Target to lower prices on basic goods in response to inflation
Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inflation cuts into household budgets and more Americans pay closer attention to their spending.
The price cuts, already applied to 1,500 items, will eventually include 5,000 food, drink and essential household goods. Target and other retailers are increasingly catering to customers who are struggling with higher prices for groceries, though inflation has begun to cool. Many of them have switched to private label brands sold by Target and others big retailers, which are typically less expensive than well-known brands.
Target launched one such collection in January called Dealworthy which includes nearly 400 basic items, ranging from clothing to electronics, that can cost less than $1, with most items under $10.
Last week, McDonald’s said that it was planning to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customer frustration with higher prices. Walmart posted strong quarterly sales last week driven by a influx of customers, including households with incomes of more than $100,000, looking for bargains.
Related articles
Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
NEW YORK (AP) — Tyler Adams, Gio Reyna, Matt Turner and Tim Ream will be given the three weeks ahead2024-05-21Explainer: How Is China's Vision of Building a Community with a Shared Future for Mankind Viewed?
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Nation eyes record year for vehicle sales
New energy vehicles roll off the assembly line of a carmaker in Jinhua, Zhejiang province. [HU XIAOF2024-05-21Trump's historic hush money trial begins with jury selection
NEW YORK (AP) — In a singular moment for American history, the hush money trial of former President2024-05-21Company wins court ruling to continue development of Michigan factory serving EV industry
GREEN TOWNSHIP, Mich. (AP) — A judge has ordered a Michigan community to stop blocking efforts to br2024-05-21Children visited Xiamen Science and Technology Museum during winter vacation
Beijing, February2 (Youth.cn) -On February 1st, 2024, in Xiamen, children weretaking advantage of th2024-05-21
atest comment