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 08:21:30 source:World Wonders 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
  • Bella Hadid goes braless in a thigh
  • China Celebrates National Day with Jubilation and Hope
  • China Launches New Disaster Reduction Satellite
  • First Cyber Security Summit Opens in Tianjin
  • US overdose deaths dropped in 2023, the first time since 2018
  • Relocated Villagers in Jinghai District of China's Tianjin Return Home As Flood Recedes
  • Hotline Provides Legal Advice and Hope for Women in Need
  • Relocated Mountain Women Empowered by New Roles and Jobs
Recommended content
  • Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
  • Exhibition Featuring Paintings by Children of Xinjiang Held in Beijing
  • Wuzhou City Famous for Liubao Tea Making in S China's Guangxi
  • Xinhua Headlines: China Speeds up Post
  • Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
  • Heritage Protection Breathes New Life into China's Millennia