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 09:35:20 source:Earthly Echo 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
  • Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
  • How major US stock indexes fared Friday, 4/12/2024
  • Maine sues biochemical giant over contamination from PCB
  • 'Sasquatch Sunset' review: Should you watch this movie about a family of Bigfoots?
  • Amtrak train hits pickup truck in upstate New York, 3 dead including child
  • Artist Natalia Rak not told her Dunedin mural would be painted over
  • 'Civil War' review: A haunting portrait of a crumbling United States
  • Book Review: Hampton Sides revisits Captain James Cook, a divisive figure in the South Pacific
Recommended content
  • Cruise worker 'murders newborn son on board ship': Shocked co
  • 'Immaculate' review: Things get scary for Sydney Sweeney in a convent
  • When's the next eclipse after 2024? Watch for these celestial events
  • CBS says its daytime show 'The Talk' will end its run in December after 15 seasons
  • Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
  • Stock market today: Asia stocks are mostly lower after Wall St rebound led by Big Tech