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.
Nadal returns to Roland Garros to practice amid doubts over fitness and form
Kentucky governor predicts trip to Germany and Switzerland will reap more business investments
Should you really pay as much as possible into your pension? SIMON LAMBERT
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
ReelFocus Project selects fresh blood for film industry's future
Today's campus protests aren't nearly as big or violent as those last century
Art on the lips at hippiest cultural district in Hong Kong
Sweden beats France, Britain relegated after losing to Norway at hockey worlds
Gangs in Haiti launch fresh attacks, days after a new prime minister is announced
Iran helicopter crash that killed President Raisi could reverberate across the Middle East
Death toll from heavy rains in southern Brazil jumps to 29, with 60 more still mising