![Minnesota-Based Target Announces Thousands Of Products To Have Prices Slashed](https://townsquare.media/site/164/files/2024/05/attachment-GettyImages-1619326159.jpg?w=980&q=75)
Minnesota-Based Target Announces Thousands Of Products To Have Prices Slashed
Attention Target shoppers: Relief for your wallet is on the way.
Minnesota-based Target Corporation announced on Monday (May 20) that they will be cutting the prices of roughly 5,000 products across a series of categories. In a press release on the news, Target said these price reductions will be on "frequently shopped items.
The company's vice president and chief food, essentials and beauty officer said "We know consumers are feeling pressured to make the most of their budget, and Target is here to help them save more" while saying the new lower prices they are rolling out "will add up to additional big savings for the millions of consumers that shop Target each week for their everyday needs."
Categories of focus for the price cuts include in the areas like food, beverages, and household essentials like paper towels, pet food, and diapers.
READ MORE: Target Shaking Up The Retail World With A Massive New Product Line
Target says they have already implemented reduced prices on about 1,500 products, with more planned to be rolled out over the course of this summer.
The price reductions come in the wake of news that Target's sales saw their first decline in seven years in 2023.
The price cuts will reportedly come for both name-brand and store-brand products like their Good & Gather and recently unveiled Dealworthy brands.
![MIX 108 logo](https://townsquare.media/wp-content/uploads/2019/05/KBMXFM.png?w=100)
Examples Target highlights for price reductions coming to both in-store and online shopping include a 20-cent price cut for their Good & Gather unsalted butter, an 80-cent price cut for Clorox scented wipes, a 70-cent price reduction for Persil liquid laundry detergent, and a 20-cent savings on Jack's frozen pepperoni pizzas.
While a lot of those price reductions come a few cents at a time, Target feels the overall savings will be helpful for families while the company also looks to rebound from seeing their sales slide last year by encouraging more people to shop with the new reduced prices.
LOOK: These Are the 50 biggest retailers in America
Gallery Credit: Madison Troyer & Zack Abrams
More From MIX 108
![Hollywood-Style Chase Across Northern Minnesota Ends in Arrest](http://townsquare.media/site/164/files/2024/06/attachment-chase-crash.jpg?w=980&q=75)
![Hottest Artist on Billboard Charts Coming to Minnesota This Fall](http://townsquare.media/site/164/files/2024/06/attachment-GettyImages-2148477162.jpg?w=980&q=75)
![Minnesota Restaurant Closes After Racist Comments About Juneteenth](http://townsquare.media/site/164/files/2024/06/attachment-hate-fb.jpg?w=980&q=75)
![Updated Rainfall Totals From Wednesday’s Torrential Rain](http://townsquare.media/site/164/files/2024/06/attachment-RainFeature061824.jpg?w=980&q=75)
![Why Was Wrestling Legend and American Icon Hulk Hogan in Minnesota?](http://townsquare.media/site/164/files/2024/06/attachment-GettyImages-93351549.jpg?w=980&q=75)
![Minnesota Just Gave Pot Smokers a Big Legal Win](http://townsquare.media/site/164/files/2024/06/attachment-RS11963_183575355-scr.jpg?w=980&q=75)
![Minnesota Police Can’t Do This Anymore – Here’s Why](http://townsquare.media/site/164/files/2024/06/attachment-RS15572_495948590.jpg?w=980&q=75)
![What Was Robert Downey Jr. Actually Up To In Minnesota?](http://townsquare.media/site/164/files/2024/05/attachment-GettyImages-2074522809.jpg?w=980&q=75)
![Is This the End of an Era at Target? Retailer Removing Items from Store](http://townsquare.media/site/164/files/2024/04/attachment-target-stop.jpg?w=980&q=75)