Target to match key rivals' online prices year-round
Target said Tuesday it will match on a year-round basis the prices found on the websites of major rivals Amazon.com, Best Buy, Wal-Mart and Toys 'R' Us, its latest tactic to hold onto shoppers focused on price.
The move extends an online price-matching program that Target introduced over the holiday season and that was supposed to last only from Nov. 1 to Dec. 16.
It also comes after Target last week reported flat sales growth in December at stores open at least a year.
While shopping online has grown rapidly in recent years, it still represents a small fraction of overall shopping in the United States.
Target said that throughout the year it will match the price when a customer buys an eligible item at one of its stores and finds the same item at a lower price in the following week's Target circular or in a local competitor's printed ad.