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 08:56:29 source:Earthly Insights 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
  • Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
  • HKFP Lens: Hong Kong through the eyes of photojournalist Wong Kan
  • Perfect for a 'slimmed
  • Kate will 'lean on' her trusted nanny Maria Borrallo as she recovers from abdominal surgery
  • Everybody may love Raymond, but Ray Romano loves Peter Boyle
  • Kate and Charles' heart
  • RICHARD EDEN: Revealed
  • What would open warfare between Israel and Iran look like? How tit
Recommended content
  • Amtrak train hits pickup truck in upstate New York, 3 dead including child
  • Ministry of Health proposes 134 job losses
  • From deep sadness to dazzling pomp,  15 key revelations from the must
  • Why do so many leading royals
  • Why US Catholics are planning pilgrimages in communities across the nation
  • How Princess Diana's audacious bid for freedom 30 years ago became a heart