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
Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
Jessica Biel unveiled a dramatic hair transformation - from chest-length locks to a short bob - on S2024-05-21China's rural vitalization breathes new life into agriculture, villages
Aerial photo taken on May 24, 2022 shows farmers harvesting wheat in the fields in Xiapo Village of2024-05-21Abortion: Progressive candidates share their stories after Roe's fall
NASHVILLE, Tenn. (AP) — For decades, only three people knew Gloria Johnson had had an abortion.But a2024-05-21- By Liu Rui (Global Times) 09:36, June 14, 2023Illustration: Liu Rui/GT2024-05-21
What's next for Iran after death of its president in crash?
JERUSALEM (AP) — The death of Iran’s president is unlikely to lead to any immediate changes in Iran’2024-05-21Xi inspects Changde in central China's Hunan Province
(Xinhua) 08:07, March 20, 2024Chinese President Xi Jinping, also general secretary of the Communist2024-05-21
atest comment