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 15:53:40 source:Earthly Essence 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
  • Lynn Williams breaks NWSL goal
  • Across China: 'Village CEOs' Transforming Rural Dreams into Reality
  • Letter from China: New quality productive forces mark Chinese path to future
  • Chinese, Lao foreign ministers hold talks
  • Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
  • NW China's Internet Celebrity City Sees Tourism Boom During Qingming Holiday
  • China's Maternal, Infant Mortality Rates Continue to Drop
  • Providing Heartwarming Services to Children
Recommended content
  • What a blast to work at NASA. Space agency is sky
  • Palestinian president approves new gov't headed by Mohammad Mustafa
  • Foreign investors continue expansion in western China
  • China's Puyuan Ramps up Efforts to Develop Knitwear Industry
  • Siblings trying to make US water polo teams for Paris Olympics
  • Event to Promote Love of Reading to Be Held in Kunming