Current location:Horizon Herald news portal > business
Target to lower prices on basic goods in response to inflation
Horizon Herald news portal2024-05-21 13:38:30【business】5People 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://northernmarianaislands.antjekoch.com/article-19d999015.html
Very good!(1)
Related articles
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- World Bank to further support health, nutrition in Laos
- Meet Donald Trump's glamorous right
- Israel accused of deadly strike on Iranian consulate in Syria
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- QUENTIN LETTS: We can guess who plenty of Labour MPs would cheer in an Israel
- Chinese boy bands eye global stardom under new deal
- Death toll in Italy's power plant explosion rises to 5
- Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
- China's GDP grew 5.3% in Q1, beating expectations
Popular articles
- Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
- Masseur, 47, 'rapes British pensioner, 71, after massaging her' in Portugal
- Dylan Cozens scores 2 goals as Sabres beat Lightning 4
- Angela Rayner fan Andy Burnham to have no role in police investigation into her housing affairs
Recommended
Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
At least five injured in ballistic missile attack on Ukrainian capital
Israel accused of deadly strike on Iranian consulate in Syria
China remains top merchandise exporter in 2023 for 7th straight year
Tom Brady and Jay
Bader drives in go
German chancellor arrives in SW China
China to take multiple measures to upgrade basic education: Minister
Links
- Subsidies not reason for Chinese EVs competitive advantage: minister
- Man Who Respects Culture
- Profile: Xi Jinping Leads China on New Journey
- Xi Focus: 4 Key Takeaways from Xi's Diplomacy After CPC Congress
- Hayao Miyazaki's animated fantasy leads Chinese box office
- Full Text of Constitution of Communist Party of China
- Chinese Women's Health, Education Continue to Improve
- Xi Sends Congratulations to 31st Arab League Summit
- China's ecological environment improves steadily in 2023: Minister
- Exchange Event Convened to Mark 8th Anniversary of Lancang