Target to lower prices on basic goods in response to inflation
Time:2024-05-21 16:25:34 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:Shooting injures 2 at Missouri high school graduation ceremony
Next:Georgia Republicans choose Amy Kremer, organizer of pro
You may also like
- US overdose deaths dropped in 2023, the first time since 2018
- Forest loses appeal against 4
- Arrested US soldier awaiting hearing in Russia on theft charges
- Sparks move home game against Caitlin Clark and Indiana from Long Beach to downtown Los Angeles
- Yvette Fielding says her Most Haunted co
- CFL's Chad Kelly suspended at least 9 games after investigation into ex
- A doctor whose views on COVID
- Stars quickly go from tight series over reigning Cup champ to big
- Ship that caused Baltimore bridge collapse has been refloated