Shoppers carry shopping bags at a Target store. David Paul Morris/BloombergGetty Images New York —

Two of America’s most embattled retail chains are working together to drum up some excitement from customers this holiday season. They sure could use it.

Beginning Monday, a Frozen Peppermint Hot Chocolate drink will be available exclusively at Starbucks cafés inside Target stores. The vast majority of Target’s 2,000 locations include a Starbucks, but this marks the first-ever drink collaboration between the two companies.

Retailers have been under immense pressure this year as inflation and tariffs drive consumer sentiment near record lows . A number of consumer brands said on their quarterly earnings calls with Wall Street analysts that low-income consumers in particular are gro

See Full Page