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 09:41:14 source:Planet Pulse 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
  • Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
  • Forget the city centre
  • I'm a recruitment expert
  • HKFP Lens: Hong Kong press group announces winners of annual news photo contest
  • Biden says Brown v. Board of Education ruling was about more than education
  • Will the high
  • Top scientist warns AI could surpass human intelligence by 2027
  • Blooming wonderful: Britain's best springtime escapes, from award
Recommended content
  • Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
  • 'Sorry, you can't board, off you pop': Traveller reveals how he was caught out by a post
  • You're sure of a warm welcome along the awe
  • I've been hit with 40 driving penalties in London
  • Four people killed in a house explosion in southwestern Missouri
  • From caves to lagoons and lost