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 15:37:27 source:Global Gathering 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
  • Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
  • Highlights of team competitions of 2022 Chinese National Table Tennis Championships
  • Xi Arrives in South Africa for 15th BRICS Summit, State Visit
  • Daihatsu suspends vehicle shipment over safety scandal
  • Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
  • Team China makes flying start at Sudirman Cup
  • Greece hands over Olympic Flame to Beijing 2022 organizers
  • China Focus: China embraces wider winter sports, leisure participation
Recommended content
  • Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
  • Xi Says China
  • NPPA says it approves 105 home
  • Highlights of 2022 Asian Open Figure Skating Trophy
  • Analysis: Larson enters conversation with Verstappen as best drivers in the world
  • Beijing 2022 innovates green standard for snow venues