MINNEAPOLIS — Target has announced new price cuts on thousands of products this month to help families stretch their budgets through the holiday season, according to a Tuesday news release.

The Minneapolis-based retailer said it is lowering prices on 3,000 food, beverage and household essential items, from pantry staples to baby products, to make everyday shopping more affordable. The move comes as consumers navigate higher costs on groceries and Target makes changes to improve its in-store experience and reverse a recent sales slump .

Target officials said it's bringing back its annual Thanksgiving meal, offering a complete holiday dinner for " less than $5 per person ." The meal features quality ingredients and trusted brands, according to the company.

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