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 08:22:11 source:Cultural Compass 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
  • Shooting injures 2 at Missouri high school graduation ceremony
  • New Yorker gives hilarious reaction to being underwhelmed by solar eclipse
  • Struggling Chinese developer Evergrande warns it could run out of money
  • Hundreds fined, cars impounded at weekend street race meet
  • Yu Darvish extends scoreless innings streak to 25 in Padres' 9
  • UFO spotted shooting through clouds over Texas during the solar eclipse... do YOU know what it is?
  • How I kept my Easter under £10 by buying no eggs and using year
  • Last month was officially the hottest March on RECORD with global temperatures 0.73°C above average
Recommended content
  • Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
  • UFO spotted shooting through clouds over Texas during the solar eclipse... do YOU know what it is?
  • UFO spotted shooting through clouds over Texas during the solar eclipse... do YOU know what it is?
  • Outrage as Tesla starts shipping $3,000 Cybertruck tent that looks nothing like as advertised
  • Tom Brady and Jay
  • What REALLY happened the night of OJ Simpson and Kris Jenner allegedly hooked up in the hot tub