Target to lower prices on basic goods in response to inflation
Time:2024-05-21 17:01:18 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:French sports minister calls for sanctions after Monaco player tapes over anti
Next:Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
You may also like
- Sweden beats France, Britain relegated after losing to Norway at hockey worlds
- Reigning champions Liaoning on verge of playoff exit
- Connecticut House passes plan to spend remaining COVID funds, forgoing changes to state budget
- 3 arrested in NYC after driver strikes pro
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash
- Shanghai rout Zhejiang as unbeaten run reaches 10
- Preakness status of Kentucky Derby winner Mystik Dan remains unclear
- Official resigns after guilty plea to drug conspiracy in Mississippi and North Carolina vape shops
- Analysis: Larson enters conversation with Verstappen as best drivers in the world