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.
Ship that caused Baltimore bridge collapse has been refloated
Oil consumption back to 2019 levels
Lou Groza Award winner Graham Nicholson transferring to Alabama
Direct flights resume between Chengdu, Auckland
Amtrak train hits pickup truck in upstate New York, 3 dead including child
Polish voters choose mayors in hundreds of cities in runoff election
China's Dongfeng NEV brand Voyah makes debut in Italy
Stone carvings found inside cave of China's Longmen Grottoes
Four people killed in a house explosion in southwestern Missouri
Former Duke guard Jeremy Roach indicates he will play a final college season at Baylor
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
China urges U.S. to formulate universal data security rules to enable orderly, free data flows