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.
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
I went blind in one eye after having false lashes fitted while wearing contact lenses
Book Review: Emily Henry is still the modern
Maine govenor signs off on new gun laws, mental health supports in wake of Lewiston shootings
Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
Sergei Bobrovsky makes 26 saves, Panthers beat Lightning 5
I have £300,000 invested in a pension
A man accused in a Harvard bomb threat and extortion plot is sentenced to 3 years probation
Nadal returns to Roland Garros to practice amid doubts over fitness and form
Florida's Bob Graham remembered as a governor, senator of the people
Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
Husband saw his wife, 50, die trying to save their beloved Labrador from a fast