Target to lower prices on basic goods in response to inflation
Time:2024-05-21 15:32:13 Source:opinionsViews(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:Mystery artist who erected signs comparing pothole
Next:Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
You may also like
- Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
- Sal Frelick shines at the plate and in the field as Brewers beat Pirates 4
- Penny Hardaway's son Ashton transfers from Memphis to Saint Mary's
- Judge tosses Republican lawsuit that sought to declare Arizona’s elections manual invalid
- Siblings trying to make US water polo teams for Paris Olympics
- Astros starter Ronel Blanco ejected in the fourth inning after a foreign substance check
- Susanna Tapani scores her second OT winner of the series to help Boston advance to the PWHL finals
- Prince Harry and Meghan Markle land back in LA at end of 'semi
- Company wins court ruling to continue development of Michigan factory serving EV industry