Target to lower prices on basic goods in response to inflation
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
Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
A burglar hurled stolen mobile phones at police officers from the top of a roof during a nine-hour s2024-05-21Embroidery Revival Pays off in Rural Hubei County
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Wang Chuqin, Wang Manyu Win All
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Former Teacher Helps Farmers Get Keen on Quinoa
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
If you’re looking for a little bit of that “ Top Gun: Maverick ” spectacle and thrill at the movie t2024-05-21Wang Chuqin, Wang Manyu Win All
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment