Target to lower prices on basic goods in response to inflation
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.
Related articles
- LOS ANGELES (AP) — Shohei Ohtani’s first walk-off hit for the Los Angeles Dodgers was also his first2024-05-21
View of Shuangjiang ancient town in Chongqing
Kids have fun at Shuangjiang ancient town in Tongnan District of southwest China's Chongqing, March2024-05-21Migratory birds seen at Lake Balikun in China's Xinjiang
Migratory birds are seen at Lake Balikun in Balikun Kazak Autonomous County, northwest China's Xinji2024-05-21Palace Museum announces gradual reopening plan
People visit the Palace Museum, Beijing, July 21, 2020.With Beijing lowering its public health emer2024-05-21What a blast to work at NASA. Space agency is sky
WASHINGTON (AP) — Exploring the cosmos makes for happy employees, federal workers like to work from2024-05-21Xi Congratulates Chuppu on Assuming Bangladeshi Presidency
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment