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:
Intelligent seedling breeding base enhances spring farming efficiency in ChongqingChina's Xiaomi releases its first selfChina's development brings new opportunities for global growthMetamorphic rock oilfield in Bohai Sea sees cumulative proven reserves over 200 mln cubic metersIsrael hails 'success' after blocking unprecedented attack from IranCPEC hydropower station starts impoundment in NW PakistanOwners of Crooked House agree to rebuild Britain's wonkiest pub after it burned downIt's the first drug shown to slow Alzheimer's. Why is is it off to a slow start?Sydney mall stabbing: Officer, bystanders hailed for confronting and stopping attackerITB Berlin travel trade show kicks off
2.2308s , 6500.1953125 kb
Copyright © 2024 Powered by Target to lower prices on basic goods in response to inflation ,Cultural Current news portal