sport

Target to lower prices on basic goods in response to inflation

Font size+Author:Worldly Wisdom news portalSource:health2024-05-21 12:11:25I 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
  • Shohei Ohtani's first walk

    Shohei Ohtani's first walk

    2024-05-21 12:06

  • Tiger Woods to feature at PGA Championship along with 16 LIV golfers

    Tiger Woods to feature at PGA Championship along with 16 LIV golfers

    2024-05-21 11:19

  • Kings of the mountain: Joining a team of 20 St Bernards

    Kings of the mountain: Joining a team of 20 St Bernards

    2024-05-21 11:02

  • Kenya declares public holiday to mourn flood victims

    Kenya declares public holiday to mourn flood victims

    2024-05-21 10:21

Netizen comments