world

Target to lower prices on basic goods in response to inflation

Font size+Author:Global Genesis news portalSource:style2024-05-21 19:28:16I want to comment(0)

Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inf

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
  • Why US Catholics are planning pilgrimages in communities across the nation

    Why US Catholics are planning pilgrimages in communities across the nation

    2024-05-21 18:41

  • Gambling bill to allow lottery and slots remains stalled in the Alabama Senate

    Gambling bill to allow lottery and slots remains stalled in the Alabama Senate

    2024-05-21 18:38

  • Twins put Buxton on injured list with inflammation in troublesome knee; antsy Lewis still rehabbing

    Twins put Buxton on injured list with inflammation in troublesome knee; antsy Lewis still rehabbing

    2024-05-21 17:47

  • The spy who came from the circus: He was a favourite of George VI, a chum of Churchill

    The spy who came from the circus: He was a favourite of George VI, a chum of Churchill

    2024-05-21 17:44

Netizen comments