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:
Related suggestion:
Christopher Luxon, Anthony Albanese to discuss defence and security at first official meetingKenneth Eugene Smith: Alabama carries out first US nitrogen gas executionHamas weighs ceasefire proposalWith feasts and patrols, China tries to keep Uyghurs from fasting — Radio Free AsiaWastewater testing reveals alcohol consumption higher in smaller townsWatch: Auckland paddleboarder 'buzzing' over interaction with orca whalesGreek vessel hit by missile in Red Sea attackNine apologises for using digitally altered image of Animal Justice Party MP Georgie PurcellSwedish alarm after defence chiefs' war warningCould the genocide case against Israel at the UN's top court have an impact on the war in Gaza?
2.9252s , 6505.390625 kb
Copyright © 2024 Powered by Target to lower prices on basic goods in response to inflation ,World Web news portal