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 articles:
Related suggestion:
Man City hit top spot with emphatic win at FulhamChinese sciPremier League title race heading to the wireMeghan Markle channels her late motherChina, Vietnam crossBritish 'drinkChina enjoys clean sweep at WTT Saudi SmashMariners get fine start from Luis Castillo, use late charge to rally past Orioles 4Congolese army says it has foiled a coup. SelfColorful Guizhou wind blows to Paris
2.0908s , 5260.6875 kb
Copyright © 2024 Powered by Target to lower prices on basic goods in response to inflation ,Culture Channel news portal