Target to lower prices on basic goods in response to inflation
Time:2024-05-21 14:01:02 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:Kristin Cavallari, 37, ignores critics of her age
Next:Shooting injures 2 at Missouri high school graduation ceremony
You may also like
- Yvette Fielding says her Most Haunted co
- Xi uses metaphor to stress rarity of ceramics
- How Take That's Gary Barlow, Mark Owen and Howard Donald have evolved from baby
- Leaders highlight goals, tasks in talks
- Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
- Xi's important speech infuses Hong Kong's development with strong confidence
- Leaders highlight goals, tasks in talks
- Rebirth of a once
- NBA playoffs: Edwards leads Wolves to 98