car, Left in Freezing Lot Overnight

    [NATL] Toddler Towed With Car, Left in Freezing Wisconsin Lot Overnight

    A 4-year-old girl was left alone inside a minivan overnight in a Milwaukee tow lot, authorities said. An impaired driver was pulled over and arrested for operating while intoxicated. Officers removed a 10-month-old child from the vehicle but left the 4-year-old girl, who spent the night in the tow lot where temperatures dropped to 19 degrees.

    (Published Thursday, Nov. 15, 2018)