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What’s happening with Walmart and Target Corp stocks on Tuesday?

What’s happening with Walmart and Target Corp stocks on Tuesday?

What’s happening with Walmart and Target Corp stocks on Tuesday?

Walmart Inc. (NYSE: WMT) and Target Corp. (NYSE:TGT) shares are trading lower Tuesday after announcing their respective summer sales to compete with Amazon.Com Inc. (NASDAQ:AMZN).

Walmart is launching its biggest savings event, “Walmart Deals,” from Monday, July 8 to July 11. Customers can shop thousands of deals on popular items including electronics, home goods, toys and travel essentials, perfect for the background. school season.

Walmart+ members will receive early access to the season’s best deals five hours before the event opens to all shoppers. The savings event will be accessible on Walmart’s website and app.

Read also: Amazon strengthens its main advantages with Grubhub partnership and targets Walmart

The event follows Walmart+ Week, which ended on June 23.

Additionally, Target announced the return of its largest sales event, Target Circle Week, July 7-13. The event will offer exclusive savings on summer and back-to-school essentials, as well as discounts for members of Target Circle, the retailer’s free program. Loyalty program.

Target Circle Week will feature personalized bonuses and deep discounts on the best summer items, plus early savings on back-to-school and college essentials.

The retailer recently announced price reductions on approximately 1,500 frequently purchased items across various categories, and plans to lower prices on approximately 3,500 additional items throughout the summer.

Interestingly, Amazon has scheduled this year’s Prime Day event for July 16-17. Prime members will have access to millions of exclusive offers. The stock is trading higher on Tuesday.

Covering more than 35 categories, such as electronics, kitchen, beauty and clothing, Prime members can also request invitations to access invite-only deals that are expected to sell out. Megan Thee Stallion will kick off the event by announcing the dates in her latest music video and song, “It’s Prime Day.” Members can shop their favorite picks on Prime Day.

Price Actions: WMT shares were down 2.34% at $67.29 at last check Tuesday. TGT is down 1.83% at $146.96.

Read also: Amazon aims to outdo Walmart’s retail game, boosts cashierless technology in stores

Disclaimer: This content was partially produced using AI tools and was reviewed and published by Benzinga editors.

Image: Unsplash/Rupixen.com

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This article What’s Happening With Walmart and Target Corp Stocks Tuesday? originally appeared on Benzinga.com

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