Target Announces It Will Slash Prices on Thousands of Items, Sending Shares Tumbling - NBC Chicago
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Target Announces It Will Slash Prices on Thousands of Items, Sending Shares Tumbling

The price cuts will be on items including cereal, paper towels and baby formula

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    Target Announces It Will Slash Prices on Thousands of Items, Sending Shares Tumbling
    Scott Olson / Getty Images

    Target shares dropped after the retailer posted a blog on Friday about lowering prices on thousands of items, CNBC reported.

    The price cuts will be on items including cereal, paper towels, baby formula, razors and bath tissue, Target said. And the news comes just days after Amazon started cutting prices at Whole Foods' stores across America.

    Target shares were trading around 3 percent lower Friday afternoon on the news.

    "We want our guests to feel a sense of satisfaction every time they shop at Target," Mark Tritton, Target's chief merchandising officer, said in a statement.

    DHS Secretary Defends Practice of Separating Families at Border

    [NATL] DHS Secretary Defends Practice of Separating Families at Border

    Homeland Security Secretary Kirstjen Nielsen defended the practice of separating families at the U.S.-Mexico border, saying that her department is merely following laws. Speaking at a White House briefing Monday, Nielsen said the issue has been growing for years, the product of loopholes that have created an open border.

    (Published Monday, June 18, 2018)