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
A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
CLAIM: The International Criminal Court issued an arrest warrant for Israeli Prime Minister Benjamin2024-05-21Police to review claims Tory MP Mark Menzies allegedly misused £14,000 of party funds
Lancashire Police have said they will review claims that Tory MP Mark Menzies allegedly misused thou2024-05-21Morgan Wallen says he's 'not proud' of behavior after arrest
NASHVILLE, Tenn. (AP) — Country music star Morgan Wallen, who faces charges stemming in part from ac2024-05-21Remember me? Original Real Housewives of Orange County star Jo De La Rosa returns to the show
The Real Housewives of Orange County is getting another blast from the past with the return of origi2024-05-21Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
PHOENIX (AP) — The nonpartisan Commission on Presidential Debates, which has planned presidential fa2024-05-21Pakistani province issues flood alert and warns of heavy loss of life due to glacial melting
PESHAWAR, Pakistan (AP) — A Pakistani province has issued a flood alert due to glacial melting and w2024-05-21
atest comment