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. |
Travis Kelce called out for being 'corny' over reaction to romance with Taylor Swift by Jana KramerIn the NIL landscape, schools are turning to companies to train and manage inSupreme Court Justice Neil Gorsuch coWednesday begins production on season 2 with starThe $230 billion donorSteve Albini, legendary producer and alternative rock pioneer, dies at 61Woman who pays $500 a month to live in an underground BUNKER reveals why she chose the lifestyleMicah Leon's sevenGeorgia lawmakers vowed to restrain tax breaks. But the governor's veto saved a dataVERY awkward moment Met Gala staffer suffers embarrassing tumble on the red carpet