Target (TGT) is ending its price-matching policy, which allowed shoppers who could prove that they found a lower price for an item, next week, The New York Times’ Aimee Ortiz reports. Starting July 28, shoppers will not be allowed to buy such items at the lower price, a Target representative said in a statement, adding that the only price matching that will be permitted will be if a cheaper price is found on the Target website or in one of its stores. The statement said that Target’s customers are more likely to receive a price match on items sold at different prices by Target than they are on items sold by other retailers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TGT:
- Cautious Hold Rating on Target Amid Mixed Performance Indicators and Adjusted Earnings Guidance
- “Can Anyone Thrive When the Shopper Won’t Save Them?”: Target Stock (NYSE:TGT) Slips as Price Matching Stops
- Walmart Stock (WMT) Switches on as Vizio TVs Set to Grab Holiday Season Share
- Verizon reports Q2 beat, Block to join S&P 500: Morning Buzz
- Target downgraded, Dollar Tree upgraded: Wall Street’s top analyst calls