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 08:37:55 source:International Insights 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
  • Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
  • Civil War viewers are left stunned by Jesse Plemons 'dead
  • Cultural tourism effort in Dongtou bears fruit
  • Shanghai Disneyland to resume operations
  • Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
  • Red Sox LF Tyler O'Neill leaves game against Guardians after collision with teammate
  • China's outbound tourism sees robust recovery during 'golden week' holiday
  • 22nd China Cultural Tourism Global Forum held in Shenzhen
Recommended content
  • Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
  • US Reps. Green and Kustoff avoid Tennessee primaries after GOP removes opponents from ballot
  • Who is the real
  • Amanda Holden puts on a VERY leggy display in a grey mini
  • With Djokovic awaiting the winner, Murray trails Hanfmann at rain
  • President Lula has set Brazil on a new diplomatic course