New Target CEO slashes prices. Previous cuts offered short-lived sales boost.

Reuters·Mar 13

✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source

Target's new CEO is implementing price cuts in an effort to improve the company's competitive position. Previous price cuts have had a short-lived impact on sales. The move is part of a broader plan to address inventory issues, which is expected to affect the company's profits.

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