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 14:01:21 source:Stellar Scope 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
  • Georgia Republicans choose Amy Kremer, organizer of pro
  • California moves closer to requiring new pollutant
  • Meghan Markle's wardrobe during three
  • Nevada Supreme Court rejects teachers union
  • Lynn Williams breaks NWSL goal
  • Meghan Markle's wardrobe during three
  • GOP attorneys general sue Biden administration and California over rules on gas
  • Feds accuse Rhode Island of warehousing kids with mental health, developmental disabilities
Recommended content
  • Kristin Cavallari, 37, ignores critics of her age
  • Feds accuse Rhode Island of warehousing kids with mental health, developmental disabilities
  • Doomsday prepper reveals what it is really like to live off
  • Kylie Jenner wows in curve
  • Yvette Fielding says her Most Haunted co
  • Stock market today: Asian shares mixed in muted trading after Wall Street barely budges