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 08:58:54 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
  • NBA playoffs: Edwards leads Wolves to 98
  • VOX POPULI: Some celebrate while others ponder time and space on leap day
  • Alarm over 'strange' illness that has killed four and sickened dozens more in Nigeria
  • China's 'core socialist values' daubed on a London wall inspire war of words
  • Student fatally shot, suspect detained at Georgia's Kennesaw State University
  • VOX POPULI: The power of old photos and a deficit
  • Man almost loses leg to sepsis after cut to back of head with barber’s clippers
  • VOX POPULI: Some celebrate while others ponder time and space on leap day
Recommended content
  • Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
  • Education Ministry workers on tenterhooks awaiting job cuts news
  • VOX POPULI: LDP lawmakers’ remarks about political funds create a paradox
  • ASEAN summit: Myanmar community asks Parliament to block junta representatives
  • ‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
  • Clarifications and corrections