Target to lower prices on basic goods in response to inflation
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
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
NEW YORK (AP) — OpenAI says it plans to halt the use of one of its ChatGPT voices after some users s2024-05-21Gaza's Nasser hospital: Fears for patients as Israeli raid continues
By Rushdi Abu Alouf in Istanbul & Kathryn Armstrong in LondonA man inspects the damage after Isr2024-05-21Inside the Cambodian hotel with rooms fit for top
'Three down!' trilled my husband, as the children fried in the unforgiving Cambodian sun. 'Only 9972024-05-21- New Cybertruck owners are bound to a contract that prohibits them from re-selling the EV before one2024-05-21
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
NEW YORK (AP) — OpenAI says it plans to halt the use of one of its ChatGPT voices after some users s2024-05-21- With the Budget tipped to be the Chancellor’s last roll of the dice before a General Election, expec2024-05-21
atest comment