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
Brazil replaces injured goalkeeper Ederson in Copa America squad
RIO DE JANEIRO (AP) — Brazil coach Dorival Júnior has replaced injured goalkeeper Ederson with Sao P2024-05-21Biden administration tightens rules for obtaining medical records related to abortion
WASHINGTON (AP) — The medical records of women will be shielded from criminal investigations if they2024-05-21Smuggling of used cars into North Korea rises amid post
A recent surge in demand for used cars in North Korea has triggered an increase in car smuggling fro2024-05-21KC Current owners announce plans for stadium district along the Kansas City riverfront
KANSAS CITY, Mo. (AP) — The ownership group of the Kansas City Current announced plans Monday for th2024-05-21Cruise worker 'murders newborn son on board ship': Shocked co
A cruise worker on board an Italian ship 'murdered her newborn son' as horrified co-workers raised t2024-05-21Arizona judge declares mistrial in the case of a rancher accused of fatally shooting a migrant
PHOENIX (AP) — An Arizona judge declares a mistrial Monday in the case of a rancher accused of fatal2024-05-21
atest comment