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 17:29:39 source:Stellar Space 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
  • Cruise worker 'murders newborn son on board ship': Shocked co
  • Pema Tseden's posthumous film 'Snow Leopard' shines with spiritual depth
  • Beijing Ready for 2022 Winter Olympics
  • China Commends Outstanding Grass
  • Kristin Cavallari, 37, ignores critics of her age
  • Highlights of WTT Champions Frankfurt 2023
  • People Eat Laba Porridge to Greet Laba Festival
  • China to Further Open up High
Recommended content
  • Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
  • China's Woman Astronaut Sends Int'l Women's Day Greetings from Space
  • China Records 130 Mln Passenger Trips in Spring Festival Holiday
  • Zero Tolerance for Sexual Assault Against Minors: Top Procuratorate
  • Baby Reindeer's real
  • China to Step up Myopia Monitoring Among Youngsters