From CNBC: 2024-08-21 10:32:59

Target CEO Brian Cornell believes price gouging has no place in the retail industry. He disputed claims of inflation by grocers and emphasized the importance of being customer-responsive. Competitors, like Walmart, are also trying to lower prices amidst consumer outrage over high prices. Target has cut prices on thousands of items to drive sales and traffic. CEO Doug McMillon says prices are coming down in many categories, but inflation remains an issue in some areas.



Read more at CNBC: Target CEO Brian Cornell weighs in on price gouging