Target makes massive bet in key area
The company is going all-in at a time when it needs a lifeline.
Consumers are having an increasingly difficult time making ends meet as rampant inflation refuses to cool.
In January, the broad Consumer Price Index was up 3% on an annual basis. Shelter and food were big drivers of that increase, rising 4.4% and 2.5%, respectively. Within the food category, grocery prices increased 1.9% year over year while restaurant prices rose 3.4%.
