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 06:53:38 source:Culture Channel 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
  • Lynn Williams breaks NWSL goal
  • China to enhance employment services for veterans
  • China urges U.S., Japan, Philippines to stop undermining regional peace, stability
  • Bahraini marathon runner Kimutai suspended three years for doping
  • Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
  • CPPCC member advocates for legislation on AI law
  • China's State Council to revise, repeal administrative regulations
  • Chinese border region not affected by radiation source in Russian city: Authorities
Recommended content
  • A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
  • Türkiye's opposition takes election lead in key cities
  • Ukrainian special services involved in concert hall terror attack: FSB chief
  • China releases ecological protection compensation regulations
  • Russian theater director and playwright go on trial over a play authorities say justifies terrorism
  • China's anti