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.
Ben Whishaw lights up the Croisette as he joins his co
Verstappen eases to win in 2024 F1 season opener
Prince Harry in legal setback about security protection in UK
Demonstration zone in Hainan shows China's green practices
Dodgers acquire pitcher Yohan Ramírez from Mets for cash
Prince Harry looks relaxed as he makes another cameo in posh world of polo
Palestinian death toll in Gaza rises to 33,175: ministry
Heavy rainfall, floods cause significant property damage in Australia's NSW
The fightback begins: Boss of London's Queen Mary University tells pro
Fighter jet maneuvers during training