Target to lower prices on basic goods in response to inflation
Time:2024-05-21 18:30:34 Source:politicsViews(143)
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.
Previous:Tom Brady and Jay
Next:Children are evacuated from school 'during an exam' after threat made via email
You may also like
- Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
- Southwest Airlines is considering changes to its quirky boarding and seating practices
- Pregnant Megan McKenna puts her luxury three
- BORIS JOHNSON: Come on London! Time to kick out high
- Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
- Emily In Paris star Lily Collins shares behind the scenes pictures from the make
- Luton loses at Wolves in another blow to survival bid in EPL
- Channel 4 is set to make major change to Gogglebox 11 years after the show began
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk