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
Investigators return to Long Island home of Gilgo Beach serial killing suspect
MASSAPEQUA PARK, N.Y. (AP) — Investigators returned Monday to the home of a New York architect charg2024-05-21- Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
Shen Yueyue Stresses Fostering Virtue Through Education, Making More Contributions to Nurturing All
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Chinese scientists use machine learning for precise Antarctic sea ice prediction
BEIJING, March 26 (Xinhua) -- Chinese scientists made accurate predictions regarding Antarctic sea i2024-05-21- DENVER (AP) — The Denver Nuggets couldn’t quiet an epic second-half comeback by Minnesota or the noi2024-05-21
Shen Yueyue Stresses Uniting and Guiding Women to Strive for a New Life
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment