Target to lower prices on basic goods in response to inflation
Time:2024-05-21 11:02:53 Source:politicsViews(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:A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
Next:Iran helicopter crash that killed President Raisi could reverberate across the Middle East
You may also like
- Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
- Kyrou, Schenn and Walker score in 3rd period, send Blues past Kraken 4
- New building of museum at Shang Dynasty capital site to open this month
- Taylor Swift looks loved
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- Annual Easter Parade and Bonnet Festival held in New York City
- 85 ancient sites unearthed along China's Grand Canal
- Underwater dragon dance staged in China's Qingdao
- Kristin Cavallari, 37, ignores critics of her age