Grateful for the opportunity to share my take on Target's holiday price reductions and ongoing price war with Walmart with The Minnesota Star Tribune's Brooks Johnson. "Toopan Bagchi, Managing Director of Twin Cities retail consultancy Starship Advisors, said the cuts are ‘key to Target’s strategy to recapture cost-conscious consumers who drifted away to Walmart and discount retailers like Aldi due to inflation and economic uncertainty.’ ‘Permanent or semi-permanent changes — ‘rollbacks’ in Walmart-speak — are meant to re-establish price leadership or value perception’, Bagchi said.” If you’re a competing retailer or Target supplier, how are you responding??If you need help navigating, drop a comment, message, or email at [email protected]. More importantly, with prices dropping on the LEGO Technic Ford GT, Bluey Fire Truck, and Magic Bullet Personal Blender, what are you throwing in the cart on your next Target run? Read the article for insights from the inimitable Chris Walton and others. #retail #consumergoods #pricing #strategy
Very interesting observations Toopan Bagchi [too pahn]. I read the article
Co-CEO Omni Talk | Top 100 Retail Influencer | Senior Contributor Forbes | Podcast Host | Former VP Target Store of the Future
4 个月Never been called “inimitable” before :) Hope you are well!