Target CEO Brian Cornell is set to make the holiday season brighter for shoppers by promising impressive discounts. Amidst rising credit card debt and economic pressures, discover how Target is offering value and helping customers save this holiday season.
Target strives to keep prices low, with discounts and promotions being offered. Notably, a surprising two-thirds of the toy range this season has a price tag of less than . This is a significant attempt to provide affordable options for gift-givers this holiday season.
Price Match Guarantee
For those looking to shop for brand-name items, Target is stepping up their game. During the holiday season, the store offers a price match guarantee. This ensures that shoppers get the best deal possible for their purchases.
Affordable Thanksgiving Meal
In addition to discounted toys and price match guarantees, Target's affordability extends to their Thanksgiving meals. The store offers a meal, sufficient to serve four people, for just . This makes it one of the most affordable options for enjoying a festive Thanksgiving gathering.
The Economic Landscape
Brian Cornell, the store's CEO, recognizes the pressure on discretionary spending due to factors such as high inflation and burgeoning credit card debt. Furthermore, Sebastian Siemiatkowski, Klarna CEO, underlines a troubling trend of dwindling savings and rising credit card debt amongst consumers.
The average balance on credit cards in the U.S. is over ,000, marking a ten-year high. This has resulted in a significant reduction in the purchase of units across categories, including food and beverages. Consequently, shoppers are finding themselves having to curb their discretionary spending.
Ways to Save
Numerous strategies are available for those looking to save on holiday expenses. For example, you can hunt for the cheapest pumpkin pie or participate in a holiday side hustle. These small actions can lead to significant savings over the holiday season.