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Target lowers ‘thousands’ of prices
The price wars among the nation's leading retailers has taken a new turn just ahead of the critical holiday selling season. On Friday, Target revealed in a blog post on its website that it had lowered prices on "thousands" of items, from cereal and paper towels to baby formula, razors, bath tissue and more. The discounter said the move would help end shoppers' uncertainty over the timing of discounts on certain products, and make for "more consistent savings." -
NRF revises 2017 sales growth forecast
The National Retail Federation on Wednesday has lowered its annual retail sales forecast, citing government data revisions. Retail sales for 2017 are now expected to increase between 3.2% and 3.8%, down from the 3.7% - 4.2% growth the NRF predicted earlier this year. The revision comes after the Census Bureau lowered its retail sales figures, and the Bureau of Economic Analysis downgraded its personal income and consumption figures.

