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 13:44:59 source:Global Genesis 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
  • Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
  • Star guard Kadary Richmond transfers to St. John's from Big East rival Seton Hall
  • Living literally on the edge! Drone footage shows 18th century three
  • 3 arrested in NYC after driver strikes pro
  • Candice Swanepoel stuns in a form
  • Mother of Australian surfers killed in Mexico gives moving tribute to sons
  • Joe Collier, former Bills head coach, dies at 91
  • Kenvue, Crocs rise; Disney, Teradata fall, Tuesday, 5/7/2024
Recommended content
  • Biden says Brown v. Board of Education ruling was about more than education
  • Unexpected Michigan Senate race could determine control of the chamber
  • Rishi Sunak admits he must prove to voters his plan is 'making a difference'
  • How major US stock indexes fared Tuesday, 5/7/2024
  • Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
  • WNBA to begin full