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.
California congressman urges closer consultation with tribes on offshore wind
America's best public high school is revealed, as judges of prestige survey hail students' college
Election 2024: Puerto Rico Republicans award Trump all 23 delegates
Trump factor loomed large as GOP leaders pushed through Ukraine aid
NBA playoffs: Edwards leads Wolves to 98
Cristian Măcelaru to become music director of Cincinnati Symphony Orchestra in 2025
How US changes to 'noncompete' agreements and overtime pay could affect workers
Investigators return to Long Island home of Gilgo Beach serial killing suspect
Artist who covered sports car with an ornamental doily is shortlisted for £25,000 Turner Prize