Target to lower prices on basic goods in response to inflation
Time:2024-05-21 17:36:27 Source:travelViews(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:Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
Next:College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
You may also like
- Red Lobster seeks bankruptcy protection after closing some restaurants
- A great escape! Family poodle gets trapped underneath kitchen
- The family of imprisoned Belarusian opposition figure hasn't heard from her for over 400 days
- Queen Letizia of Spain shines in a smart tweed dress as she joins King Felipe in Madrid
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- Tennessee lawmakers join movement allowing some teachers to take guns into schools
- Primary voters take down at least 2 incumbents in Pennsylvania House
- Timberwolves take 2
- Sweden beats France, Britain relegated after losing to Norway at hockey worlds