On October 5, Target fell 3.02% in regular trading after announcing price reductions of 15%-20% on nearly 2,000 home, apparel and accessory products as part of its ongoing transformation strategy.

While previous price cuts helped drive sales recovery, the company acknowledged challenges remain in the home and apparel segments. The hypermarket sector also declined broadly: Wal-Mart down 0.22%, Costco down 0.29%, Dollar Tree down 0.43%, Dollar General down 0.59% and BJ's Wholesale Club down 0.82%.

Target Corporation operates a general merchandise retailer in the United States offering apparel, beauty essentials, groceries and electronics through stores and digital channels.

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