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:
Third temporary channel opens for vessels to Baltimore port after bridge collapseLive video of man setting himself on fire outside court challenges news organizationsBurnley routs Sheffield United to boost survival chances. Luton sunk by BrentfordSouth Dakota man sentenced to nearly 90 years in prison for his baby son's 2021 deathIndonesian police arrest 8 suspected militants, part of a banned extremist group with alNATO secretaryNorth Carolina's Harrison Ingram opts to enter the NBA draftCanucks know the Preds in the NHL playoffs not who they swept during seasonRuud reaches his fourth final of the year in BarcelonaFormer Auburn point guard Aden Holloway plans transfer to rival Alabama
2.5916s , 6497.578125 kb
Copyright © 2024 Powered by Target to lower prices on basic goods in response to inflation ,Global Grandstand news portal