Target to lower prices on basic goods in response to inflation
Time:2024-05-21 10:39:51 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:Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
Next:Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
You may also like
- Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
- Truancy: Why it matters, what the law says and what is being done about it
- Auckland woman's breath
- Mediaworks data breach: Hackers email victims, demanding $820
- Nuggets blow 20
- War a real threat and Europe not ready, warns Poland's PM
- Israeli hostages' relatives arrested at protest as Gaza talks break down
- Port Hills: Fire crews sent to investigate after reports of smoke
- What's next for Iran after death of its president in crash?