Target ends longtime price-matching policy
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Zacks Investment Research on MSNTarget Corporation (TGT) is Attracting Investor Attention: Here is What You Should KnowTarget (TGT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this retailer have returned +6.
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Shares of Target Corp. TGT shed 1.69% to $101.71 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.14% to 6,305.60 and the Dow Jones Industrial Average DJIA falling 0.04% to 44,323.07.
Target is ending price matching of products sold for less at its competitors' stores and websites. For 12 years, Target customers who found a product that was sold for less on Amazon or Walmart's websites could request to buy the same product that was sold at a Target store at the lower price.
As part of a plan to open new locations, Target is launching the stores this year while investing in supply chains and new initiatives.
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