Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Target to lower prices on basic goods in response to inflation !

Target to lower prices on basic goods in response to inflation

Time:2024-05-21 15:03:15 source:Earth Explorer news portal

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 information
  • Siblings trying to make US water polo teams for Paris Olympics
  • 'It has taken us time to explain to George, Charlotte and Louis
  • Isla Phillips: The little royal and great
  • Mother, 24, outraged after learning shopping centre bathroom with baby changing facilities has CCTV
  • Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
  • How Katharine, Duchess of Kent bagged a royal prince
  • Sandringham House is filled with the spirit of the King's gentle
  • British POW who was tortured with electric shocks, beaten and starved by Putin's troops in five
Recommended content
  • Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
  • When the touchy
  • How Katharine, Duchess of Kent bagged a royal prince
  • Lady Tatiana Mountbatten
  • Six killed in a 'foiled coup' in Congo, the army says
  • A slippery, dim