Target CEO Denies Price Gouging Amid Competitive Retail Market

Brian Cornell argues that slim profit margins and consumer price comparisons prevent retailers from inflating prices.

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.