Target to lower prices on basic goods in response to inflation
Time:2024-05-21 18:41:39 Source:worldViews(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:Strictly star Giovanni Pernice's former partner Rose Ayling
Next:'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
You may also like
- Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
- Aboriginal spears taken by Captain Cook in 1770 are returned to Australia's Indigenous people
- NASA finds new mutant bacteria in SPACE
- Milwaukee man charged in dismemberment death pleads not guilty
- Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
- GloRilla hits back at NBA star Damian Lillard's estranged wife who trolled her for DUI arrest
- Police clear out a migrant camp in central Paris. Activists say it's a pre
- Ncuti Gatwa looks dapper in blue pinstripe suit as he films Doctor Who with co
- Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky