Food Shoppers Trade Down at Target

Target Corp. said last week it is boosting its focus on frequency-driving categories like food, pharmacy and commodities as consumers reduce spending on more discretionary categories. We'd love nothing better than to have the inflationary pressures go away, Gregg Steinhafel, president and chief executive officer, told industry analysts during a conference call to discuss financial results

MINNEAPOLIS — Target Corp. said last week it is boosting its focus on frequency-driving categories like food, pharmacy and commodities as consumers reduce spending on more discretionary categories.

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