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.
Shakib returns to Bangladesh squad for final two T20 matches against Zimbabwe
Maradona’s missing trophy has resurfaced and will be auctioned in Paris
The opening round of the Wells Fargo Championship is delayed with rain in the forecast
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
PSG faces a difficult rebuilding task without Mbappé as the curtain falls on superstar era
Malaysian soccer player splashed with acid, two others attacked in a week of rare violence
Sports host Katie Nolan questions if Ben Affleck 'was on drugs' during Tom Brady roast
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
Heartbreak of MasterChef star, 21, whose older sister died with 'no warning'
The unstoppable duo of Emma Stone and Yorgos Lanthimos
Former Daytona 500 winner McDowell will leave Front Row Motorsports for Spire in 2025