Overview

• Target has reduced prices on 5,000 everyday items to attract budget-conscious shoppers.
• Vice President Kamala Harris proposed a federal ban on price gouging in the food and grocery industry.
• Cornell emphasized the competitive nature of retail, where profit margins are minimal.
• Target's earnings exceeded expectations, leading to a 12.3% increase in its stock price.
• Retailers like Walmart and Target are focusing on affordability to meet consumer demands.