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
Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
Justin Timberlake is set to bring his The Forget Tomorrow World Tour to Australia next year.Daily Ma2024-05-21Panthers have many needs entering NFL draft, but no first
CHARLOTTE, N.C. (AP) — The Carolina Panthers had the worst record in the league last season, so they2024-05-21Interfaith conference seeks to raise awareness about Uyghur genocide — Radio Free Asia
The hundreds of thousands of Uyghurs subjected by China to detention, forced labor and cultural eras2024-05-21Channel 4 axe raunchy panel show as they make way for wild boundary
Channel 4 have axed their raunchiest panel show to make way for a new dating show that is set to bre2024-05-21Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
Elon Musk’s Neuralink has been given a green light to implant its brain chip in a second patient aft2024-05-21- LOS ANGELES (AP) — The most recent time the Los Angeles Rams made a first-round pick in the NFL draf2024-05-21
atest comment