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.
Ben Whishaw lights up the Croisette as he joins his co
Yemeni security forces deploy in Aden as anger simmers over lengthy power outages
Revealed: Queen Camilla's immediate reaction to seeing King Charles' portrait for the first time
Broadway's superstar couple Orfeh and Andy Karl announce split after 23 years of marriage
Company wins court ruling to continue development of Michigan factory serving EV industry
Sofia Vergara, 51, poses up a storm in striking red off
Angela Bassett pays tribute to 9
Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
Why the speech by Kansas City Chiefs kicker was embraced at Benedictine College's commencement