Target cuts prices ahead of holiday selling season
MINNEAPOLIS — rThe 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."
In line with the price cuts, Target has eliminated more than two-thirds of its price and offer call-outs. But the chain emphasized it is not ditching promotions entirely, but wants to make sure it offers only its "most compelling sales — when it makes the most sense for our guests."
“We want our guests to feel a sense of satisfaction every time they shop at Target,” Mark Tritton, Target's executive VP and chief merchandising officer said in the blog. “Part of that is removing the guesswork to ensure they feel confident they’re getting a great, low price every day. We’ve spent months looking at our entire assortment, with a focus on offering the right price every day and simplifying our marketing to make great, low prices easy to spot, all while maintaining sales we know are meaningful to guests.”
In its post, Target did not specify the percentage of the price cuts.
Study supports use of GlucoTrack, a non-invasive glucose monitoring device
WILMINGTON, Del. — Integrity Applications this week submitted data demonstrating that the performance of GlucoTrack, a non-invavisive glucose monitoring device, is comparable among patients with prediabetes, newly diagnosed type 2 diabetes and long duration of type 2 diabetes.
The study evaluated the performance of GlucoTrack, a non-invasive glucose monitoring device, and found that 100% of the measurements were in the clinically acceptable zones of the Consensus error grid.
"The finding of comparable clinical and numerical accuracies across all groups indicates that the device is suitable for people with long and short durations of type 2 diabetes as well as for people with prediabetes, signifying that many patients worldwide may benefit from GlucoTrack," stated Tamar Lin, lead research scientist at Integrity Applications. Non-invasive glucose monitoring devices for home use aim to overcome the barriers of current invasive glucose monitoring methods by offering a simple, painless and convenient means to measure glucose levels.
"GlucoTrack holds the potential to promote frequent glucose self-monitoring and thus improve glycemic control," added Eugene Naidis, VP R&D at Integrity Applications. "This may in turn reduce diabetes-related complications and in certain cases even prevent the development of diabetes in individuals with prediabetes."
Consumers in search of natural remedies, herbal supplement sales up 7.7%
AUSTIN, Texas — Consumers in the United States spent an estimated 7.7% more on herbal dietary supplements in 2016 than in the previous year, according to the recently published HerbalGram Herb Market Report for 2016.
The report, which appears in the American Botanical Council’s quarterly, peer-reviewed journal HerbalGram, shows strong, continued growth for these products, with total U.S. retail sales surpassing $7 billion for the first time, reaching a total of almost $7.5 billion in 2016.
“This report documents the consistent growth of consumer demand for natural remedies, as evidenced by the increased sales of herbal dietary supplements,” stated Mark Blumenthal, executive director of ABC. “This is indicative of a well-demonstrated, long-term trend toward natural medicine and consumers’ interest in taking responsibility for their own health via the responsible use of herbal medicine as an integral part of self-care.”
Herbal supplement sales in mainstream U.S. retail outlets in 2016 totaled approximately $943.9 million, according to SPINS and IRI. Nutrition Business Journal, which includes different sources in its dataset, determined a higher total of $1.3 billion in mainstream sales for 2016.
Horehound, an herb commonly found in natural cough drops and lozenges, ranked first in total mainstream U.S. retail sales for the fourth consecutive year. Wheatgrass and barley in combination experienced the strongest mainstream sales growth in 2016, with a 131.9% increase in sales from the previous year.
ABC’s annual market report for herbal supplement sales is based on U.S. retail sales data from market research firms SPINS and IRI, as well as Nutrition Business Journal. The report covers only retail sales of herbal dietary supplements and does not reflect the sales of most herbal teas, botanical ingredients used in cosmetics, or government-approved herbal drug ingredients in over-the-counter medicines.