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.
Brazil replaces injured goalkeeper Ederson in Copa America squad
40 Percent More Elderly Covered by Public Healthcare Services
High School Students Recreate Masterpiece on Classroom Walls
Xiaohe Township in C China Makes Great Efforts to Promote Local Artists
Why US Catholics are planning pilgrimages in communities across the nation
China Invests Heavily in Tibet's Cultural Heritage Affairs
Opera Based on Story of Huang Wenxiu Performed in Guiyang
Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
What's next for Iran after death of its president in crash?
China continues to provide humanitarian assistance to Gaza