Current location:Culture Connect news portal > opinions
Target to lower prices on basic goods in response to inflation
Culture Connect news portal2024-05-21 15:38:39【opinions】0People 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.
Address of this article:http://europaisland.arnoldview.org/content-75e299913.html
Very good!(167)
Related articles
- With Djokovic awaiting the winner, Murray trails Hanfmann at rain
- Russia aborts planned test launch of new space rocket
- JPMorgan Chase CEO warns about inflation, political polarization, wars
- April's total solar eclipse promises to be the best yet for experiments
- The Latest
- A Dubai company’s staggering land deals in Africa raise fears about risks to Indigenous livelihoods
- Artist Natalia Rak not told her Dunedin mural would be painted over
- SpaceX launches 4 astronauts to the ISS for a 6
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- Private US moon lander still working after breaking leg and falling, but not for long
Popular articles
Recommended
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
'Sasquatch Sunset' review: Should you watch this movie about a family of Bigfoots?
Joel Embiid returns from injury scare, scores 32 as 76ers beat Magic 125
Vikings had windows, another shift away from their image as barbaric Norsemen, Danish museum says
Six killed in a 'foiled coup' in Congo, the army says
European satellite falls out of orbit, breaks over Pacific
When's the next eclipse after 2024? Watch for these celestial events
'Immaculate' review: Things get scary for Sydney Sweeney in a convent
Links
- China's Ma, Sun crowned at ITTF World Cup
- China's NEVs powering up to lead global sustainability charge
- China stay perfect in Thomas & Uber Cup
- Leverkusen again rescue unbeaten run with late draw
- China's Ma, Sun crowned at ITTF World Cup
- China's industrial profits up 4.3 pct in Q1
- China stay perfect in Thomas & Uber Cup
- US GDP growth slows to annual rate of 1.6% in Q1
- You don't need great legs, good skin
- Chinese premier says China's market is always open to foreign businesses