Current location:Global Glance news portal > politics
Target to lower prices on basic goods in response to inflation
Global Glance news portal2024-05-21 13:55:22【politics】1People 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://antarctica.shellye-mcdaniel.com/content-75b499514.html
Very good!(1)
Related articles
- Ship that caused Baltimore bridge collapse has been refloated
- China discovers new oilfield with over 100 mln tones of reserves
- Nvidia CEO visits Beijing
- Searches for hotels surge 4 times after China
- Biden says Brown v. Board of Education ruling was about more than education
- Shanghai makes great strides in improving business environment
- Container shortage adds to export costs
- Xi Meets OCA Acting President, Expressing Confidence in Spectacular Hangzhou Asiad
- Messi in and Dybala out in Argentina squad for pre
- New energy capacity to surpass coal in 2024
Popular articles
Recommended
The government wants to buy their flood
State energy firms turn to renewables abroad
NASA's next Mars mission to probe deep interior of red planet
Northwest China's Xinjiang realizes $34.3 billion exports to five Central Asian countries in 2023
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
'Global status far off for China's carmakers'
Climate change risks for fish across world: UW researchers
Curiosity mars rover begins studying Vera Rubin Ridge
Links
- Rookie Jesse Love claims 1st NASCAR Xfinity Series win in another wild Talladega finish
- Rosie Huntington
- Arturas Karnisovas vows to make changes after the Bulls missed playoffs for 2nd straight season
- Tomas Totland scores first MLS goal in stoppage time, St. Louis plays Sporting KC to 3
- Residents of four Serb
- TikTok star with 1.1 million followers reveals why US must pass ban on China
- Portland downs Dash 4
- Yankees' Cortes learns pump fake pitch is actually illegal; pitches seven innings vs. Rays
- Kyle Walker slams ex
- Arturas Karnisovas vows to make changes after the Bulls missed playoffs for 2nd straight season