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:
Related suggestion:
Game on for tourism bureaus across China after Harbin travel frenzyMom, 28, forced to sell her dream car after forking out $40,000 in INTEREST alone over three years5th China Xizang Tourism and Culture Expo opens in LhasaLiaoning withstand Shanxi rally to win in OTChina's Dunhuang, French museum to coBeijing's Yanqing district ready for Labor Day travel rushRust armorer Hannah GutierrezXuzhou Museum (III)Nadal confirms comeback at Barcelona OpenTesla execs Drew Baglino and Rohan Patel among those leaving company in bloodbath lay
2.7187s , 6574.96875 kb
Copyright © 2024 Powered by Target to lower prices on basic goods in response to inflation ,Global Gesture news portal