opinions

Target to lower prices on basic goods in response to inflation

Font size+Author:Global Grooves news portalSource:world2024-05-21 12:00:35I want to comment(0)

Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inf

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
  • ‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad

    ‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad

    2024-05-21 11:14

  • Danny Cipriani holidays with 90210 star AnnaLynne McCord at spiritual retreat in Egypt

    Danny Cipriani holidays with 90210 star AnnaLynne McCord at spiritual retreat in Egypt

    2024-05-21 10:24

  • Missouri lawmakers expand private school scholarships backed by tax credits

    Missouri lawmakers expand private school scholarships backed by tax credits

    2024-05-21 09:46

  • Google fires 28 employees after protest against cloud contract with Israel

    Google fires 28 employees after protest against cloud contract with Israel

    2024-05-21 09:20

Netizen comments