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
- Cancer-stricken King Charles will be feeling fresh heartache after a former IRA commander confessed2024-05-21
Lala Kent pens a heartfelt tribute to her father on the sixth anniversary of his tragic passing
Lala Kent took her her Instagram story Sunday evening as she penned a heartfelt tribute to her late2024-05-21- Camila Cabello blended in with the crowd at Coachella as she took in day two of the second weekend o2024-05-21
Bayer CEO optimistic about expanding Chinese market
SHANGHAI, April 21 (Xinhua) -- Bill Anderson, CEO of Bayer AG, emphasized China's important role as2024-05-21Bella Hadid goes braless in a thigh
She is one of America's most recognisable fashion models.And Bella Hadid continued to show why she i2024-05-21Abbey Clancy screams with embarrassment as she's teased over her music career with throwback song
Abbey Clancy screamed with embarrassment when she was teased over her music career during an appeara2024-05-21
atest comment