Target to lower prices on basic goods in response to inflation
Time:2024-05-21 15:26:41 Source:styleViews(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:The government wants to buy their flood
Next:Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
You may also like
- Siblings trying to make US water polo teams for Paris Olympics
- Families with TWO retired generations will surge to one million in a decade
- US pledges money and other aid to help track and contain bird flu on dairy farms
- Suspected pirate attack in the Gulf of Aden raises concerns about growing Somali piracy
- Mohammad Mokhber: Who is Iran’s acting president?
- Ireland beat Pakistan in a T20 for the first time
- 'He was obsessed with ME...I've been in a relationship for five years': Real
- Strong rebound to British economy ends 'technical recession'
- The fightback begins: Boss of London's Queen Mary University tells pro