The high inflation that we have been dealing with over the last few years has caused many of us to make some tough decisions when it comes to our spending.

It was only a few years ago when we all just went to our department store of choice.  Now, most of us are shopping around or even putting off making big purchases.

In an effort to retain customers, many big box chain stores have slashed prices.

Target is the latest retailer to cut costs.

According to a press release on the retail chain's website, Target plans to cut costs on thousands of products over the next few months.  These cuts will be nationwide.  Based on the press release, many of the items to have their prices cut are everyday consumable items that we all use, like coffee, peanut butter, milk, and pet food.

About 1,500 items were included in the first round of price reductions.  Many of these items are those that customers would be purchasing in the days leading up to the Memorial Day weekend.

The Target website said, in part:

Examples of price reductions already in place at many Target locations and online ahead of Memorial Day include Good & Gather Frozen Chicken Breast, Prime Hydration Ice Pop Sports Drinks, Johnsonville Cheddar Smoked Sausages and Good & Gather Shredded Cheese.

 

By the end of the summer, the retailer plans to have dropped the prices on more than 5,000 items.

Keep in mind that these are not massive discounts.  The price reductions noted in the press release are mostly between $0.20 and $0.80.  Of course, if you typically buy a lot of grocery and personal care items at Target, you are likely to save hundreds of dollars over the coming months.

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