Target to lower prices on basic goods in response to inflation
Time:2024-05-21 16:52:07 Source:entertainmentViews(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:Ship that caused Baltimore bridge collapse has been refloated
Next:A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
You may also like
- Sweden beats France, Britain relegated after losing to Norway at hockey worlds
- Royal Challengers Bengaluru beat Gujarat Titans to stay alive in IPL
- A look back at all the times Margot Robbie has served as a bridesmaid
- Yankees ace Gerrit Cole throws 15 fastballs in first bullpen session since injuring elbow
- Amtrak train hits pickup truck in upstate New York, 3 dead including child
- Kaia Gerber flashes a hint of her taut tummy in a T
- How major US stock indexes fared Friday, 5/3/2024
- A Chinese driver is praised for helping reduce casualties in a highway collapse that killed 48
- Siblings trying to make US water polo teams for Paris Olympics