Current location:business >>
Target to lower prices on basic goods in response to inflation
business7861People have gathered around
IntroductionTarget 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Canvas news portal”。http://burma.unhasdecoradas.org/article-97a199717.html
Related articles
Children are evacuated from school 'during an exam' after threat made via email
businessChildren have been evacuated from a school with Year 11 students told to leave mid-exam after a thre ...
【business】
Read moreI get shamed by other mothers for being naturally pretty with a good figure
businessA woman who says other mothers shame her for her naturally 'good looks' and 'figure' believes they a ...
【business】
Read moreLife's little luxuries: Facial massage tools
businessFirming lookfantastic.com £53.90 Shop Invigorating dior.com £90.00 Shop Jade cultbeauty.co.uk ...
【business】
Read more
Popular articles
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- Gary Neville takes aim at 'terrible' Arsenal player who 'kept falling over' during their 0
- KiwiSaver contributions: Big gap between men and women
- Return to sender! Bizarre items that arrived in the post and left people terrified
- Target to lower prices on basic goods in response to inflation
- Princess Charlene of Monaco debuts soft new look with feathery, face
Latest articles
LINKS
- Xavi will stay with Barcelona for another season, AP sources say. Coach had planned to leave
- Ravens agree to 2
- Hannah Waddingham looks incredible in pink tweed co
- Mississippi city settles lawsuit filed by family of man who died after police pulled him from car
- Remnants of bird flu are found in grocery store milk
- Missouri House backs legal shield for weedkiller maker facing thousands of cancer
- Brad Pitt and Ines de Ramon are struggling to 'move forward' while his EIGHT
- Everton beats Liverpool 2
- NFL star Tyreek Hill hints he has TEN kids in new interview and insists he takes care of them all
- Chicago 'rat hole' has been removed