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 20:12:11 source:Global Genesis 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
  • Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
  • University in Beijing Holds Activities for Students to Ring in Spring Festival
  • GLOBALink
  • Popular TV Drama Turns Spotlight on Preservation of Shanghai Dialect
  • Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
  • Festive Frenzy Drives China's New Year Holiday Box Office to Record High
  • Thriving marathon industry in China brings health and new opportunities
  • Children Pick Strawberries at Hanging Strawberry Farm in E China's Zhejiang
Recommended content
  • Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
  • Time Needed for Incentives to Boost Fertility: Expert
  • Young Lodgers Bring Joy to Elderly Nursing Home Residents' Lives
  • China's Sanya Witnesses Peak Season for Tourism
  • Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
  • Bridesmaids