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
Devout Christian doctor, 68, who punched dementia
An 'arrogant' doctor who punched a vulnerable patient for making a racist comment and spitting at hi2024-05-21Chinese President Appoints New Ambassadors
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21EU unveils 'remedy' for migrants
Migrants embark on a ferry in Lampedusa Island, Italy, on Sunday. About 11,000 irregular migrants ar2024-05-21Hybrid rice aids global food security
A farmer walks with harvested spikes of rice in the paddy field on April 26. GU PENGBO/ZHOU YUEGUI/F2024-05-21Strictly star Giovanni Pernice's former partner Rose Ayling
Giovanni Pernice has been dealt a fresh blow after friend and former Strictly dance partner Rose Ayl2024-05-21Mexico formally denounces Ecuador to ICJ for embassy raid
MEXICO CITY, April 11 (Xinhua) -- The Mexican government formally denounced Ecuador's government to2024-05-21
atest comment