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.
Candice Swanepoel stuns in a form
Biden is seeking higher tariffs on Chinese steel as he courts union voters
UN appeals for $2.8 billion to help 3 million Palestinians in desperate need of food and other aid
Guerrero has 2 RBIs as Blue Jays win 5
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
Taylor Swift fans are scammed out of more than £1 million by ticket fraudsters
Former world champion runner Jeruto faces doping case hearing in June ahead of Paris Olympics
Kylie Kelce celebrates her sixth wedding anniversary with husband Jason
A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
The Taliban suspend two TV stations in Afghanistan for neglecting Islamic and national values