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
Bella Hadid goes braless in a thigh
She is one of America's most recognisable fashion models.And Bella Hadid continued to show why she i2024-05-21The chemicals in your garage that may raise risk of incurable muscle
Chemicals in your garage may raise your risk of the muscle-wasting condition that killed Stephen Haw2024-05-21Tom Hollander reveals how he considered letting himself go to become a 'fat actor' to get work
He's one of the busiest actors in television.But Tom Hollander once had a different plan to reach su2024-05-21Senate to convene Mayorkas impeachment trial as Democrats plot quick dismissal
WASHINGTON (AP) — Senate Democrats could end the impeachment trial of Homeland Security Secretary Al2024-05-21Candice Swanepoel stuns in a form
Candice Swanepoel looked incredible as she arrived at the 77th annual Cannes Film Festival premiere2024-05-21The United States and China are expected to win the most medals at the Paris Olympics
The United States and China are expected to finish 1-2 in the gold and the overall medal counts at t2024-05-21
atest comment