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 10:32:06 source:Culture Circuit 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
  • Biden says Brown v. Board of Education ruling was about more than education
  • Alvarez and Singleton hit long homers in the 1st inning to help Astros avoid being swept by Yankees
  • PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash
  • AP Week in Pictures: North America
  • Who is Jacob Zuma, the former South African president disqualified from next week's election?
  • Marcus Armstrong pays tribute to cancer patients with special paint job for Indy Grand Prix
  • Victoria Beckham shows off her chiselled face and flawless skin as she shares her trusty make
  • Harris congratulates HBCU graduates in video message for graduation season
Recommended content
  • Kristin Cavallari, 37, ignores critics of her age
  • Airbnb, Topgolf Callaway fall; AppLovin, Cheesecake Factory rise, Thursday, 5/9/2024
  • Closing prices for crude oil, gold and other commodities
  • 1 lawmaker stops South Carolina health care consolidation bill that had overwhelming support
  • Georgia Republicans choose Amy Kremer, organizer of pro
  • Israeli army carries out airstrikes on eastern Rafah