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 08:23:13 source:Worldly Wonders 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
  • Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
  • North West joins starry concert event of 'The Lion King' at Hollywood Bowl
  • Sabrina Carpenter shows off her toned frame in sizzling new campaign for Marc Jacobs
  • Turnbull scores twice as Toronto cruises past Minnesota 4
  • Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
  • Sydney Sweeney will play history
  • Maya Rudolph teases her return to SNL in new promo featuring her hiding in a closet
  • Cheryl Fergison's toyboy husband Yassine Al
Recommended content
  • Brazil replaces injured goalkeeper Ederson in Copa America squad
  • Seeds from China's space station applied in breeding experiments
  • British government tries to head off the type of unrest seen on American campuses
  • Election 2024: Trump's youngest son picked as Florida delegate to RNC
  • Children are evacuated from school 'during an exam' after threat made via email
  • What will Utah's NHL team be called? Here are 20 options