Target to lower prices on basic goods in response to inflation
Time:2024-05-21 06:46:36 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:Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
Next:Company wins court ruling to continue development of Michigan factory serving EV industry
You may also like
- Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
- Primary school teacher who was sacked by school for teaching nine
- Dalai Lama’s sister receives award for educating Tibetans in exile — Radio Free Asia
- The EPA is again allowing summer sales of higher ethanol gasoline blend, citing global conflicts
- Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
- Miles Russell is 15. He sets Korn Ferry Tour record as the youngest player to make the cut
- Rangers option rookie Jack Leiter 1 day after he allowed 7 runs in his major league debut
- WNBA moving date of its preseason game in Canada to avoid potential conflict with NHL playoffs
- What's next for Iran after death of its president in crash?